【导读】1月23日上午A股三大指数涨跌不一，商业航天、光伏集体大涨 大家好，又到周五了！一起关注上午的市场行情及资讯。 截至1月23日上午收盘，上证指数上涨0.27%，深证成指上涨0.24%，创业板指下跌0.17%。 沪深京三市半日成交额为19136亿元，较昨日放量1239亿元。全市场超3500只个股上涨。 板块题材上，光伏设备、贵金属、商业航天、医药商业、A应用等涨幅居前；保险、煤炭开采加工、半导体等跌幅居前。 商业航天集体大涨，中国飞船首批游客曝光 商业航天集体大涨，瑞华泰、飞沃科技（301232）、睿创微纳、德恩精工（300780）等20cm涨停。 消息面上，中国信息通信研究院拟于1月26日召开2026年"星算·智联"太空算力研讨会。会议将举行"算力星网"联合推进倡议暨《太空算力发展前瞻研究报 告（2026年）》启动仪式。 此外，1月22日，北京穿越者载人航天科技（000901）有限公司宣布，国内首艘商业载人飞船"穿越者壹号"计划于2028年首飞。太空船票预售单价300万 元，预付10%可锁定名额，目前已签约20余位跨领域付费游客，包括85岁中国工程院院士李立浧、啟赋资本董事长兼创始人傅哲宽、智元机器人 ...

【 导读 】 1月23日上午A股三大指数涨跌不一，商业航天、光伏集体大涨 中国基金报记者 忆山 大家好，又到 周五了！一起关注上午的市场行情及资讯。 截至 1月23日上午收盘，上证指数上涨0.27%，深证成指上涨0.24%，创业板指下跌0.17%。 | 内地股票 △ ⊙ | | | | --- | --- | --- | | 行情 | 负五间流人 | 冻跌分巾 | | 上证指数 | 深证成指 | 科创综指 | | 4133.58 | 14360.98 | 1879.53 | | +11.00 +0.27% | +33.94 +0.24% | +14.18 +0.76% | | 万得全A | 创业板指 | 北证50 | | 6870.71 | 3322.96 | 1581.62 | | +43.66 +0.64% | -5.69 -0.17% | +51.38 +3.36% | 沪深京三市半日成交额 为 19136亿元，较 昨 日放量1239亿元。全市场超3500只个股上涨。 板块题材上，光伏设备、贵金属、商业航天、医药商业、A应用 等 涨幅居前；保险、煤炭开采加工、半导体 等 跌幅居前。 | | | Wind ...

Core Viewpoint - The precious metals sector experienced a significant collective increase, with major stocks showing substantial gains, indicating a bullish trend in the market [1][7]. Group 1: Market Performance - The precious metals sector index rose over 5% as of the report, with notable increases in individual stocks such as Sichuan Gold and Hunan Silver, which both surged over 9% [1][7]. - In the Hong Kong market, the precious metals sector also saw a strong performance, with stocks like Chifeng Jilong Gold and Laopu Gold rising over 9% and nearly 8% respectively [2][8]. Group 2: Individual Stock Highlights - Hunan Silver increased by 9.20%, with a total market value of 462.47 million and a current price of 16.37 [2][8]. - Sichuan Gold rose by 9.07%, with a total market value of 209.2 billion and a current price of 49.84 [2][8]. - Chifeng Jilong Gold saw a rise of 6.86%, with a total market value of 758.1 million and a current price of 66.66 [2][8]. - Other notable stocks include West Gold and Xiaocheng Technology, which both increased by over 5% [1][7]. Group 3: Commodity Prices - Spot silver prices continued to rise, briefly surpassing $99 per ounce, marking a new historical high [3][9]. - Spot gold prices also reached a new historical high, exceeding $4960 per ounce during trading [5][11].

Core Insights - The article discusses the performance of gold stocks as a "lever" for gold prices, highlighting that gold stock ETFs have outperformed physical gold since early 2025, with a 137% increase in market price [1] - It questions the reliability of gold stocks as a lever and seeks to identify optimal buying conditions for these stocks [1] Group 1: Definition and Examples of Gold Stocks - Gold stocks include companies involved in gold mining and refining, such as Zijin Mining and Shandong Gold, as well as jewelry companies like Chow Tai Fook [2] Group 2: Performance Metrics of Gold Stocks - The China Securities Index for gold stocks showed annual performance from 2021 to 2025 as follows: -5.12%, 2.43%, 9.62%, 7.48%, and 90.30% [1] - Major gold mining companies like Zijin Mining and Shandong Gold have seen significant profit increases, with Zijin Mining's net profit rising by 50% in 2024 and 55% in the first three quarters of 2025 [5] Group 3: Impact of Gold Prices on Gold Stocks - The relationship between gold prices and gold stock performance is complex; while rising gold prices generally benefit mining companies, the impact on jewelry companies is mixed due to price sensitivity among consumers [7] - The article notes that gold stocks have experienced periods of divergence from gold prices, often correcting after gold price fluctuations [8][10] Group 4: Market Trends and Investment Considerations - The article suggests that despite short-term fluctuations, the long-term outlook for gold prices remains strong due to global uncertainties, making gold stock ETFs a valuable asset allocation option [10]

（原标题：黄金白银大涨！） 1月23日，A股三大指数集体高开。盘面上，黄金概念、化纤、有色、商业连锁等板块涨幅居前；半导体、家居用品、旅游等板块跌幅居前。 港股方面，恒生指数和恒生科技指数均飘红。微创医疗涨超9%，长飞光纤光缆涨超8%，老铺黄金、泡泡玛特等涨逾6%，阿里巴巴涨超3%，小米 集团涨超2%。 （原标题：贵金属概念股高开，黄金白银大涨！） 贵金属概念股高开 湖南白银涨超8%，四川黄金、中金黄金、山金国际、晓程科技等跟涨。 23日早盘，现货黄金持续拉涨，盘中一度触及4960美元/盎司，截至发稿，小幅回落。现货白银突破98美元/盎司，国内沪银期货主力合约涨幅扩 大至7.79%，报24802元/千克。 当地时间周二，波兰央行表示，该行已批准一项购买多达150吨黄金的计划，这将使该国的黄金储备增加到700吨。 商业航天概念延续强势 巨力索具3连板，中超控股2连板，德恩精工、睿创微纳涨幅居前，飞沃科技、信科移动、金风科技、烽火通信冲高。 券商研报指出，商业航天产业方兴未艾，正迈入需求侧与供给侧双向发力的黄金时代。民营火箭公司发展迅速，产业链处于国家航天向商业航天 的转变阶段。另外，当前低轨卫星主要集中在空间段 ...

Group 1 - Gold concept stocks showed strong performance in the morning, with Chifeng Gold rising over 5%, Zhongjin Gold increasing over 4%, and Shandong Gold up over 3% [1] - Related gold ETFs also experienced gains, rising over 3% [1] Group 2 - Specific gold stock ETFs reported the following price changes: - ETF code 159562 increased by 0.103 to 2.874, a rise of 3.72% - ETF code 159315 rose by 0.074 to 2.153, a gain of 3.56% - ETF code 159321 went up by 0.067 to 2.017, an increase of 3.44% - ETF code 517520 increased by 0.087 to 2.641, a rise of 3.41% - ETF code 517400 rose by 0.064 to 2.076, a gain of 3.18% - ETF code 159322 increased by 0.063 to 2.119, a rise of 3.06% [2] - The rise in gold prices was catalyzed by Trump's warning that Europe would face retaliation if it sold U.S. assets, leading to renewed risk aversion and pushing both spot and futures gold prices above $4,900 [2]

Group 1 - The core viewpoint of the articles highlights the strong resurgence of gold's financial attributes, driven by factors such as real interest rates, the US dollar index, and regional situations, with gold prices reaching historical highs of $4,960 per ounce and silver surpassing $97 per ounce [1] - The World Gold Council reported that in 2025, gold prices set records 53 times, with global gold ETF inflows reaching $89 billion and total holdings climbing to a historical high of 4,025 tons, indicating a continuous influx of funds driving up the value of gold assets [1] - Silver is positioned as an essential raw material in three key sectors: solar photovoltaic, automotive and electric vehicles, and data centers and artificial intelligence, supporting its core role in future industrial transformations [1] Group 2 - As of January 23, 2026, the National Securities Nonferrous Metals Industry Index (399395) rose by 1.86%, with component stocks such as silver and gold companies showing significant gains, including a 9.97% increase in silver stocks and a 7.02% rise in Chifeng Jilong Gold Mining [2] - The National Securities Nonferrous Metals Industry Index reflects the overall performance of listed companies in the nonferrous metals sector, based on a sample of 50 securities with notable scale and liquidity, providing a benchmark for industry investment [2] - The top ten weighted stocks in the National Securities Nonferrous Metals Industry Index as of December 31, 2025, include Zijin Mining, Luoyang Molybdenum, and Northern Rare Earth, collectively accounting for 51.65% of the index [2]

（文章来源：每日经济新闻） 每经AI快讯，1月23日，黄金珠宝指数大幅拉升，涨幅超3%。豫光金铅涨超7%，四川黄金涨超6%，中 金黄金、山金国际、西部黄金等多股涨幅超4%。 ...

Core Viewpoint - The colored metal industry is experiencing a significant upward trend, with the Huabao ETF (159876) seeing a price increase of over 2% in intraday trading, reflecting strong market interest and substantial capital inflow [1][4]. Group 1: Market Performance - The Huabao ETF has recorded a net subscription of 46.2 million units in real-time, accumulating 844 million yuan over the past 20 days [1]. - The ETF's latest scale reached 1.775 billion yuan, setting a new historical high [4]. - Key stocks in the sector, such as Baiyin Colored Metals and Hunan Daily, have seen price increases of 9.23% and 7.20%, respectively [2][5]. Group 2: Geopolitical and Economic Factors - Rising geopolitical uncertainties and ongoing gold purchases by central banks are expected to support long-term gold price stability [3]. - Goldman Sachs has significantly raised its gold price forecast for the end of 2026 to $5,400 per ounce, driven by increased demand from private investors and central banks [3]. - The global geopolitical landscape is likely to reshape the metal supply chain, enhancing the demand and value of strategic metals like copper, tungsten, and rare earths [4]. Group 3: Industry Trends - The silver market is experiencing a transformation due to high prices, leading to a shift towards copper as a more cost-effective alternative in photovoltaic applications [3]. - The Huabao ETF covers a wide range of metals, including copper, aluminum, gold, and lithium, allowing it to capture various market cycles effectively [7]. - The macroeconomic environment is expected to improve by 2026, potentially leading to a more favorable market for colored metals [4].

Group 1 - The core viewpoint of the articles highlights a significant increase in gold prices and strong performance of gold-themed products, driven by rising geopolitical tensions and heightened risk aversion among investors [1] - As of January 22, 2026, the gold stock ETF has seen a net inflow of 1.463 billion yuan over the past eight days, indicating strong investor interest [1] - The gold stock ETF has achieved a net value increase of 190.08% over the past two years, ranking 14th out of 2515 index stock funds, placing it in the top 0.56% [1] Group 2 - The gold stock ETF closely tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index, which includes leading companies in gold mining, refining, and sales [2] - As of December 31, 2025, the top ten weighted stocks in the CSI Hong Kong-Shenzhen Gold Industry Stock Index account for 63.58% of the index, with major companies like Zijin Mining and Shandong Gold [2] - The highest monthly return for the gold stock ETF since its inception was 21.60%, with a historical average monthly return of 9.36% and a 100% probability of profit over a two-year holding period [1]