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Sudden Change: China-affiliated brokerage stocks surged across the board, with Swhy rising nearly 24%, significantly boosting market sentiment and driving brokerage business.
UBS Group believes that brokerage stocks will benefit from both macroeconomic and capital market support measures. The brokerage stocks listed in Hong Kong covered by the bank's research currently have a price-to-book ratio of only 0.4 times, which is at a historically low level. China International Capital Corporation also believes that the performance, valuation, and positions of the brokerage sector have all hit bottom, recent reserve requirement ratio cuts and interest rate reductions have provided market liquidity, new policy tools support the development of the stock market, internal industry mergers and acquisitions are accelerating, and it advises investors to pay attention to M&A transaction sentiment, market improvements, and rebound opportunities under the catalysis of internal and external policies.
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Trending Stocks Today: CAPITAL VC Shoots up 87.5%
China-affiliated brokerage stocks pull back. Citic Sec (06030) dropped by 10.99%, short-term profit-taking possible.
Kingworld Financial News | Chinese-affiliated brokerage stocks pulled back, as of press time, Orient (03958) fell by 13.82%, Citic Sec (06030) fell by 10.99%, Cisi Fin (06058) fell by 6.98%, China International Capital Corporation (03908) fell by 8.11%, China Galaxy (06881) fell by 4.53%. On the news front, with the recent series of bullish policies catalyzing capital markets, the trading volume in the Hong Kong and A-share markets soared, investors showed strong willingness to enter the market hastily, and the number of brokerage account openings increased by 4-6 times, becoming a common phenomenon. Yesterday, the Hong Kong stock brokerage sector surged, SWhyHK rose by over 200%,
Stocks in Hong Kong fluctuated | Brokerage stocks opened high but then fell back, Citic Securities (06030) dropping more than 10% and Orient Securities (03958) dropping more than 8%.
Brokerage stocks opened higher but then fell. As of the time of writing, Citic Sec (06030) dropped by 10.65%, closing at 25.55 Hong Kong dollars; Orient (03958) dropped by 8.42%, closing at 6.96 Hong Kong dollars; CSC (06066) dropped by 6.73%, closing at 12.2 Hong Kong dollars.
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