Non-ferrous metals have become the industry with the largest increase in allocation, while non-banking finance has seen a significant reduction in allocation

On the first trading day after the National Day holiday, the A-share market got off to A "red start". Which sectors and stocks do major securities firms favor more in October?

Overall, in terms of industries, the electronics sector remained the industry with the highest weighting among the golden stocks in October. From the perspective of relative changes, non-ferrous metals were the industry with the largest increase in allocation among the golden stocks in October. Non-banking financial institutions saw the largest decline in weight among the "golden stocks" of securities firms in October.

Specifically, in terms of individual stocks, research report data from Kaiyuan Securities shows that based on the statistics of de-duplication of golden stocks released by 41 securities firms across the entire market, The six stocks, namely AVIC Shenyang Aircraft Corporation (600760), Luxshare Precision Industry (002475), GigaDevice (603986), China Molybdenum (603993), Hygon Information (688041), and Kaisen Network (002517), have the highest popularity and have been recommended as the most golden stocks by various securities firms in October in total.

The increase in the allocation of non-ferrous metals ranks among the top

In terms of industries, a research report by Guosen Securities pointed out that after de-weighting the stock pool of securities firms' golden stocks, from the perspective of absolute proportion, the allocation of securities firms' golden stocks in October was relatively high in industries such as electronics, machinery, non-ferrous metals, power equipment and new energy, and basic chemicals.

The research report statistics of KSY Securities also show that in October, the industry with the highest equity weight among securities firms was electronics, accounting for as high as 15.4%. Power equipment followed closely behind, accounting for 10.2%. Non-ferrous metals and mechanical equipment ranked second, accounting for 8.9% and 6.3% respectively.

In terms of the increase or decrease in industry weights, research reports from multiple securities firms all show that non-ferrous metals were the sector with the most significant increase in weight among the "golden stocks" of securities firms in October.

According to data from Guosen Securities, compared with September this year, the industries with the largest increase in "golden stocks" among securities firms in October were non-ferrous metals, power equipment and new energy, and automobiles, with growth rates of 2.71%, 2.64%, and 1.19% respectively.

According to the research report of Kaiyuan Securities, from the perspective of relative changes, in October, the allocation of "golden stocks" by securities firms in industries such as power equipment, non-ferrous metals, and light industry manufacturing increased significantly, by 3.9%, 2.9%, and 1.2% respectively.

In terms of decline, data from both Guosen Securities and Kaiyuan Securities show that in October, securities firms' "golden stocks" significantly reduced their allocation to non-banking financial sectors.

According to data from Kaiyuan Securities, the industries with the largest decline in equity weight in October were non-banking finance, computers, and communications, with decreases of 3.4%, 2.2%, and 1.6% respectively. According to data from Guosen Securities, non-banking finance, pharmaceuticals, and food and beverage sectors decreased by 3.08%, 1.79%, and 1.66% respectively.

In October 2025, the market value of the "golden stocks" of securities firms declined while their valuation rose, which may indicate that the "golden stocks" of securities firms shifted towards a growth style in October. Kaiyuan Securities said.

Six stocks including China Molybdenum Co., Ltd. were the hottest

At the individual stock level, data from KSY Securities shows that among the "golden stocks" recommended by various securities firms in October, six stocks, namely AVIC Shenyang Aircraft Corporation (600760), Luxshare Precision Industry (002475), GigaDevice (603986), China Molybdenum (603993), Hygon Information (688041), and Kaisen Network (002517), were the most frequently recommended. In total, they were recommended five times each.

Hengli Hydraulic (601100), Huayou Cobalt (603799), Muyuan Food (002714), and others have all been recommended four times.

Zijin Mining (601899), Ecovacs (603486), CATL (300750), DeepSec (300454), Zhongji Xucun (300308), and Stone Technology (688169) were recommended three times.

Among the new golden stocks added in October (compared with the list of new golden stocks added in September 2025), Xingye Silver Tin (000426) was recommended the most times, with a total of 4 recommendations.

Angel Yeast (600298), Giant Network (002558), Dajin Heavy Industry (002487), Sungrow Power Supply (300274), etc., have all been recommended a total of three times.

Huatai Securities (601688), Lianlong (300596), Beida Pharmaceutical (300558), Yunyi Electric (300304), Sun Paper (002078), Seri Medical (603716), New Dairy (002946), Tianchi Materials (002709), Tianqin Equipment (300922), Xizi Energy Saving (002534) and others were each recommended twice.

When it comes to various popular industries, the hottest golden stocks in the electronics sector are GigaDevice, Luxshare Precision Industry, and Hygon Information Technology, all of which have been recommended a total of five times. The power equipment sector includes Sungrow Power Supply, Dajin Heavy Industry, and CATL, all of which have been recommended a total of three times. The hottest stock in the non-ferrous metals sector is China Molybdenum Co., LTD., which has been recommended a total of five times.

The mechanical equipment section is Hengli Hydraulic, which has been recommended a total of 4 times. In the automotive sector, Yunyi Electric was recommended a total of two times.

In other popular industries, in the computer sector, DeepSec has been recommended the most times. In the pharmaceutical and biological sector, Lepu Medical, Beida Pharmaceutical, Seli Medical, and United Imaging Medical have the highest popularity. In the communication sector, ZTE and Zhongji Xucun have been recommended the most times. In the basic chemical sector, Satellite Chemical, Lianlong, and Juhua Co., Ltd. have tied for the first place in terms of recommendation frequency. In the media sector, Kaisen Network has received the most attention. Among the defense and military industry sectors, AVIC Shenyang Aircraft Corporation has the highest popularity, while in the food and beverage sector, Angel Yeast has the most recommendations.

Market insiders say that in the pool of golden stocks of securities firms, if the market attention it received in the early stage was relatively small, as securities analysts recommend it as a golden stock, the market attention it receives will increase significantly. Based on this, it is possible to identify the "golden stocks" of securities firms that received relatively less attention from the market in the early stage.

To a certain extent, the consensus expectations of analysts are reflected in the top ten golden stocks disclosed by most securities firms at the beginning of each month. Meanwhile, the "golden stocks" of securities firms also possess the forward-looking nature of quantitative analysis systems that incorporate fundamental research. However, the chief analyst of financial engineering at a securities firm in Shanghai further pointed out, "As the market's attention to the 'golden stocks' of securities firms increases, investors who want to obtain more excess returns in their portfolios of' golden stocks' of securities firms still need to further select these 'golden stocks'."