Market Performance - The three major A-share indices showed mixed performance in the morning session, with the Shanghai Composite Index rising by 1.14% to 4069.38 points, reaching a new high since July 2015 [1] - The Shenzhen Component Index increased by 0.81%, while the ChiNext Index fell by 0.04%, and the North Star 50 Index rose by 0.86% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 179.61 billion yuan, an increase of 147.2 billion yuan compared to the previous day, with over 3600 stocks rising [1] Sector Highlights - The brain-computer interface concept saw a resurgence, with nearly 20 stocks, including Sanbo Brain Science and Nanjing Panda Electronics, hitting the daily limit [1] - Insurance stocks continued their upward trend from the previous day, with New China Life Insurance and China Pacific Insurance reaching new highs, while Ping An Insurance hit a new high not seen in over five years [1] - The non-ferrous metals sector performed strongly, with companies like Luoyang Molybdenum, Zijin Mining, and Jiangxi Copper all reaching new highs [1]

Group 1 - The A-share market shows mixed performance with the Shanghai Composite Index up by 0.06% and the ChiNext Index down by 0.45% [1] - Sectors such as brain-computer interfaces, lithium mining, and humanoid robots are leading in gains, while communication equipment, commercial aerospace, and military industries are experiencing declines [1] Group 2 - Guotai Junan believes that the Chinese stock market is likely to stabilize and surpass important thresholds, driven by expectations of U.S. interest rate cuts in 2026 and increased liquidity from overseas [1] - The A500 ETF is seeing continuous inflows of incremental capital, supported by insurance funds, which strengthens the liquidity foundation [1] - The Chinese government has emphasized the need to stabilize investment and improve real estate market expectations, indicating a potential increase in policy support for growth [1] Group 3 - Debon Securities anticipates a gradual unfolding of the spring market, with the A-share market expected to maintain a slow bull trend [2] - The ongoing upward trend of the RMB against the USD is seen as a positive factor for the A-share market [2] - The market is advised to focus on sectors such as commercial aerospace, artificial intelligence, and robotics, as well as cyclical sectors like oil and non-ferrous metals [2] Group 4 - Dongfang Securities notes that the Shanghai Composite Index has successfully crossed the 4000-point mark, indicating a continued upward trend in the market [3] - The strengthening of the Hong Kong stock market and the RMB during the holiday period has boosted investor confidence [3] - New industries, particularly in commercial aerospace, AI, brain-computer interfaces, and nuclear fusion, are expected to attract increased capital inflows, enhancing market risk appetite [3]

Market Overview - The A-share market welcomed the first trading day of 2026 with all three major indices opening higher, with the Shanghai Composite Index rising by 0.46% to 3986.97 points, the Shenzhen Component Index increasing by 0.8%, and the ChiNext Index up by 0.84% [1] Sector Performance - The market experienced a rise in oil and gas, as well as precious metals sectors, driven by renewed risk aversion following the U.S. military's swift action in Venezuela, capturing President Maduro [1] - The brain-computer interface sector opened strongly, with stocks such as Innovative Medical and Sanbo Brain Science hitting the daily limit up, as Elon Musk's Neuralink prepares for large-scale production of brain-computer interface devices [1]