China's A-share market performed well on the 3rd, with all major stock indices rising, and the brokerage sector leading the way in gains. According to data from financial data service provider Tonghuashun, the securities sector surged 3.73% that day and has accumulated a rise of over 6% this week. In terms of individual stocks, the stock prices of Fangzheng Securities, Shouchuang Securities, and Guolian Securities rose by 10% on the day. According to media statistics, at least 29 securities firms have disclosed their first half performance reports, forecasts, or unaudited interim results, showing a generally positive performance trend. From the perspective of the upper limit of net profit growth of a single securities firm, Orient Securities and other securities firms forecast that the upper limit of net profit growth in the first half of the year exceeded 100%. Among them, Orient Securities expects to realize a net profit attributable to shareholders of listed companies of 1.8 billion yuan (RMB, the same below) to 2 billion yuan in the first half of the year, an increase of 178% to 209% year on year. Lv Xiuhua, an analyst of Huaxi Securities, said that from the perspective of securities companies that have disclosed their performance forecasts for the first half of the year, the overall net profit increased by about 44% year on year. It is expected that the overall net profit growth of listed securities companies in the first half of the year will be about 24%, showing good performance; In addition, the current valuation of the A-share securities sector is still at a low level, with a high investment value ratio. We are optimistic about the sustainability of the securities market. Zheng Jisha, an analyst at China Merchants Securities, stated that the current A-share securities sector has a low performance base, limited institutional holdings, and low overall valuation, which is expected to usher in a cyclical reversal. It is expected that the revenue and net profit of listed securities firms in 2023 will both increase by about 20% year-on-year against a low base background. Considering that market liquidity is expected to continue to loosen and favorable policies for the industry may accelerate, the securities sector may experience a double increase in valuation and performance. In terms of the overall performance of the market on that day, as of the close, the Shanghai Composite Index was at 3280 points, up 0.58%; The Shenzhen Composite Index closed at 11163 points, up 0.53%; The ChiNext Index closed at 2241 points, up 1.06%. (New News Agency)
Edit：XiaoWanNing Responsible editor：YingLing
Source：China News Network
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