[Review of the securities company] Undervalued finance has a strong counterattack during the session! [Market丨Segment Review] On the end of August, the market fluctuated violently! Individual stocks generally fell, 4,150 individual stocks in the two markets fell, and popular trac

[Review of the securities company] Undervalued financial products have a strong counterattack during the session!

[Market丨Segment Review]

stock generally fell, 4,150 stocks in the two markets fell, and popular tracks such as photovoltaics and new energy led the decline. Big Finance performed strongly. In the afternoon, the CSI All Index Securities Company Index (399975) rose strongly again, once rising by more than 1.7%. After that, it fluctuated and fell, and stabilized and rebounded in the late trading. As of the close, the Securities Index rose 0.64%, and the securities sector had a turnover of 25.6 billion yuan. Most stocks in the sector rose more and fell less. China Galaxy was close to the daily limit, CITIC Construction Investment rose more than 4%, Caida Securities, Everbright Securities, GF Securities and others followed suit. Shanxi Securities, which led the rise yesterday, fell 3.8% to the bottom of the sector.

[Sectoral Market and Securities ETF (512000) Top 10 leading constituent stocks]

Top 10 heavily held stocks in the securities ETF (512000) are all in the hottest, GF Securities rose 1.61% to lead the weight, and CITIC Securities, Oriental Fortune, China Merchants Securities, etc. rose by more than 1%.

[Broker ETF (512000) Top ten heavily held stocks rise and fall]

As of the close, broker ETF (512000) rose .45% , closing at 0.8877, and trading 6.93300 million yuan.

[Broker ETF (512000) Time-sharing chart]

[Broker ETF (512000) semi-annual report quick review of the semi-annual report of constituent stocks]

Listed securities companies' semi-annual performance in 2022 has also been disclosed. Against the backdrop of large market fluctuations in the first half of the year, the overall performance of securities companies showed a downward trend, with Oriental Fortune, Huaan Securities, Guolian Securities, Huaxin Shares, and China Galaxy achieving "double increase" year-on-year operating income and net profit.

As the market gradually stabilized and rebounded in the second quarter, the performance of listed securities companies in the second quarter has begun to recover. In the second quarter, the net profit attributable to shareholders of 49 brokerage stocks increased by 116% in the second quarter. There were 34 brokerage stocks with positive month-on-month growth rate, accounting for 69%, and the net profit of 19 brokerage stocks increased by more than 100% month-on-month.

[ Institution: sector has a lot of room for upward valuation, pay attention to advantageous securities companies ]

CICC Securities believes that the performance fluctuations in the securities industry are highly correlated with capital market fluctuations. The current valuation of brokerage industry has fallen to the historical low since 2018. The security margin is sufficient, the downward elasticity is very small, and there is a lot of room for upward repair. Multiple positive factors that exceed expectations will continue to be released. The sector may usher in the opportunity to repair beyond expectations. From the perspective of segmented business, it is expected that the main increments of brokerage firms in the second half of the year will be in brokerage and investment banking businesses.

In Zhongyuan Securities' view, after full adjustments, and the overall industry operations have returned to normal, , the brokerage index has the potential to challenge the high of 6html in February rebound in the short and medium-term cycles. Based on the latest changes in various market factors, it is expected that the overall operating performance of the parent company of listed securities companies in August 2022 will rebound to a relatively high level since the beginning of this year. It is recommended to actively maintain medium- and long-term attention to the securities sector, and pay attention to small and medium-sized stocks whose low valuations in the sector and whose performance in the second quarter has significantly improved month-on-month.

Shanxi Securities pointed out that has differentiated performance, and pay attention to the advantageous brokerage . As the semi-annual reports are disclosed one after another, the performance of listed securities companies has accelerated. At the same time, due to differences in professional capabilities in subdivided businesses such as investment banking, investment and asset management businesses, performance has differentiated. Recently, the secondary market of the brokerage sector has been active, benefiting from the improvement in performance after the market recovery stimulated by the policy of stabilizing growth, bringing about valuation improvement. It is recommended to pay attention to the recovery of performance in the second quarter, with relatively superior performance securities companies, and wealth management / leading institutional business securities companies.

[ funds are transferred to brokerage ETF (512000) layout the securities sector ]

funds are actively deployed by through 512000.Data shows that as of August 30, the share of brokerage ETF (512000 ) has increased since the beginning of the year by 47.39 00 million shares, with a total net inflow of 43.88 00 million yuan.

[Changes of share of securities companies ETF (512000)]

In terms of financing, the financing purchase amount of securities companies ETF (512000) was 139 million yuan on August 30, and the latest financing balance was 1.547 billion yuan.

2021 brokerage ETF (512000) outperformed 49 constituent stocks, with a winning rate exceeding 77% . To take into account low-cost, high winning rate and high liquidity, high investment tools for high securities sectors!

[Broker ETF (512000) market review]

Broker quotation again during the trading session today, and the intraday high point touched the pressure line and then fell back, and there are still moving average pressures such as 10-day, 60-day, and 120-day above.

Overall, since the big positive line on August 11, the index has been in a state of oscillation. Here, multiple moving averages are bonded and cannot effectively stand on the first half of the year line. In addition, since the index has formed a clear downward trend line since 905 points, the parallel line with 780 points after breaking through in mid-June forms a new downward channel. It is currently below the upper track of the channel, and has been under obvious pressure here many times recently. In terms of

technical indicators, the middle track of the Bollinger band (i.e. the 20-day moving average) is slowly rising. It has been mentioned that it is not ruled out that the possibility of re-retracement of the middle track is not ruled out. It has been retracing this position for three consecutive days. There are signs of narrowing the opening of the Bollinger band, which may give birth to a new round of change; the MACD red column shortens, and the dead cross tends to be trended. Combined with

, the index continues to be under pressure on the upper track of the six-month line and the downward channel. Pay attention to the support of the 20-day moving average below and pay attention to the pressure of the upper track of the channel above.

[Daily K-line of Brokerage Index]

Operation, you can buy brokerage ETF (512000) in batches at low prices. Over-the-counter investors can use the link fund (A: 006098, CCategory: 007531) to grasp the stage market .

[ sector valuation is at the historical bottom area ]

Currently, the latest price-to-book ratio of the CSI All Index Securities Company Index (399975) is 1.38 times PB, lower than the 90% time range in history, and is at the historical bottom area. Driven by long-term positive factors such as improving policies, highly continuous improvement in capital market construction, driving demand for wealth management, and continuous opening of financial market innovation, the value of sector allocation is significant.

[Risk Warning] The underlying index tracked by securities ETF is the CSI All Index Securities Company Index (399975). The base date of the CSI All Index Securities Company Index was June 29, 2007, released on July 15, 2013. The historical performance of the index was backtested based on the current constituent stock structure simulation of the index. Its index constituent stocks may change, and its backtest historical performance does not indicate the index's future performance. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors are responsible for any investment behavior that is determined independently. In addition, any viewpoints, analysis and forecasts in this article do not constitute any form of investment advice to readers, and the Company shall not be liable for direct or indirect losses arising from the use of the content of this article. Investors should read the legal documents such as "Fund Contract", "Recruitment Prospectus", and "Fund Product Information Summary" in detail to understand the specific situation of the fund and the risk-return characteristics of the fund. Different sales institutions adopt different risk assessment methods, and their risk level evaluation may be different from the risk-return characteristics in fund legal documents. When purchasing this fund, investors must complete the matching test between risk tolerance and product risks in accordance with the requirements of the sales institutions. The market is risky, so you must be cautious when investing.

This article comes from the financial industry