Review of the securities market last week: last week (2022.3.282022.4.3), the securities index strengthened at a relatively low level, and there was a restorative rise again. The weekly line showed a positive line and reverse package. CITIC’s secondary industry index securities II rose 3.68% throughout the week, outperforming the Shanghai and Shenzhen 300 index by 1.25 percentage points; Compared with 30 CITIC primary industry indexes, it ranked 9th, up 17 places month on month. Last week, while the brokerage sector turned to general opposition again, the rise of individual stocks expanded significantly. Last week, the average p / b of the brokerage sector was 1.35 times the highest and 1.32 times the lowest, and the highest and lowest rose synchronously month on month. As of the closing on April 1, 2022, the average p / b of securities companies is 1.35 times.
Industry highlights: 1. On April 1, 2022, the CSRC issued 20 typical illegal cases inspected by the CSRC in 2021. 2. On April 2, 2022, the CSRC, together with the Ministry of finance, the state security administration and the state archives administration, formed the provisions on strengthening the confidentiality and archives management related to overseas securities issuance and listing of domestic enterprises (Exposure Draft), and now solicits opinions from the public.
Key announcements of listed securities companies: 1 For a long time and issue the annual report of 2021.
\u3000\u30002. China Merchants Securities Co.Ltd(600999) , Shenwan Hongyuan Group Co.Ltd(000166) , Sealand Securities Co.Ltd(000750) will hold 2021 performance presentation meeting.
\u3000\u30003. Gf Securities Co.Ltd(000776) , Chinalin Securities Co.Ltd(002945) release the record form of investor relations activities.
\u3000\u30004. Sinolink Securities Co.Ltd(600109) released the performance express of 2021.
\u3000\u30005. Gf Securities Co.Ltd(000776) issue the repurchase report on the repurchase of A-Shares by means of centralized bidding.
\u3000\u30006. Changjiang Securities Company Limited(000783) issued an announcement on the stock pledge repurchase transaction conducted by the largest shareholder.
\u3000\u30007. Tianfeng Securities Co.Ltd(601162) issue the announcement on the progress of repurchase of A-Shares and the transfer of some shares of the company through shareholders’ agreement.
\u3000\u30008. Caitong Securities Co.Ltd(601108) issue suggestive announcement of share allotment.
Investment suggestion: in a short period of time, the brokerage sector will still maintain the trend of shaking the bottom of the market, and the space for continuous upward repair is limited. 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 weakening of the equity and fixed income market environment led to the decline of the overall operating performance of the industry; 2. Market fluctuation risk; 3. The progress and strength of comprehensively deepening the reform of capital market are less than expected
