Last week's market review of the securities sector: last week (2022.2.282022.3.6), after the low and weak shock, the securities index hit a new low in this round of adjustment on Friday. The overall performance was weaker than expected, but the decline was significantly narrowed month on month. CITIC's secondary industry index securities II fell 1.05% throughout the week, outperforming the CSI 300 index by 0.63 percentage points; Compared with 30 CITIC primary industry indexes, it ranked 18th, up 5 places month on month. Last week, the performance of the securities sector continued to be weak, but more than half of the stocks have shown resistance to decline, and more than half of the stocks closed up or fell less than 1%. Last week, the performance of some remote sub new securities companies and head securities companies was still poor, leading the decline of the sector, which dragged down the securities company index. Last week, the average p / b of the securities sector was 1.437 times the highest and 1.413 times the lowest. The highest and lowest were lower month on month. As of the closing on March 4, 2022, the average p / b of securities companies is 1.413 times.
Key announcements of listed securities companies: 1 Citic Securities Company Limited(600030) issued the announcement on the issuance results of H-share allotment.
\u3000\u30002. China Industrial Securities Co.Ltd(601377) , Soochow Securities Co.Ltd(601555) , Huaan Securities Co.Ltd(600909) issued the performance express of 2021.
\u3000\u30003. Boc International (China) Co.Ltd(601696) , Tianfeng Securities Co.Ltd(601162) issue the announcement on the progress of shareholder reduction.
\u3000\u30004. First Capital Securities Co.Ltd(002797) release the pre disclosure announcement of shareholders' proposed reduction of shares.
\u3000\u30005. Tianfeng Securities Co.Ltd(601162) issued an announcement on the progress of repurchase of a shares.
\u3000\u30006. Southwest Securities Co.Ltd(600369) release the announcement that the controlling shareholder intends to participate in the refinancing securities lending business.
\u3000\u30007. Guolian Securities Co.Ltd(601456) issue the announcement that the public issuance of corporate bonds has been approved by the CSRC.
\u3000\u30008. Hongta Securities Co.Ltd(601236) issue the announcement of pledge of shareholders' shares.
Investment suggestion: in a short period of time, the brokerage index has been in an oversold state. First observe whether it can effectively stop the decline, and the overall trend of weak shock consolidation will remain. It is expected that the brokerage sector will still focus on the structural market, and the scope and strength depend on the overall performance of the sector.
Risk tips: 1 The short-term growth rate is too fast and the growth rate is too large, resulting in the rapid adjustment of securities companies; 2. The weakening of the secondary market of equity and fixed income leads to the failure of continuous improvement of various businesses in the securities industry; 3. The progress and strength of comprehensively deepening the reform of the capital market are less than expected.
