Review of the market of the securities sector last week: last week (2022.4.4-2022.4.10), under the background of a two-day month on month decrease in the trading day, the securities index fluctuated and consolidated horizontally at a relatively low level, and the cross star was closed on the weekly line. CITIC’s secondary industry index securities II fell 0.57% throughout the week, outperforming the CSI 300 index by 0.49 percentage points; Compared with 30 CITIC primary industry indexes, it ranked 15th, down 6 places month on month. Last week, although the brokerage sector fell more or rose less, the absolute range obviously converged. Last week, the average p / b of the securities sector was 1.35 times the highest and 1.33 times the lowest. The highest was flat and the lowest was higher. As of the closing on April 8, 2022, the average p / b of securities companies is 1.34 times.
Industry highlights: 1. On April 8, 2022, China Securities Regulatory Commission released the construction of a government ruled by law in 2021. 2. On April 9, 2022, Yi Huiman, chairman of the CSRC, delivered a speech entitled “work hard to meet difficulties and strive to create a new situation of high-quality development of listed companies” at the third member congress of the association of listed companies.
Key announcements of listed securities companies: 1 Soochow Securities Co.Ltd(601555) released the annual report of 2021.
\u3000\u30002. Zhongtai Securities Co.Ltd(600918) , Guoyuan Securities Company Limited(000728) , First Capital Securities Co.Ltd(002797) will hold 2021 performance briefing.
\u3000\u30003. Gf Securities Co.Ltd(000776) , Orient Securities Company Limited(600958) release the record form of investor relations activities.
\u3000\u30004. Caitong Securities Co.Ltd(601108) issue suggestive announcement of share allotment.
\u3000\u30005. Boc International (China) Co.Ltd(601696) issue an announcement on the progress of reducing shares held by shareholders holding more than 5% of the original shares.
\u3000\u30006. Nanjing Securities Co.Ltd(601990) issue the announcement on the plan of reducing shareholders’ shares through centralized bidding.
\u3000\u30007. Hongta Securities Co.Ltd(601236) issue the announcement of pledge of shareholders’ shares.
\u3000\u30008. Guosen Securities Co.Ltd(002736) issued the announcement of completing the issuance of short-term corporate bonds to professional investors.
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
