Midday report: Shanghai Composite Index slightly down by 0.15%, with the oil and natural gas sector showing collective strength.

date
22/01/2026
In the morning session, the three major indexes collectively adjusted. By noon, the Shanghai Composite Index fell by 0.15%, the Shenzhen Component Index fell by 0.17%, and the ChiNext Index fell by 0.4%. The SZSE Component Index rose by 0.43%. The total turnover of the Shanghai and Shenzhen stock exchanges reached 1.7897 trillion yuan by midday, an increase of 143.9 billion yuan from the previous day. Over 3200 stocks in the entire market rose. In terms of sector themes, natural gas, commercial aerospace, military equipment, photovoltaic equipment, steel, coal, diamond cultivation, and chemical industry sectors led in terms of gains. Precious metals, lithography machines, semiconductors, insurance, and battery sectors lagged behind. In the market, the price of American natural gas futures skyrocketed by over 50% in two days, leading to a collective surge in the petroleum and natural gas sector. China Oil rose by over 5%, hitting a high of over 1 year. Storage chip stocks showed some differentiation, with Purain Technology hitting a new high during trading, while stocks like Blue Arrow Electronics fell. The commercial aerospace sector rebounded, with Julong Fasteners having its second consecutive limit up day, and stocks like Zhongshui Holdings and Tenda Technology also hitting the limit up. It is reported that Musk is actively promoting SpaceX's IPO plan. In addition, there were movements in the coal, photovoltaic, and mid-cap stocks. On the other hand, gold stocks followed the overnight drop in gold prices, with Xiaocheng Technology and Western Gold falling by over 5%. The insurance sector also experienced a slight pullback, with China Ping An and China Taibao falling slightly.