Gold and Shandong Gold rising by more

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Gold stocks rose , with Tongguan than 3%, and Zhaojin Mining and Zijin Mining active.

Today, southbound funds made a net purchase of HK$6.572 billion, of which Hong Kong Stock Connect (Shanghai) made a net purchase of HK$5.516 billion and Hong Kong Stock Connect (Shenzhen) made a net purchase of HK$1.056 billion.

Looking ahead to the future market, Tianfeng Securities pointed out that in 2024, the Hang Seng Index of Hong Kong stocks will close up more than 17% for the whole year, ending four consecutive years of chinese singapore data decline. In January, the Hang Seng Index fluctuated downward to around 19,000 points. Compared with the global market, Chinese assets are still cost-effective. Based on the gradual recovery of expectations and the expectation that subsequent fundamentals will gradually improve, we believe that the current valuations of Chinese stocks listed in Hong Kong are still attractive and have a high risk-return ratio.

Last week, the net subscription of CSI 300 ETF was nearly 8 billion yuan

Last Friday, January 10, the market went unilaterally downward in the afternoon, with all three major indexes falling by more than 1%. The Shanghai Composite Index closed below 3,200 points.

The average daily trading volume of A shares last week was 1,142.1 billion yuan, a decrease of 192.611 billion yuan from the previous week; the average daily turnover rate was 1.4896%, a slight decrease of 0.18 percentage points from the previous week.

In terms of industry sectors, comprehensive, home appliances, nonferrous metals, electronics, banking, and automobile industries were among the top gainers, while commerce, coal, social services, utilities, and food and beverage industries were among the top losers. What is more obvious is that the commerce and food and beverage sectors, which were previously hyped as consumer themes, have adjusted significantly, while the others, such as banks, home appliances, which are more conservative and defensive, and electronics and automobiles, which have better industry performance, are relatively resistant to declines.