These funds benefited crazily.
After the opening on May 20, gold, silver, copper and other related assets rose together, driving the cycle stocks, especially the nonferrous metal sector, to rise as a whole, of which the Wind Precious Metal Index rose 4.85%; Several stocks rose by the limit, leading Zijin Mining (601899. SH) and Luoyang Molybdenum Industry (603993. SH) also rose. The market value of Zijin Mining once approached 510 billion yuan, and its share price hit a new record high, closing at 19.47 yuan per share. On the same day, spot gold once stood at 2440 US dollars/ounce, a record high; The highest spot silver reached 32 US dollars/ounce, a new high in nearly 11 years; The main contract of Hujin closed at 578.84 yuan/g, rising to 582.44 yuan/g in the session, continuing to attack the record high price of 589.62 yuan/g on April 15. At the same time, the relevant individual stocks represented by pig raising and chicken raising in the breeding sector showed strong performance; In addition, stimulated by the real estate policy launched last weekend (May 17), several stocks in the real estate sector also rose sharply, but the rising trend eased after noon, and the overall sector closed lower by the end of the day. On May 20, a trader from a futures company told Time Finance that "the large-scale and continuous purchase of gold by central banks is one of the important factors driving the rise of gold prices." According to the data of the People's Bank of China, by the end of April 2024, the central bank's gold reserves had reached 72.8 million ounces, an increase of 60000 ounces compared with the end of March. This means that since November 2022, China's central bank's gold reserves have increased for 18 consecutive months. Gold and silver are in demand, and breeding is warming up Gold is highly sought after, and silver has also become a "rising star", and the rising trend is pressing. Since March this year, the spot silver price in London has risen by more than 42%. In terms of futures, on May 20, the Bank of Shanghai contracts were all up and down, with the main contract rising 8%, hitting a new record. Non ferrous metal plate of A-share is also booming. By the end of May 20, 54 of the 61 constituent stocks of the Wind Nonferrous Metals Index had been in the red, and 15 stocks had risen by more than 5%, of which Northern Copper (000737. SZ) had risen by the limit; Silver Nonferrous (601212. SH) and Industrial Silver Tin (000426. SZ) rose by more than 9%. Four leading stocks with a market value of more than 100 billion yuan - Zijin Mining, Luoyang Molybdenum Industry, Shandong Gold (600547. SH) and Aluminum Corporation of China (601600. SH) closed up 3.67%, 2.88%, 4.92% and 4.76% respectively. As for Hong Kong stocks, as of the close of May 20, China Silver Group (00815. HK) had surged 54.10% to HK $0.47 per share; Lingbao Gold (03330. HK) rose 13.41% to HK $3.72 per share; China Gold International (02099. HK) ended 7.96% higher at HK $58.30 per share. Since this year, the price fluctuation of gold and silver has intensified. The Shanghai Gold Exchange announced on May 20 that there are many uncertain factors that affect the market operation in the near future, market risks have significantly increased, and price fluctuations have significantly increased. Please raise the awareness of risk prevention, do a detailed risk contingency plan, and remind investors to do a good job in risk prevention, reasonably control their positions, and make rational investment. In addition to the precious metal plate, individual stocks in the aquaculture plate also showed a warming trend. On May 20, many individual stocks were among the top gainers. Since May, the aquaculture sector has continued to rise for many days, among which, Shennong Group (605296. SH) has risen 24.18% in 11 trading days since May; Leading stocks Wen's shares (300498. SZ) and Muyuan shares (002714. SZ) also increased by more than 10%, 14.39% and 13.14% respectively. In retrospect, last weekend (May 17), stimulated by the real estate policy, real estate stocks rose in large numbers. As of the closing on May 17, Vanke A (00000 2. SH) had increased by a large amount and closed at 9.00 yuan per share; China concept shares also echoed the call. On the same day, DUO. O rose 321.26% to close at $1.68 per share. According to Wind data of Time Finance, since May, the top ten earnings of stock ETFs have been industrial ETFs, focusing on real estate, building materials, aquaculture and other industries. Among them, the highest income is Huabao CSI 800 Real Estate ETF. As of May 20, after the net value settlement, it has gained 17.86% positive income in May. Among the top ten stock ETFs with earnings, 9 have earnings of more than 10%, and the overall performance difference is small. Data source: wind How long can it go up? The industry has been discussing for some time when the inflection point of the pig cycle will come; There is also much discussion on the sustainability of the rise of gold, silver and real estate sectors. Liu Boyang, a pig analyst of Zhuochuang Information, once said to Time Finance, "As for the future trend of pig price, we believe that the price of 19.0-19.8 yuan/kg pig may appear in September this year." He explained that according to various data and information forecasts, the core reason for affecting pig price is still the reduction of ex productive sows in cash, and the concentration of secondary fattening, which aggravates the shortage of pig supply. "The cost line is actually a watershed. Piglet sales of pig enterprises almost began to turn losses into profits in March. In January and February, the selling price basically hovered around the cost line, even below the cost line." Liu Boyang said. Different from exploring when the pig price will reverse, the industry pays attention to gold, silver and other precious metal plates in "when the price will turn downward". The traders of the futures companies mentioned above told Time Finance that "the observation period data of European and American fundamentals and monetary policy from May to June will bring great disturbance to the market. The international gold price may hit the previous high in the short term, but there is uncertainty about the rising space, focusing on the US inflation data. In terms of strategy, it is recommended that bulls buy on the low near 2300 US dollars." At the same time, he said, "According to the research data of GF Futures, the global gold demand in the fourth quarter of 2023 was 1221.4 tons and 4899 tons in 2023, setting a new record over the years, with a year-on-year growth of 3.1%. The growth of jewelry consumption and central bank gold purchase demand is mainly driven by the growth. Under the trend of global central banks moving towards easing and credit currency oversupply, the future gold investment demand is expected to continue to rise." More concerned by the market is the boosting effect of the real estate policy issued on May 17 on the real estate sector. Shenwan Hongyuan Research said that the real estate stimulus policy was implemented intensively, and short-term real estate sales may be improved to some extent; However, the effect of the real estate policy continues to be the most difficult macro expectation to ferment at present; The market has doubts about the effect of the realized real estate policies, but still has expectations for the continued stimulus of the follow-up policies; The high elasticity of real estate stocks is directly related to the low position. In the future, the policy catalytic density will decline and the stock price resistance will increase. Shenwan Hongyuan's research believes that the market characteristics of "total volume toughness is stronger than expected, and the structure continues to be weaker than expected" will continue. Focus on two dominant strategies, ambush cost-effective sectors, and wait for opportunities for rotation; Actively seek individual stocks Alpha to make up for the lack of industry and market beta.
