A-share opening express | Three major indexes opened slightly higher, gold concept stocks active

On September 13th, all three major indexes opened slightly higher, with the Shanghai Composite Index up 0.27%, the Shenzhen Component Index up 0.11%, and the ChiNext Index down 0.11% at the time of writing. In terms of the market, gold concept stocks were active, with Pengxin International Mining hitting the daily limit up, Beijing Xiaocheng Technology Stock and Leysen Jewellery Inc. rising by over 5%, and spot gold hitting a historical high of $2560 per ounce. Insurance and securities stocks were volatile and rose, with Hubei Biocause Pharmaceutical hitting the limit up for 8 days in a row. Some Hainan Free Trade Zone concept stocks continued to rise, with Hainan Shuangcheng Pharmaceuticals and Hainan Haiyao bidding the limit up. In terms of declines, the liquor sector was volatile and lower, with Shanghai Guijiu hitting the daily limit down again, after the company announced that its actual controller had been subjected to criminal coercive measures. Stocks related to HarmonyOS concept fell back, with Qingdao Topscomm Communication INC. dropping nearly 8% and Changbeishanming falling over 4%. In terms of main funds, funds favored industries such as communication equipment, industrial metals, and insurance; funds fled from industries such as optical electronics and software development. Institutional viewpoints Looking ahead, China Securities Co., Ltd. stated that despite many pressure factors internally and externally recently, the market itself is in a value range. Once the market stabilizes, close attention can be paid to the direction of counter-trend resistance in the near term. CITIC SEC: Resilient Expectations for Mid-Autumn Festival and National Day Holidays Travel and Liquor Consumption CITIC SEC stated that recent surveys conducted by the CITIC-CLSACRR team show that overall travel interest during the 2024 National Day holiday among surveyed residents has weakened compared to the same period in 2023, possibly due to the longer holiday period last year. However, the travel willingness of low-income and affluent groups is still increasing. The average travel budget per resident surveyed is higher than during the 2023 National Day, but lower than during this year's Spring Festival and May Day holidays. The willingness of surveyed residents to consume baijiu and beer during the Mid-Autumn and National Day holidays is stronger than usual, with both quantity and price levels higher than the previous year. Huatai: Focus on Apple's New Product Launch and the Pace of AI Implementation On September 10th, Apple (AAPL US) held its autumn product launch, releasing/updating four iPhone 16 models, two Series10/Ultra2 watches, three AirPods 4/AirPods Max/AirPods Pro 2 headphones, with all new product specifications generally in line with previous media reports. The main changes to the iPhone include: 1) hardware: support for Apple's intelligent 3nm A18 chip, Camera Control, image upgrades, etc. 2) software: gradual implementation of AI functions. Highlights of wearable products include the addition of health detection functions to the watch, and active noise reduction in Airpods 4. Optimistic about the continuous improvement of the ASP under the trend of AI-driven user upgrades and high-end trends, it is recommended to pay attention to related targets in the industry chain such as periscopic lenses, heat dissipation, and acoustics. Hot sectors 1. Strength in Gold Stocks Gold concept stocks opened higher, with Pengxin International Mining bidding limit up, Beijing Xiaocheng Technology Stock and Leysen Jewellery Inc. rising over 5%, and Shandong Yulong Gold, Chifeng Jilong Gold Mining, Sichuan Gold, Mclon Jewellery, Zhongjin Gold Corp., Ltd., etc., following suit. Commentary: In terms of news, stimulated by the European Central Bank's announcement of interest rate cuts and the expected interest rate cuts by the Federal Reserve, spot gold briefly rose above $2560 per ounce on Thursday evening, hitting a historical high. Analysts pointed out that the long-term trend of gold is bullish, reaching the target of $2550 per ounce, which opens the door to the next target of $2570 per ounce and is expected to rise even higher. 2. Real Estate Sector Shaking and Rising The real estate sector was shaking and rising, with Beijing Electronic Zone High-tech Group hitting the limit up, Beijing Airport High-Tech Park, Shahe Industrial, Gree Real Estate, Beijing Dalong Weiye Real Estate Development, CCCG Real Estate Corporation, etc., following suit. Commentary: According to a report from Minsheng Securities, in July-August 2024, high temperatures combined with a sluggish market sentiment, and transactions continued to decline month-on-month and year-on-year. It is predicted that in September, as the traditional peak sales season approaches, real estate developers will increase their efforts in both project promotion and marketing, leading to a potential increase in overall transactions in September compared to the previous month.From "Tencent self-selected stocks", GMTEight editor: Xu Wenqiang.Puedes sentarte en el sof si quieres.