证券时报·2026-01-29 08:55Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the STAR 50 Index saw a significant decline. The total trading volume in the A-share market exceeded 3 trillion yuan, returning to above 30 billion yuan [1] - The Shanghai Composite Index closed up 0.16% at 4157.98 points, with the SSE 50 Index rising 1.65%. The Shenzhen Component Index fell 0.3%, and the ChiNext Index dropped 0.57%. The STAR 50 Index fell over 3% [1] Sector Performance Alcohol Sector - The alcohol sector witnessed a notable surge, with approximately 20 stocks hitting the daily limit. Notable performers included Gujing Gongjiu, Shanxi Fenjiu, Wuliangye, and Luzhou Laojiao, with Kweichow Moutai rising nearly 9% to surpass 1400 yuan [3][5] - Institutions indicate that as the Spring Festival approaches, demand for inventory is gradually increasing, and the stabilization of prices from leading liquor companies is becoming evident. This is expected to lead to a valuation recovery in the liquor sector post-Spring Festival [5] Financial Sector - The financial sector also showed strength, with significant gains in insurance, banking, and brokerage stocks. China Ping An rose over 5%, while China Pacific Insurance and China Life increased by over 4% and nearly 3%, respectively [8] - The banking sector is expected to maintain its appeal due to high dividends and low valuations, despite recent passive fund outflows causing some disturbances in liquidity [9] - The brokerage sector is anticipated to continue its upward trajectory, supported by strong fundamentals and potential catalysts from favorable financial policies [9] AI Application Sector - The AI application sector was notably active, with companies like Yinsai Group and Tianlong Group hitting the daily limit, and BlueFocus reaching a historical high with a nearly 15% increase [11][13] - The demand for computing power is expected to rise due to the rapid iteration of AI models and applications, indicating a positive outlook for the AI application and computing power sectors [13]