This morning, the three major A-share indices opened higher but then trended lower, while commercial space concept stocks rebounded. Oil and gas, along with ultra-hard materials, saw significant gains, whereas precious metals and semiconductor equipment sectors suffered heavy losses.
On the morning of January 22nd, the three major A-share stock indices experienced a pattern of opening high and closing low. By the midday close, the Shanghai Composite Index had fallen by 0.15%, the Shenzhen Component Index dropped by 0.17%, and the ChiNext Index declined by 0.4%.
The number of rising stocks outnumbered falling ones, with 3,265 stocks advancing across the market, including 60 that hit the daily limit-up, while 2,044 stocks declined. In terms of trading volume, the half-day turnover for the Shanghai and Shenzhen stock exchanges reached 1.77 trillion yuan, an increase of 142.6 billion yuan compared to the previous trading session.
Sector-wise, oil and gas, aerospace and defense, ultra-hard materials, coal, and photovoltaics were among the top gainers, while memory chip concept stocks showed divergent trends. The precious metals sector was hit hard, and semiconductor equipment and insurance sectors led the declines.
Commercial space concept stocks continued their recovery during the morning session.
Regarding individual stocks, Julig Suoju recorded its second consecutive limit-up, Boyun New Materials hit the limit-up, Chaojie Co., Ltd. rose over 9%, while China Satellite Communications, Aerospace Electronics, China Spacesat, AVIC XAC, Aerospace Development, Sirui New Materials, and others all posted gains.
On the news front, commercial aerospace enterprises such as Galaxy Power, Interstellar Glory, and Tianbing Technology recently updated their progress on listing guidance. This, combined with LandSpace's IPO application being accepted and Zhongke Aerospace completing its guidance filing, means five core companies primarily engaged in launch vehicle operations are all positioned to compete for the title of "first commercial aerospace stock."
The oil and petrochemical sector experienced a rapid upward surge, with several individual stocks hitting the daily limit-up.
For individual stocks, the "Big Three" oil companies all saw significant gains. Zhouji Oil & Gas and Lanye Holdings hit the limit-up, while Taishan Petroleum, Shouhua Gas, Bohui Chemical Technology, and others rose.
Regarding news, on January 22nd, the Brent crude oil benchmark price from SCCI was $64.92 per barrel, up 5.85% compared to the beginning of the month ($61.33/barrel). Some institutions analyze that multiple supply risks faced by OPEC+ member countries are expected to help stabilize Brent crude prices above $60 per barrel.
In its latest monthly report released on January 21st, the International Energy Agency forecast that global oil demand will grow by 930,000 barrels per day in 2026, higher than the 860,000 barrels per day predicted in the December monthly report.
The ultra-hard materials sector fluctuated upwards, with lab-grown diamond concept stocks trending higher.
For individual stocks, Yujing Shares and Boyun New Materials hit the daily limit-up, while Walld, Sifangda, Hui Feng Diamond, Huanghe Cyclone, Hui Feng Diamond, and Zhongbing Hongjian all advanced.
On the news front, according to relevant officials from the Ministry of Industry and Information Technology, China's core AI industry scale is expected to exceed 1.2 trillion yuan by 2025, with over 330 humanoid robot products cumulatively released. Recently, the second phase of 6G technology trials has been launched, and the next step will involve strengthening the support from the National AI Industry Investment Fund for humanoid robots.
Goldman Sachs released a report stating that AI infrastructure construction is driving the printed circuit board and copper clad laminate industries into a super cycle, forecasting that the AI server PCB and CCL markets will grow by 113% and 142% respectively by 2026.
The precious metals sector, which had seen significant gains previously, opened lower and continued to decline during the early trading session, showing an adjustment trend.
For individual stocks, Xiaocheng Technology and Western Gold fell over 5%, while Hengbang Shares, Chifeng Gold, Huaxi Nonferrous Metals, Shandong Gold, Zhongjin Gold, and others all declined by more than 3%.
On the news front, Eastern Time on Wednesday, US President Trump canceled a new round of tariffs targeting European countries and stated that a "framework agreement" had been reached regarding Greenland. Affected by this, spot gold and COMEX gold futures fluctuated lower in early trading on January 22nd, with spot gold once falling below $4800 per ounce.
At the time of writing, London gold was quoted at $4787.966 per ounce, with a daily decline of nearly 1%.
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