The recommended list of gold stocks by brokerages in May has been released, with the target being recommended by 7 companies.
The trend of brokerage fee reduction and transformation has put the research capabilities of securities firms in the spotlight. One way to verify the research strength of securities firms in the short term is by looking at the performance of monthly gold stocks. In April, 59.68% of the gold stocks recommended by brokers rose in value, with the best-performing stocks seeing gains of over 40% that month.
Some of the top-performing gold stocks recommended by brokers in April included CITIC Haili, Yealink Network, and Guohai. Brokerages have already started releasing their recommended gold stocks and strategic outlooks for May, with BYD and Tsingtao Beer being recommended by 7 brokers.
The Shanghai Composite Index rose 2.09% in April, and brokerages recommended a total of 310 gold stocks, with 185 of them rising in value. The performance of gold stocks recommended by brokers is closely tied to their research capabilities, with strong research institutes able to make more accurate recommendations based on market trends.
Looking ahead to the market conditions in May, many brokerages are optimistic about the market’s upward momentum. They predict a more stable and sustainable A-share market in May, with expectations for excellent growth and active themes. Technological concepts like AI and new productivity concepts are expected to remain the main focus of the market.
Industry experts recommend focusing on high-quality assets and industries such as household appliances, petroleum, food and beverage, pharmaceuticals, and technology innovation. Overseas inflation is expected to be controllable, and market sentiment is expected to improve, leading to recommendations for sectors like agriculture, technology, and TMT.
Overall, brokerages are expecting a positive trend in the market in May, with opportunities for growth and investment in various sectors. Investors are advised to conduct their own research and make informed decisions when navigating the market.