Sou Hu Cai Jing·2025-06-09 05:48Core Viewpoint - The securities sector is experiencing a significant rebound, driven by active stock buybacks and favorable policies, leading to increased investor confidence and market activity [4][5][6]. Industry Summary - The Shanghai Composite Index has recovered above 3400 points, with the Securities ETF leading the charge, showing a 1.83% increase and trading volume exceeding 40 million yuan [1]. - The CSI Securities Company Index rose by 1.85%, with notable individual stock performances, including a 10.01% increase for Xinda Securities and a 7.03% rise for Dongxing Securities [3]. - Several brokerages have initiated share buybacks, with six firms having repurchased 129 million shares for a total of 13.1 billion yuan as of June 5 [4]. - The upcoming Lujiazui Forum on June 18-19 is expected to announce significant financial policies aimed at promoting stable development in the capital markets, which could directly benefit the securities sector [4][6]. Company Summary - The active buyback trend among brokerages is seen as a positive signal to the market, enhancing investor confidence and aligning with regulatory encouragement for companies to optimize their capital structures [5][6]. - The securities industry is expected to benefit from improved liquidity conditions and favorable policies, with optimistic projections for earnings growth in 2025, including a potential 37.7% year-on-year increase in net profit for the first half of 2025 [6].