Daily data tracking
Three major indexes: the Shanghai index closed up 0.04%, the Shenzhen composite index closed up 0.37%, and the gem index closed up 0.72%
Shenwanyi sector: electrical equipment, non-ferrous metals and steel sector rose; Callback of comprehensive, food and beverage and transportation sectors
Concept section: lithium ore, power supply equipment and photovoltaic roof concept rise; Covid-19 pneumonia detection, papermaking and anti-cancer
Transaction and northbound funds: the transaction between the two cities was about 864.2 billion yuan, a decrease from the previous trading day; The net capital inflow from going north is about 3.453 billion yuan
Hot spot tracking: Comments on the securities industry
From the perspective of driving force, the direct reason for the high profit growth of securities companies in the past 21 years is mainly the gradual promotion of wealth management performance and the continuous development of brokerage and investment banking business. The "multiplier effect" brought by the growth of wealth management scale drives the continuous improvement of the business scale of securities companies; Brokerage and investment banking businesses benefited from the high market boom, the reform of registration system, the establishment of Beijing stock exchange and other multi-level market construction, continued to grow and promote the performance growth of securities companies.
From the perspective of the general environment of the capital market, in recent years, with the promotion of the reform of the capital market and the improvement of residents' financial management concept, the national wealth has accelerated to flow into the capital market, providing a broad space for the business expansion of securities companies, so that the performance of securities companies continues to maintain high growth. Superimposed on the macro policy level, wide liquidity and good credit, the brokerage sector ushered in the double boom of policy and industry.
Under the background of continuous good performance, it coincides with the current market is in the stage of style switching, and the sale of Xinji is cold in the short term. As a sector with relatively high performance and undervalued value in non bank, securities companies are suitable to start layout. For the companies under this sector, in terms of industry configuration, we are mainly optimistic about the growth companies of wealth management track and the head value companies with undervalued value for a long time. Focus on the companies with differentiated management in the main line of wealth management investment and the head companies with strong business ability and comprehensive strength, obvious moat advantages and in the stage of valuation repair, waiting for the improvement of valuation and performance.
Risk tip: the stock market has risks, and investment should be cautious
