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today, a-shares rebounded, with nearly 4,800 stocks rising. the turnover of the shanghai and shenzhen stock markets today was 627 billion yuan, an increase of 147.7 billion yuan from the previous trading day.

liquor, food processing, nonferrous metals, domestic software and other sectors rose the most, while a few sectors such as cssc and insurance fell. as of the close, the shanghai composite index rose 0.69%, the shenzhen component index rose 1.19%, and the chinext index rose 0.85%.

the annual "zodiac market" has recently shown signs of starting up. today, "snake year concept stocks" have risen one after another, and many of them have rebounded continuously in recent days.in addition, the news of the fed's interest rate cut has landed, gold prices have fluctuated at high levels, and a-share gold stocks and non-ferrous metals sectors have strengthened today. investors believe that due to the sufficient correction in the previous period, the current investment cost-effectiveness of gold stocks has been further highlighted.

snake year concept stocks launched?

today, stocks with the concept of the year of the snake showed signs of starting. some investors said that a-shares have always had a tradition of speculating on zodiac signs, such as rabbit baby in the year of the rabbit and shenglong shares in the year of the dragon. this part of funds usually starts to lay out the bottom warehouse from the fourth quarter.

the stocks that the market currently believes are in line with the concept of the year of the snake include baota industry (leifeng pagoda town white snake), dr. glasses (homonymous with "cobra"), chuanfa longmang, china merchants shekou, longbai group (formerly known as "longmang baili"), calabash brothers, etc. as of today's closing, the above stocks have risen by 1.28%, 2.94%, 1.7%, 3.37%, 1.82%, 2.92%, and 2.34% respectively. many of these stocks have seen a continuous rebound in recent days.

in addition, some investors believe that enlight media may also be classified as a "year of the snake concept stock" by the market because it has the white snake ip (participated in the production of the "white snake" series of animated films) and the mid-autumn festival and national day films may be hype hot spots. the stock rose 2.45% today.

in summary, most of the leading stocks in the zodiac concept in previous years were based on hot topics, zodiac names and homophones, and usually had the characteristics of main board + low price, small market value, etc. looking back at the launch time of the zodiac concept in the past two years, rabbit baby was launched in mid-november 2022, and the zodiac market of longtou shares and shenglong shares was launched in mid-to-late september 2023.

the above-mentioned investor said: "the main reason for the emergence of this zodiac market is that funds can easily form a combined force, and there is only one market opportunity a year. many investors participate in it, which can also drive market sentiment."

xinchuang sector surges, hongmeng concept stocks strengthen

today, the ict sector surged, and hongmeng concept stocks strengthened. as of the close, yinzhijie's "20cm" daily limit, guohua network security and nantian information's daily limit, chengmai technology's increase of more than 16%, sanwei security and zhongke jiangnan's increase of more than 10%, kylin security and guozi software's increase of more than 8%.

according to the news, huawei will hold the all-connect conference from september 19 to 21. in addition, huawei's autumn all-scenario new product launch conference will be held in shanghai on september 24, when the zhijie r7 may open for large orders, and the small order channel will be closed on september 24.

previously, on september 11, the shenzhen local financial management bureau publicly solicited opinions on the "implementation opinions of shenzhen on supporting the high-quality development of digital finance (draft for comments)". it proposed to promote the construction of shenzhen's financial information innovation base, complete the information innovation research projects of financial institutions such as banks, securities, and insurance, and partners; encourage financial companies to cooperate with technology companies such as tencent and huawei to enhance the application of technologies such as ai big models in the financial field.

gold stocks continue to recover

today, gold stocks continued to rebound, and the sector has gradually stabilized and recovered in recent days. as of today's close, *st zhongrun hit the daily limit, hunan silver rose by more than 3%, hengbang shares and hunan gold rose by more than 2%.

the federal reserve announced on september 18 local time that it would lower the target range of the federal funds rate by 50 basis points to a level between 4.75% and 5.00%. this is also the first interest rate cut by the federal reserve in four years. analysts pointed out that the interest rate cut means a decrease in loan costs, which may stimulate economic growth and inflation expectations, thereby increasing the attractiveness of gold as a means of storing value, which is bullish for gold prices. in a recent report, goldman sachs set the price target for gold at $2,700 per ounce in early 2025.

liu tingyu, fund manager of yongying gold stock etf, believes that as the fed continues to cut interest rates, gold etf investors and other trading platforms may continue to bring in funds, and are expected to work with global central banks to push gold into a new round of major uptrends. the previous correction of gold stocks was relatively sufficient, and the current investment cost-effectiveness is further highlighted. when the gold price enters the upward range, gold stocks are expected to become the vanguard of the rebound again.