January 29th Midday Review: ChiNext Index rises and falls slightly, AI application sector experiences a collective surge

The Shanghai Composite Index experienced narrow fluctuations in the morning, while the ChiNext Index rose and then fell back. AI applications saw a collective surge, with stocks like Gainshare Group and Zhejiang Wenlian hitting the daily limit. The precious metals sector continued its upward trend, with China Gold achieving five consecutive limit-ups and Hunan Gold four consecutive limit-ups. The non-ferrous metals sector continued to strengthen, with North Copper hitting the daily limit and reaching a new high. The real estate sector rallied, with Shenzhen Properties A and New City Holdings hitting the daily limit. On the downside, the semiconductor sector rose and then fell back, with Beijing Junzheng and Shenkong Co., Ltd. dropping over 6%. More stocks fell than rose, with over 2,800 stocks in the Shanghai, Shenzhen, and Beijing markets showing declines, and a total transaction volume of 2.04 trillion in the morning session. At the midday close, the Shanghai Composite Index fell by 0.1%, the Shenzhen Component Index rose by 0.01%, and the ChiNext Index fell by 0.05%