A-share Opening Express | A-shares narrow shock! Oil and gas and other resource stocks continued to be strong, precious metal popular stock won five consecutive boards.

On January 29th, the A-share market opened with narrow fluctuations. As of 9:40, the Shanghai Composite Index fell by 0.04%, the Shenzhen Component Index rose by 0.22%, and the ChiNext Index increased by 0.34%. On the market, stocks related to gold and other non-ferrous metals continued to show strength, with Baiyin Nonferrous Group hitting 8 consecutive limit up, China National Gold Group Gold Jewellery up by 5 consecutive limit up, and Sichuan Gold up by 4 consecutive limit up. Stocks related to oil and gas and other resources remained active, with Sinopec Oilfield Service Corporation hitting 2 consecutive limit up. On the downside, military, semiconductor, pharmaceuticals and other sectors led the declines. Looking ahead, Industrial believes that although the market momentum is slowing down, the upward trend is continuing and the money-making effect is spreading to a wider range. Hot sectors: 1. Gold sector remains strong Stocks related to gold continued to show strength, with Sichuan Gold hitting 4 consecutive limit up, China National Gold Group Gold Jewellery, Western Region Gold, Hunan Gold Corporation and other component stocks all hitting limit up. 2. Oil and gas and other resource stocks remain active Oil and gas and other resource stocks remained active, with Sinopec Oilfield Service Corporation hitting 2 consecutive limit up, and other related stocks following suit. Institutional views: 1. Industrial: Although the market momentum is slowing down, the upward trend is continuing Industrial believes that although the market momentum is slowing down, the upward trend is continuing and the money-making effect is spreading to a wider range. They continue to focus on fundamental analysis and highlight industries with bright spots. 2. Huatai: Index still shows strong resilience in volatility Huatai believes that the market in January is coming to an end and the market has seen a positive start to the month. They expect the market to continue to show resilience in volatility. They also believe that the market sentiment and fund situation will resonate, leading to a peak in the spring market. 3. Orient: Short-term stock index volatility pattern remains unchanged Orient believes that in the short term, the stock index volatility pattern remains unchanged, but there are signs of regulation in intraday trading. They see the Shanghai Composite Index continuing to fluctuate upwards, but expect limited movement before the Spring Festival. They also mention factors such as geopolitical conflicts, tariff disturbances, and the rise in international gold prices affecting the market. This article is a reprint from "Tencent Stock Picks", edited by GMTEight: Jiang Yuanhua.