Zheng Xing Xing Ye Ri Bao·2025-09-04 08:50Market Overview - The precious metals sector experienced a decline of 2.58% on September 4, with Hunan Gold leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Notable stock performances included: - Western Gold (601069) rose by 2.26% to a closing price of 27.11 with a trading volume of 770,400 shares and a turnover of 2.083 billion yuan [1] - Xiaocheng Technology (300139) increased by 1.95% to 22.48 with a trading volume of 714,100 shares and a turnover of 1.579 billion yuan [1] - Hunan Silver (002716) fell by 3.67% to 5.78 with a trading volume of 2,117,000 shares and a turnover of 1.247 billion yuan [1] - Chifeng Gold (600988) decreased by 5.21% to 26.56 with a trading volume of 994,400 shares and a turnover of 2.681 billion yuan [1] Capital Flow Analysis - The precious metals sector saw a net outflow of 1.305 billion yuan from institutional investors, while retail investors contributed a net inflow of 829 million yuan [3][4] - Specific stock capital flows included: - Hunan Gold (002155) had a net outflow of 1.68 billion yuan from institutional investors [4] - Shandong Gold (600547) experienced a net outflow of 1.01 billion yuan from institutional investors [4] - Sichuan Gold (001337) saw a net inflow of 654 million yuan from retail investors despite a net outflow of 535 million yuan from institutional investors [4] ETF Performance - The gold stock ETF (product code: 159562) tracking the CSI Hong Kong-Shenzhen Gold Industry Index reported a 10.22% change over the last five days [6] - The ETF's price-to-earnings ratio stands at 22.92, with a recent increase in shares by 47 million to a total of 390 million shares, despite a net outflow of 25.241 million yuan from institutional investors [6]