21世纪经济报道·2026-01-30 02:26Market Overview - On January 30, A-shares opened lower with all three major indices dropping over 1% by around 10 AM, led by declines in the gold and base metals sectors [1] - A wave of individual stocks hit the daily limit down, including Baiyin Nonferrous, Xiyang Silver Tin, Yuguang Gold Lead, Zhongjin Gold, and Shengda Resources, while Hunan Gold saw a counter-trend surge, achieving a five-day limit up [1] Stock Performance - Notable stock performances include: - Xiaocheng Technology: Current price 67.57, down 19.92% with a trading volume of 2.289 billion, year-to-date increase of 122.56% [2] - Guiyan Platinum: Current price 23.55, down 10.01% with a trading volume of 1.031 billion, year-to-date increase of 26.54% [2] - Shengda Resources: Current price 61.02, down 10.00% with a trading volume of 1.101 billion, year-to-date increase of 97.09% [2] - Other stocks like Zhongjin Gold and Shandong Gold also experienced a 10% drop [2] Market Sentiment - Recent market activity indicates that speculation around gold and silver-related stocks is increasingly driven by emotions rather than fundamentals, leading to heightened volatility risks in the precious metals sector [3] - Some stocks, which have performance trends negatively correlated with gold prices, have already begun to decline despite the ongoing limit up for certain gold stocks [3] Company Specifics - Baiyin Nonferrous, despite its name, has limited business relevance to silver and has faced regulatory scrutiny for information disclosure violations, with an ongoing investigation since September 11, 2025 [3] - The domestic gold jewelry prices have also seen a decline, with notable drops in prices for brands like Chow Sang Sang and Lao Feng Xiang, reflecting the impact of international gold price fluctuations [5]