January 28th Midday Review: Shanghai Composite Index rises 0.49% in half a day, precious metals and non-ferrous sectors collectively surge

The market experienced fluctuations in the morning, with the three major indices showing mixed results. Resource stocks, led by gold, collectively surged, with Sichuan Gold hitting its fourth consecutive limit up, and Zhaojin Mining and Hunan Gold achieving three consecutive limit ups; oil and gas stocks saw a volatile rise, with Tongyuan Petroleum and Zhongman Petroleum hitting their limit up, and CNOOC rising over 7% to reach a new high; the non-ferrous metals sector strengthened across the board, with China Aluminum hitting its limit up and reaching a 16-year high, while several stocks such as Northern Copper and Tongling Nonferrous Metals also hit their limit up. On the downside, the photovoltaic sector adjusted, with Dongfang Risheng and Maiwei Co., Ltd. dropping over 7%. More stocks fell than rose, with about 3,600 stocks in the Shanghai, Shenzhen, and Beijing markets showing declines, and the morning trading volume reached 1.93 trillion yuan. At the midday close, the Shanghai Composite Index rose by 0.49%, the Shenzhen Component Index rose by 0.09%, and the ChiNext Index fell by 0.37%