Beijing, September 9 (ZXS) -- China's A-shares performed generally smoothly on Thursday 14 September, with major stock indexes rising and falling. The precious metals sector represented by gold performed brightly and rose first.
According to data from financial data service provider Orient Wealth, the precious metals sector rose 3.31% on the day. In terms of individual stocks, the shares of Western Gold, Zhongrun Resources, Hunan Gold and CICC Gold all rose by more than 4%.
Li Yiran, an analyst at Kaiyuan Securities, said that in the first half of this year, the performance of A-share gold listed companies was eye-catching. Statistics show that in the first half of this year, the A-share gold sector achieved operating income of about 1130.8 billion yuan (RMB, the same below), an increase of about 17.4% year-on-year; The net profit was about 39.5 billion yuan, an increase of about 10% year-on-year. In addition, in the first half of this year, China's domestic gold price remained high after rising, which is positive for the gold sector.
According to media reports, in September, the international spot gold price has fallen, and the retail price of gold in China is still climbing, and the price of gold in many gold stores has risen from 9 yuan per gram in early May to about 5 yuan per gram.
Bai Suna, an analyst at International Trade Futures, said that since mid-July this year, the precious metal market represented by gold has shown a significant pattern of internal strength and external weakness, mainly due to: First, the US dollar index has continued to rebound since mid-July, coupled with the sharp rise in US bond yields, jointly suppressing international precious metal prices. Second, driven by factors such as the continuous purchase of gold by the People's Bank of China, the depreciation of the RMB exchange rate, and the tight spot of gold, the domestic gold price continued to rise. Considering that the traditional gold sales season such as "Golden Nine Silver Ten" may aggravate the tightness of spot goods, it is expected that the domestic gold price will maintain a high level in the short term, which is beneficial to related enterprises.
As far as the overall performance of the market on the day was concerned, as of the close, the Shanghai Composite Index was reported at 3126 points, an increase of 0.11%; The Shenzhen Component Index reported 10197 points, down 0.57%; The ChiNext index reported 2011 points, down 0.78%. (End)