Market Overview - On the first trading day of the Year of the Rabbit, A-shares saw a broad increase, with the Shanghai Composite Index rising by 0.87%, the Shenzhen Component Index by 1.36%, and the ChiNext Index by 0.99% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.2 trillion yuan, an increase of 219.4 billion yuan compared to the previous trading day [1] Sector Performance - Oil and gas stocks collectively surged, with several stocks hitting the daily limit, including Tongyuan Petroleum, Zhun Oil, Shandong Molong, and CNOOC Services [3] - The chemical sector experienced significant growth, with Meibang Co. achieving a four-day consecutive limit-up, alongside other stocks like Hongbaoli, Hongqiang Co., and Chengxing Co. also hitting the limit [3] - Gold stocks saw substantial gains, with Sichuan Gold hitting the limit, and other companies like Western Gold and Chifeng Jilong Gold also experiencing significant increases [5] - The cultivated diamond concept stocks rose sharply, with Sifangda hitting a 20% limit-up and Huanghe Xuanfeng also reaching the limit [5] Company Highlights - Huagong Technology resumed operations on the first day of the Lunar New Year, with multiple business segments running continuously, ensuring the production of high-speed optical modules [9] - The company reported that its order backlog extends to the fourth quarter of 2026, with production lines operating at full capacity [9] Declining Sectors - The film and cinema sector faced notable declines, with several stocks, including Light Media and China Film, hitting the daily limit down [10] - Despite the success of the film "Fast and Furious 3" at the box office, Bona Film's stock price plummeted, closing at 11.49 yuan per share, with a total market value of 15.79 billion yuan [11][12] Market Outlook - According to招商证券, the market is expected to maintain a volatile upward trend leading up to the Two Sessions, with cyclical price increases and the expansion of AI-related sectors being the main drivers [13] - The upcoming Two Sessions are anticipated to boost investment expectations, particularly in major infrastructure projects, which could stabilize market sentiment [13]
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