万联证券：万联晨会-20250121

Market Overview - The A-share market saw all three major indices rise on Monday, with the Shanghai Composite Index up by 0.08%, the Shenzhen Component Index up by 0.94%, and the ChiNext Index up by 1.81% [2][6] - The total trading volume in the Shanghai and Shenzhen markets reached 11,827.51 billion [2][6] - In terms of industry performance, the leading sectors included power equipment, textiles and apparel, and social services, while coal, oil and petrochemicals, and building materials lagged behind [2][6] - Concept sectors that performed well included copper cable high-speed connections, 2024 annual report pre-increases, and Tonghuashun fruit index, while the Xiaohongshu concept, glyphosate, and horse racing concepts underperformed [2][6] - The Hong Kong market also saw gains, with the Hang Seng Index rising by 1.75% and the Hang Seng Technology Index up by 2.59% [2][6] Important News - On January 20, Donald Trump was inaugurated as the 47th President of the United States, announcing a series of executive orders including a national emergency at the southern border and increased traditional energy production [3][7] - The People's Bank of China announced that the January LPR (Loan Prime Rate) for one year is 3.1% and for five years and above is 3.6%, remaining unchanged for three consecutive months [3][7]