Today (January 29th), the Nonferrous Metals ETF Huabao (159876) experienced a volatile trading session. Its on-market price surged over 4.1% at one point, hitting a new record high, before rapidly retreating to fall more than 3.5%, resulting in a real-time amplitude of 7.85%. It has since recovered near the break-even line, with the current on-market price up 1.28%.
Capital flowed in decisively, undeterred by market fluctuations, to scoop up shares! As of this writing, the Nonferrous Metals ETF Huabao (159876) attracted a real-time net subscription of 113 million fund units. This follows a 20-day consecutive streak of capital inflows, amassing a total of over 1.4 billion yuan!
Regarding constituent stocks, gold shares remained strong, with Hunan Gold and Western Gold hitting the daily limit-up, and Zhongjin Gold rising over 6%. Additionally, Silver Corp. surged over 6%, Tongling Nonferrous Metals Group gained more than 5%, and Hunan Silver Co.,Ltd. advanced over 4%. On the other hand, Xiamen Tungsten and Baoji Titanium Industry led the declines, each falling over 5%, weighing on the index performance.
On the news front, spot gold challenged the $5600 per ounce mark. Major gold stocks like Zhongjin Gold and Sichuan Gold collectively issued risk warnings, indicating that the substantial short-term gains might entail potential downside risks. Notably, on the evening of January 28th, Hunan Silver Co.,Ltd. announced its forecast for the full year 2025, expecting to achieve a net profit attributable to shareholders of the listed company between 285 million yuan and 385 million yuan, representing a year-on-year increase of 67.88% to 126.78%. The company attributed this to a significant increase in the output of its main products, silver and gold, coupled with an overall upward trend in the market prices of these precious metals, allowing selling prices to rise in sync with the market. Data indicates a broadly positive earnings outlook for nonferrous metals stocks in 2025, suggesting that the recent rally may have fundamental support. As of January 28th, among the 60 listed companies covered by the Nonferrous Metals ETF Huabao (159876), 24 have disclosed their 2025 performance forecasts. Of these, 21 anticipate profitability, accounting for nearly 90%, and 20 forecast positive year-on-year growth in net profit, highlighting the operational resilience of leading nonferrous metals companies. Notably, Guocheng Mining leads the pack, projecting a staggering year-on-year net profit increase of 988%-1094%. Eight companies, including Huayu Mining, Ganfeng Lithium, and China Rare Earth, expect triple-digit percentage growth in net profit.
Looking ahead, Southwest Securities believes the nonferrous metals industry is entering a major resource cycle, with the price centers of metals like gold, copper, aluminum, tin, and rare earths systematically shifting higher. Huafu Securities stated that nonferrous metals will deeply participate in profit-driven market trends. Benefiting from economic recovery fundamentals, the sector's strong cyclical attributes are expected to continue releasing excess returns against the backdrop of policies aimed at expanding domestic demand and countering internal competition, likely sustaining high industry prosperity. [The Nonferrous Metals Trend Has Arrived, An "Unstoppable Super Cycle"] The Nonferrous Metals ETF Huabao (159876) and its feeder fund (Class A: 017140, Class C: 017141) track a benchmark index that comprehensively covers sectors like copper, aluminum, gold, rare earths, and lithium, encompassing different cycles of prosperity such as precious metals (hedging), strategic metals (growth), and industrial metals (recovery). This full-category coverage allows for better capture of the sector's beta movements. Furthermore, this ETF is a margin trading security, making it an efficient tool for a one-stop allocation to the nonferrous metals sector.
Reminder: Recent market volatility may be significant. Short-term price movements do not indicate future performance. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying close attention to position sizing and risk management. ETF Fee Information: When subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%. On-market trading fees are subject to the rates charged by the securities firm. The ETF does not charge a sales service fee. Feeder Fund Fee Information: For the Huabao CSI Nonferrous Metals ETF Feeder Fund (Class A), the subscription fee is 1,000 RMB per transaction for subscription amounts of 2 million RMB (inclusive) or more, 0.6% for amounts between 1 million RMB (inclusive) and 2 million RMB, and 1% for amounts below 1 million RMB. The redemption fee is 1.5% for holding periods under 7 days, and 0% for holding periods of 7 days (inclusive) or more. No sales service fee is charged. The Huabao CSI Nonferrous Metals ETF Feeder Fund (Class C) charges no subscription fee. The redemption fee is 1.5% for holding periods under 7 days, and 0% for holding periods of 7 days (inclusive) or more. The sales service fee is 0.3%. Risk Warning: The Nonferrous Metals ETF Huabao and its feeder fund passively track the CSI Nonferrous Metals Index. The base date for this index is December 31, 2013, and it was published on July 13, 2015. The index's performance over the last five complete years is as follows: 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%; 2025, +91.67%. The index's constituent stocks are adjusted according to its compilation rules, and its past performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks are not investment recommendations in any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk rating as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions are subject to the selling institution. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to the reader, nor shall they be held liable for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund does not indicate its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds with caution.
A MACD golden cross signal has formed, and these stocks are performing well!
Comments