Last week’s market review of the securities sector: last week (2022.3.212022.3.27), the securities index failed to continue the rebound correction trend, and the shock weakened again throughout the week, with the performance weaker than expected. CITIC’s secondary industry index securities II fell 3.59% throughout the week, losing 1.45 percentage points to the Shanghai and Shenzhen 300 index; Compared with 30 CITIC primary industry indexes, it ranked 26th, down 24 places month on month. While the brokerage sector turned into a general decline again last week, the decline of individual stocks expanded. Last week, the average p / b of the securities sector was 1.36 times the highest and 1.32 times the lowest, with the highest month on month lower and the lowest month on month higher. As of the closing on March 25, 2022, the average p / b of securities companies is 1.32 times.
Industry highlights: 1. On March 22, 2022, the CSRC held the 2022 Conference on comprehensively administering the party strictly and discipline inspection and supervision.
Key announcements of listed securities companies: 1 With a long term of the \ , Central China Securities Co.Ltd(601375) plans to hold a performance presentation meeting in 2021.
\u3000\u30002. China Merchants Securities Co.Ltd(600999) , Everbright Securities Company Limited(601788) , Chinalin Securities Co.Ltd(002945) , Zheshang Securities Co.Ltd(601878) , Guolian Securities Co.Ltd(601456) , Central China Securities Co.Ltd(601375) issued the annual report of 2021.
\u3000\u30003. Soochow Securities Co.Ltd(601555) issued the implementation results and share change announcement on the sale of shares repurchased in 2019.
\u3000\u30004. Caitong Securities Co.Ltd(601108) issued a suggestive announcement on the continuous suspension of trading of “CAITONG convertible bonds” during the issuance of allotments.
\u3000\u30005. Sealand Securities Co.Ltd(000750) issued an announcement on receiving the decision on administrative punishment from China Securities Regulatory Commission.
\u3000\u30006. Gf Securities Co.Ltd(000776) , China Galaxy Securities Co.Ltd(601881) , Soochow Securities Co.Ltd(601555) , Sinolink Securities Co.Ltd(600109) announce the completion of the issuance of short-term financing bonds.
\u3000\u30007. Shenwan Hongyuan Group Co.Ltd(000166) , Guosen Securities Co.Ltd(002736) , Northeast Securities Co.Ltd(000686) release completed public offering to professional investors
Announcement of corporate bonds.
Investment suggestion: in a short cycle, the securities sector will still maintain the trend of weak shock at the bottom of the market, and the probability of large decline again is low. It is expected that the brokerage sector will still focus on the structural market, and the scope and strength depend on the equity index and 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;
\u3000\u30002. 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.
