On January 5th, the A-share market welcomed the first trading day of 2026, with all three major indices opening higher collectively. The Shanghai Composite Index opened 0.46% higher, the Shenzhen Component Index opened 0.80% higher, and the ChiNext Index opened 0.84% higher, marking a strong start for the A-share market in the new year.

In terms of sectors, indices for brain-computer interfaces, precious metals, petroleum and petrochemicals, among others, led the gains.

Specifically, the brain-computer interface concept showed active performance. Innovation Medical hit the daily limit up, while Meihao Medical and Sanbo Brain Science surged by 20% (the maximum daily limit for ChiNext stocks). Companies such as Beiyikang, Aipeng Medical, and Xiangyu Medical rose by over 10%. In related news, Elon Musk recently stated on social media that his brain-computer interface company, Neuralink, will begin "mass production" of brain-computer interface devices in 2026.

Additionally, the commercial aerospace concept saw broad opening gains during the morning session. Companies such as Goldwind Technology, Leike Defense, and Lianchuang Optoelectronics hit the daily limit up, while Jiuzhiyang, BDStar Navigation, China Satellite, and Shunhao shares opened more than 5% higher. On December 31st, the Shanghai Stock Exchange website indicated that LandSpace's IPO application for the Sci-Tech Innovation Board has been accepted, officially advancing its bid to become the "first commercial rocket stock."

Notably, tomorrow, the A-share market will also welcome its first newly listed stock of the year, with two additional new stocks opening for subscription on the same day.

According to the schedule, Shaanxi Tourism will list on the Shanghai Main Board on January 6th. Shaanxi Tourism's business integrates tourism performances, cableways, catering, tourism project investment, and management. Its issue price is set at 80.44 yuan per share.

On January 6th, two new stocks will open for subscription: Kema Materials, which will list on the Beijing Stock Exchange, and Zhixin Co., Ltd., which will list on the Shanghai Main Board. Kema Materials' issue price is 11.66 yuan per share, with a total of 20.92 million shares issued, including 18.83 million shares for online subscription. Zhixin Co., Ltd.'s issue price is 21.88 yuan per share, with a total of 56.67 million shares issued, including 18.13 million shares for online subscription.

Kema Materials' main business involves the research, development, production, and sales of dry friction plates and wet paper-based friction plates, with a focus on the development and application of new friction materials. Zhixin Co., Ltd. specializes in the development, processing, production, and sales of automotive stamping and welding components, as well as related molds.

As the Year of the Horse's Spring Festival approaches, how will the capital market perform? Major securities firms have also offered their predictions.

CITIC Securities stated that the influx of incremental funds will not be the primary factor driving the market to a new level in 2026. The biggest expectation gap in 2026 will stem from the balance between external and domestic demand. The trend is likely to involve imposing "tariffs" externally while subsidizing domestic demand, with this year marking an important beginning. At the start of the year, considering that capital enthusiasm was not particularly high at the end of last year, the probability of the market trending upward after the new year is higher in an environment where sentiment favors gains.

CITIC Construction Investment pointed out that the A-share market's year-end rally has unfolded as expected. This year, the market faces significantly better liquidity and exchange rate conditions during the New Year period compared to the previous two years. The robust performance of the renminbi exchange rate and favorable external conditions may drive an "auspicious start" rally in the A-share market after the New Year. At the same time, the overall accommodative domestic liquidity environment is also conducive to the development of the year-end rally. Multiple positive factors, including the appreciation of the renminbi, concentrated releases of favorable news in the technology sector, improved macroeconomic expectations, and positive signals from the capital market, have collectively driven the strong opening of the Hong Kong stock market. These favorable factors are also expected to further propel the continuation of the A-share market's year-end rally.