first fell and then rose, the index lost 3,000 points and recovered. The panic decline caught the eye. The monthly gold stock return in April also reached a short-term verification moment. At the same time, some securities companies were the first to release gold stocks in May.
49 brokerage research institutes were optimistic about 359 gold stocks in April, with an average increase and decline of 10.18%. During the same period, Shanghai Composite Index fell 6.31%, the ChiNext Index fell 12.80%, and Shanghai and Shenzhen 300 Index fell 4.89%. Although
performed poorly under the influence of the general decline in April, a few securities companies still achieved good returns.
12 stocks were recommended by at least 6 brokerages at the same time, and gold stocks fell by more than 30% that month
In the 359 gold stocks included in the statistics in April, 9 brokerages also recommended Kweichow Moutai ; 8 brokerages also recommended Vanke A; 7 brokerages also recommended Zhifei Bio; 6 brokerages also recommended Longi Green Energy Technology Co., Ltd. , Jingao Technology, Mindray Medical Co., Ltd. , WuXi AppTec , Muyuan Shares Co., Ltd. , Dangsheng Technology Co., Ltd. , China Nuclear Power, CATL , Oriental Yuhong .
Cailianshe reporter noticed that at least 12 stock , which were recommended by 6 securities companies at the same time, were used as stock selection targets. Among them, Kweichow Moutai led the rise with 6.36%, JAO Technology followed closely with a return of 3.5%, Mindray Medical, Vanke A and Oriental Yuhong became the "minority" that achieved positive returns among gold stocks with 1.71%, 1.20%, and 0.91% respectively.
However, Longi Green Energy Technology Co., Ltd. (-5.86%), Muyuan Food Co., Ltd. (-8.14%), WuXi AppTec (-8.14%), Dangsheng Technology (-10.93%), China Nuclear Power (-12.08%), CATL (-20.10%), and Zhifei Biotech (-31.52%) fell, among which Zhifei Biotech led the decline in the above-mentioned gold stocks.
In terms of the ranking of securities companies' gold stocks, the top earnings in April were Junting Hotel recommended by Minsheng Securities , with a monthly income of 38.14%; followed by Jiawo Foods recommended by East Asia Qianhai Securities, with a monthly income of 38.09%; Guosheng Securities , and Southwest Securities , with a monthly income of Binjiang Group , which was recommended by Guosheng Securities , and Southwest Securities , with a monthly income of 20.12%, ranking third.
. In the decline ranking, there are also many securities companies that recommend Goodwei , which has fallen by 50.24% this month, Sungrow Power , which has fallen by 41.08%, and Proluo Pharmaceutical , which has fallen by 39.99%.
Review of the securities companies' recommendations of gold stocks in April, from the perspective of covering industries, the most favored by securities analysts are the power equipment industry, pharmaceutical and biological industry, food and beverage industry, electronics industry, agriculture, forestry, animal husbandry and fishery industry. Among them, the power equipment industry has been sought after by securities companies for three consecutive months, while steel, commerce, social service, beauty, environmental protection and other industries have become unpopular choices in April.
4, the yield of securities companies' gold stocks is bleak, and the investment portfolio generally suffers losses this year
Generally speaking, the securities companies' gold stock portfolio can often directly reflect the strength of securities companies' research capabilities. In the face of ups and downs, it is a great test of securities companies' research strength.
According to the APP data of each market, the yield of securities companies' gold stocks was bleak in April this year, with 359 gold stock targets in the entire market, with an average decline of 10.18%. The top 50 gold stocks had an average increase of +10.57%; of which 21 rose by more than 10%, accounting for 5.85%. A total of 80 gold stocks recorded positive returns, accounting for 22.28%.
Judging from the portfolio returns of securities companies' gold stocks, Shenwan Hongyuan , Haitong Securities , East Asia Qianhai Securities, Guosheng Securities, Shanxi Securities , Galaxy Securities , Gao Junan Securities , BOC Securities , Huatai Securities, Dongxing Securities Gold stock portfolio returns rank among the top ten respectively. Among them, with the Shanghai and Shenzhen 300 Index (ups and downs during the same period -4.89%) as a reference, Shenwan Hongyuan's excess returns reached 9.71%, Haitong Securities' excess returns were 5.99%, East Asia Qianhai Securities' excess returns were 5.20%. Although the excess returns of the remaining securities investment portfolios were positive, due to the poor performance of the Shanghai and Shenzhen 300 Index in April, they all closed in losses in essence.
combined with the overall situation in the first quarter, Cailianshe reporters found that due to the market conditions, the performance of securities companies' gold stock portfolios has generally been poor this year, and have been negative returns so far. Taking the best-performing Shenwan Hongyuan portfolio as an example, the rise and fall of -11.77% this year, while the worst-performing Shanghai Securities portfolio has a profit of -33.94% this year.
Brokers' gold stocks are newly released in May, and Kweichow Moutai and other companies continue to be favored
Cailianshe reporters have compiled that some brokerages have taken the lead in launching May gold stock recommendations. Among them, WuXi AppTec, Oriental Yuhong, Kweichow Moutai, Muyuan shares, China Duty Free Group and other gold stocks that were favored by securities companies in May appeared on the securities companies' gold stock recommendation list in April and were still optimistic in May.
From the perspective of the gold stock industry coverage, the sectors that were optimistic by securities analysts in May were new infrastructure engineering, finance, real estate construction decoration, building materials, transportation, household appliances, real estate, beauty care, steel, commerce and retail, social services, agriculture, forestry, animal husbandry and fishery, etc.
Institutional view: The market is still weak in the short term, and the process of bottoming out will be repeated, which is also an opportunity to layout
Since this year, affected by internal and external factors such as the geopolitical incidents of Russia and Ukraine, the Federal Reserve accelerated recovery of market liquidity, and the domestic epidemic repeatedly disturbed economic recovery, the three major indexes fluctuated unilaterally and fell unilaterally. The Shanghai Composite Index once fell below 2,900 points, but as the end of the month approached, the Politburo released a positive policy signal, the three major indexes bottomed out and rebounded, and the Shanghai Composite Index recovered 3,000 points again. The recent market has been stimulating like a roller coaster, and the index trend has stabilized as it approaches before the festival. However, from the perspective of the whole month, it still showed a sharp pullback trend, and the overall situation is still relatively sluggish. Among them, , the GEM, , has the largest pullback.
Shenwan Hongyuan and Kaiyuan Securities both proposed that the market has a rebound opportunity in May, but it is difficult to determine the bottom of the market before a real reversal. Overall, the weak market will remain. The policy will remain loose, and policies to stabilize growth are expected to be continuously introduced. In terms of configuration ideas, three types of directions are preferred, including growth attribute cycles, post-epidemic cycles and necessary consumption. The growth direction of high prosperity is verified in the first quarter report, and it is also worth paying attention to after a full pullback.
Ping An Securities believes that market sentiment has improved, but the current economic bottom has not been confirmed, and it is expected to focus on consolidation and consolidation in May. Catalyzed by the recent marginal improvement in the epidemic situation and the increased implementation of support policies, the market ushered in an oversold rebound in several trading days at the end of the month, but the economic and epidemic situation is still unclear, and more substantial policies need to be implemented, and it will still take a certain amount of time for the market to consolidate the bottom.
Haitong strategy is optimistic. This year's fundamentals and policy aspects are similar to those of 12 years. Stabilizing growth and promoting economic stability are made. The stock market pattern is similar to that of 16 years. After smashing the pit at the beginning of the year, it gradually fills the pit. Looking back at the historical market, there will still be a complicated process from the policy bottom to the performance bottom, and the market will still repeat during the bottoming process. But if you focus on the long term, the bottoming process will also be a suitable layout opportunity.
This article is from Cailianshe
