2 1 Shi Ji Jing Ji Bao Dao·2025-06-11 02:29Group 1 - The A-share market showed strength on June 11, with the ChiNext Index rising over 1.00%, the Shanghai Composite Index up 0.31%, and the Shenzhen Component Index increasing by 0.65% [1] - Nearly 3,200 stocks in the Shanghai, Shenzhen, and Beijing markets rose, with the brokerage sector experiencing a collective surge [1] - The Securities ETF (159841) opened with a 2.89% increase within the first half hour, with a trading volume exceeding 130 million yuan, indicating active trading [1] Group 2 - According to Minsheng Securities, the positive policy tone since the beginning of the year, including interest rate cuts, is expected to support liquidity, with sustained inflows of medium to long-term funds boosting market confidence [2] - Shanxi Securities noted that as capital market reforms deepen, the guiding details of the "Five Major Articles" in finance will gradually be implemented, clarifying the development path for the industry [2] - As of June 6, the average price-to-book ratio for the securities industry was 1.33x, positioned at the 38.20% percentile since 2018, indicating certain investment value [2]