Market Overview - The market experienced a pullback after an initial rise, with the Shanghai Composite Index closing at 4116.94 points, up 0.08%. The Shenzhen Component Index rose by 0.70% to 14255.12 points, while the ChiNext Index increased by 0.54% to 3295.52 points. The total trading volume in the Shanghai and Shenzhen markets was 2.6 trillion yuan, a decrease of 177.1 billion yuan compared to the previous trading day [1]. Sector Performance - The precious metals sector led the gains, with stocks like Sichuan Gold and Zhaojin Mining hitting the daily limit. The chip industry chain continued to strengthen, with companies such as Huatian Technology and Loongson Technology also reaching the daily limit. The lithium mining sector saw a rebound, with Shengxin Lithium Energy and Dazhong Mining hitting the daily limit. The oil and gas sector was active, with Huibo Technology and Intercontinental Oil & Gas also reaching the daily limit. Conversely, the consumer sector weakened, particularly in the liquor segment, and the banking sector experienced fluctuations and declines [2]. Institutional Insights - CITIC Securities noted that Meta has initiated the AI glasses era in September 2023, with an expected product explosion in the industry by 2025. Companies like Google are anticipated to launch AI glasses products between 2026 and 2027. The inclusion of AI glasses in national subsidies by 2026 is expected to further boost consumer demand. The current challenges in AI glasses involve trade-offs among cost, weight, performance, and battery life. The optical display system is a critical component, with waveguide technology expected to become the mainstream direction in the future, potentially replacing smartphones as a comprehensive personal terminal. Lens manufacturers are currently focusing on sales channels and custom lenses to enhance average transaction value, with future opportunities in areas like waveguides and eye-tracking technology [3]. - CICC highlighted positive changes in real estate policies and supply-side dynamics. Since the second half of 2025, the transaction volume of new and second-hand homes has stabilized at a low level after adjusting for seasonal and year-on-year effects. On the supply side, there are signs of improvement, with a decrease in the volume of new land supply and a reduction in the number of high-tier cities offering land for sale [3]. Industry Developments - China's first offshore liquid rocket launch and recovery test platform is under construction in Yantai, Shandong. This platform is expected to be completed and begin testing around February 5, coinciding with the launch of a mainstream commercial liquid rocket. The Eastern Spaceport, as the only offshore launch mother port in China, has already successfully launched 137 satellites. This initiative is part of a broader strategy to develop a comprehensive commercial aerospace industry chain in Shandong, centered around cities like Yantai, Jinan, and Qingdao [4]. - Hangzhou aims to cultivate more than three internationally top-tier open-source foundational models by 2030, with the core AI industry revenue expected to exceed 600 billion yuan. The city plans to achieve a research and development investment intensity of 4.5% and support over 50,000 technology-based small and medium-sized enterprises [5]. ETF Trading Activity - There was a significant increase in trading volume for broad-based ETFs, with the SSE 50 ETF exceeding 15 billion yuan, marking the highest volume in ten years. Other ETFs, including the CSI 300 ETFs from various fund houses, also saw trading volumes surpassing 10 billion yuan [6].

Market Overview - The A-share market opened lower but closed higher, with the Shanghai Composite Index at 4116.94 points, an increase of 0.08%, and a total trading volume of 11,801.85 billion yuan [1] - The Shenzhen Component Index closed at 14,255.13 points, up by 0.70%, with a trading volume of 14,204.14 billion yuan [1] - The ChiNext Index ended at 3,295.52 points, rising by 0.54%, with a trading volume of 6,512.35 billion yuan [1] Sector Performance Top Gaining Sectors - Higher Education sector led with a gain of 9.24%, total trading volume of 1,247.66 million hands, and a net inflow of 10.26 billion yuan [2] - Energy Metals sector increased by 4.01%, with a trading volume of 442.75 million hands and a net inflow of 20.26 billion yuan [2] - Small Metals sector rose by 3.58%, with a trading volume of 1,259.20 million hands and a net inflow of 49.03 billion yuan [2] Top Losing Sectors - The Beverage Manufacturing sector decreased by 2.12%, with a trading volume of 170.27 million hands and a net outflow of 51.90 billion yuan [2] - The Electric Grid Equipment sector fell by 1.59%, with a trading volume of 6,678.51 million hands and a net outflow of 77.14 billion yuan [2] - The Coal Mining and Processing sector declined by 1.42%, with a trading volume of 1,141.48 million hands and a net outflow of 14.56 billion yuan [2]

盘面上，现货黄金首次突破4880美元，贵金属、黄金概念大涨，招金黄金、赤峰黄金(600988)等多股涨 停；CPO概念走高，华天科技、通富微电(002156)等多股涨停；锂矿概念活跃，盛新锂能等多股涨停； PCB板块拉升，大族数控20CM涨停；玻璃基板、半导体及电机等板块涨幅居前。另外，免税概念、商 业百货板块走低，广百股份(002187)、永辉超市(601933)领跌；电网设备板块走弱，三变科技(002112)跌 逾8%；煤炭股走低，大有能源(600403)跌逾8%；银河、保险及旅游酒店等板块跌幅居前。(格隆汇) 格隆汇1月21日｜A股三大指数今日集体上涨，截至收盘，沪指涨0.08%报4116点，深证成指涨0.7%，创 业板指涨0.54%盘中一度涨超1.5%。全市场成交额2.61万亿元，较前一交易日缩量1805亿元，近3100股 上涨。 | 上证指数 深证成指 | 北证50 | | --- | --- | | 4116.94 14255.13 1519.75 | | | +3.29 +0.08% +99.50 +0.70% +2.15 +0.14% | | | 科创50 创业板指 | 万得全A | | 15 ...

Market Overview - Major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.08%, Shenzhen Component Index by 0.70%, ChiNext Index by 0.54%, and the STAR Market 50 Index by 3.53% [1] - The total trading volume in Shanghai and Shenzhen exceeded 2.6 trillion yuan, a decrease of nearly 200 billion yuan compared to the previous day [1] Index Performance - Shanghai Composite Index: 4116.94, up 3.29 points (0.08%), with a trading volume of 1.18 trillion yuan and a year-to-date increase of 3.73% [2] - Shenzhen Component Index: 14255.13, up 99.50 points (0.70%), with a trading volume of 1.42 trillion yuan and a year-to-date increase of 5.40% [2] - ChiNext Index: 3295.52, up 17.54 points (0.54%), with a trading volume of 651.2 billion yuan and a year-to-date increase of 2.88% [2] - STAR Market 50 Index: 1862.69, up 42.21 points (2.32%), with a trading volume of 310.8 billion yuan and a year-to-date increase of 13.81% [2] Sector Performance - The majority of industry sectors saw gains, with precious metals, energy metals, mining, electrical machinery, semiconductors, small metals, and electronic components leading the increases [2] - The coal, liquor, retail, and electric grid equipment sectors experienced the largest declines [2] Stock Performance - Nearly 3000 stocks rose, with close to 90 stocks hitting the daily limit up [3] - The precious metals sector surged, with stocks like Hunan Silver, Zhaojin Gold, Sichuan Gold, and Western Gold hitting the daily limit up [3] - The semiconductor sector also saw significant gains, with stocks such as Longxin Technology, Dagan Co., Huatech, Yingfang Micro, and Tongfu Microelectronics hitting the daily limit up [3] Capital Flow - In terms of industry capital flow, semiconductor, computer equipment, and non-ferrous metals sectors ranked high in net inflows, with semiconductors seeing a net inflow of 12.07 billion yuan [6] - Conversely, the electric grid equipment, liquor, and photovoltaic equipment sectors experienced significant net outflows, with electric grid equipment seeing a net outflow of 6.095 billion yuan [6]

贵金属又在"闷声"上涨。 21日，现货黄金突破4800美元关口，刷新历史新高。截至发稿，现货黄金涨1.37%，报4828.171美元/盎 司，年内涨幅将近12%；COMEX黄金期货涨1.36%，报4830.6美元/盎司，年内涨幅超11%；国内期货市 场上，沪金2602、沪金2603、沪金2604、沪金2606等集体涨超3%，年内涨幅均约11%。 同日，现货铂金盘中突破2500美元关口，创下历史新高，最高触及2515.1美元/盎司，截至发稿涨幅回 落至0.91%，报2473.77美元/盎司，年内涨幅逼近20%。 另外，现货白银上个交易日触及95.78美元/盎司的历史新高。截至发稿，现货白银年内涨幅超30%，目 前维持在94.24美元/盎司的历史高位。 股票市场上，A股年内的强势表现以及此起彼伏的热点让投资者兴奋，市场交易额一度放量逼近4万亿 元。与商业航天、AI应用、半导体等热门板块相比，贵金属板块整体稳定上涨，截至发稿，年内涨幅 超16%。 21日，贵金属板块目前涨近2%，截至发稿，湖南白银涨超8%，晓程科技、山东黄金、赤峰黄金、中金 黄金等涨超3%，招金黄金、四川黄金、贵研铂业、山金国际涨超2%。 对近期黄 ...

1月21日，A股市场冲高回落，截至收盘，沪指涨0.08%，深成指涨0.7%，创业板指涨0.54%，科创综指 涨2.32%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | the control control concession in the control of the controllers and | 4116.94c | 3.29 | 0.08% | | 399001 | 深证成指 | S | 14255.13c | 99.50 | 0.70% | | 399006 | 创业板指 | In | 3295.52c | 17.54 | 0.54% | | 000680 | 科创综指 | Non m | 1862.69c | 42.21 | 2.32% | 盘面上，半导体、AI算力产业链集体爆发，GPU、先进封装、CPO方向齐上涨。有色金属板块活跃，黄 金股掀涨停潮，锂矿、铜矿涨幅靠前。银行、煤炭、白酒、零售板块走弱。 具体来看，贵金属板块集体爆发，招金黄金、四川黄金、西部 ...

A股收评：沪指微涨0.08% 芯片产业链逾10股涨停 21世纪经济报道 21快讯 2026-01-21 15:05 南方财经1月21日电，市场冲高回落，沪指午后一度翻绿。截至收盘，沪指涨0.08%，深成指涨0.7%， 创业板指涨0.54%。沪深两市成交额2.6万亿，较上一个交易日缩量1771亿。盘面上，市场热点快速轮 动，全市场超3000只个股上涨。从板块来看，贵金属概念全天领涨，四川黄金、招金黄金涨停。芯片产 业链爆发，华天科技、龙芯中科、至正股份等十余股涨停。锂矿概念震荡反弹，盛新锂能、大中矿业、 国城矿业涨停。油气概念表现活跃，惠博普、洲际油气涨停。下跌方面，大消费板块集体走弱，白酒方 向领跌。银行板块震荡下跌，农业银行跌近3%。 相关股票： 四川黄金国城矿业农业银行盛新锂能华天科技农业银行惠博普龙芯中科洲际油气招金黄金 大中矿业至正股份 相关文章 南方财经1月21日电，市场冲高回落，沪指午后一度翻绿。截至收盘，沪指涨0.08%，深成指涨0.7%， 创业板指涨0.54%。沪深两市成交额2.6万亿，较上一个交易日缩量1771亿。盘面上，市场热点快速轮 动，全市场超3000只个股上涨。从板块来看，贵金属概念 ...

Core Viewpoint - The A-share market experienced a rebound in technology stocks, particularly in the semiconductor and precious metals sectors, with significant trading volumes observed in ETFs, indicating strong market interest and potential for further growth [1][2]. Market Performance - On January 21, the A-share market saw the ChiNext index rise by 3.53%, with a total trading volume of 2.6 trillion yuan, down by 177.1 billion yuan from the previous trading day [1]. - The Shanghai Composite Index increased by 0.08%, the Shenzhen Component Index rose by 0.70%, and the ChiNext Index gained 0.54% [1]. Sector Highlights 1. **Chip Stocks** - Chip stocks showed strong performance, particularly in computing and storage sectors, with multiple stocks hitting the daily limit [3]. - The demand for CPUs is expected to rise due to their critical role in AI and machine learning applications, which may lead to supply constraints [3]. 2. **Precious Metals** - The precious metals sector performed robustly, with silver prices surpassing $95 per ounce and gold prices exceeding $4,800 per ounce, marking a 33% increase year-to-date [4]. - The geopolitical climate is driving demand for gold as a safe-haven asset, prompting recommendations for increased allocation to gold [4]. 3. **Lithium Mining** - Lithium mining stocks rebounded, with several companies reaching their daily limits, driven by a significant increase in lithium carbonate prices, which exceeded 164,000 yuan per ton [5]. - The growth in AI data centers is expected to drive lithium demand, with projections of a 40%-50% annual growth rate in overseas energy storage over the next two to three years [5]. Institutional Perspectives 1. **Spring Market Outlook** - Industry analysts from Guangfa Securities anticipate a strong upward trend in the market from late January to mid-March, coinciding with the annual report preview period [2]. - The focus will shift to fundamental performance as companies disclose earnings, potentially leading to a structural adjustment in market dynamics [6]. 2. **Slow Bull Market View** - According to Debon Securities, a slow bull market is expected to continue, with attention on policy directions and liquidity levels that may sustain market activity [8]. - The long-term support from government policies and industry upgrades is expected to bolster market confidence [8]. 3. **Market Adjustment and Rotation** - Dongfang Securities suggests that the market may experience mild adjustments with active fund rotation, maintaining a pattern of sector rotation until the Spring Festival [9]. - This adjustment phase is seen as beneficial for the market's upward trajectory in the longer term [9].

沪深两市成交额2.6万亿，较上一个交易日缩量1771亿。 | | | 1月21日，A股市场冲高回落，截至收盘，沪指涨0.08%，深成指涨0.7%，创业板指涨0.54%。科创综指涨2.32%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | | 4116.94c | 3.29 | 0.08% | | 399001 | 深证成指 | m Inni | 14255.13c | 99.50 | 0.70% | | 399006 | 创业板指 | hom | 3295.52c | 17.54 | 0.54% | | 000680 | 科创综指 | Non m | 1862.69c | 42.21 | 2.32% | 盘面上，半导体、AI算力产业链集体爆发，GPU、先进封装、CPO方向齐上涨。有色金属板块活跃，黄金股掀涨停潮，锂矿、铜矿涨幅靠 前。银行、煤炭、白酒、零售板块走弱。 具体来看，贵金属板块集体爆发，招金黄金、四川黄金、西部黄金等多股涨停。 | 代码 | 名称 | 涨幅号 | 现价 ...

相关生产商有：兴业银锡(000426)锡业股份(000960)恒邦股份(002237)湖南白银(002716)鹏欣资源 (600490)豫光金铅(600531)山东黄金(600547)盛屯矿业（维权）(600711)株冶集团(600961)赤峰黄金 (600988)西部矿业(601168)白银有色（维权）(601212)等。 据生意社监测，白银01月20日最新价格23365.33元/千克，最近5天上涨4.25%，10天上涨25.33%，15天 上涨27.65%，30天上涨53.59%，60天上涨96.50%。 相关生产商有：兴业银锡(000426)锡业股份(000960)恒邦股份(002237)湖南白银(002716)鹏欣资源 (600490)豫光金铅(600531)山东黄金(600547)盛屯矿业（维权）(600711)株冶集团(600961)赤峰黄金 (600988)西部矿业(601168)白银有色（维权）(601212)等。 据生意社监测，白银01月20日最新价格23365.33元/千克，最近5天上涨4.25%，10天上涨25.33%，15天 上涨27.65%，30天上涨53.59%，60天上涨96.5 ...