On Wednesday, brokerage stocks rose and fell, and the share prices of Oriental Wealth and CITIC Securities once hit a record high. As of press time, Oriental Fortune rose by more than 6%, with a turnover of more than 50 billion yuan, setting a new historical turnover record; CITIC Securities rose more than 4%, with a turnover of more than 27 billion yuan.
At the same time, the three major A-share indexes fluctuated and fell, and the Shanghai Composite Index once fell below 3,300 points. As of press time, the Shanghai Composite Index fell 5.1%, the Shenzhen Component Index fell more than 6%, and the ChiNext Index fell to 8%.
Huatai Securities Research Report said that the current brokerage sector enjoys the double click of "strong policy support + positive feedback loop", the central bank's first structural monetary policy tools, the Politburo meeting first mentioned "efforts to boost the capital market", long-term funds into the market and other supporting reforms are multi-pronged. The increase in new account openings is obvious, the net inflow of ETFs continues, and the entry of funds accelerates. On October 8, the State Council Information Office will hold a press conference to systematically implement a package of incremental policies, which may continue to boost market sentiment. It is recommended to grasp the investment opportunities under the return of market confidence, pay attention to high-quality head low-valuation brokerages, brokerages with mergers and acquisitions and restructuring expectations, and brokerages with high flexibility in investment performance and benefit from the rebound of market prosperity.
(This article is from Yicai)