Xin Lang Ji Jin·2025-07-23 12:00Market Overview - A-shares experienced a high and then a pullback, with the Shanghai Composite Index losing and regaining the 3600-point mark. The total trading volume was 1.86 trillion yuan, with over 4000 stocks declining [1][5][11] - The financial sector showed significant movement, with the leading brokerage stock, Dongfang Caifu, achieving the highest trading volume of 19.2 billion yuan. The A-share leading brokerage ETF (512000) rose nearly 3% during the day, closing up 0.88% after a five-day strong performance [1][5][7] Sector Performance Brokerage Sector - The brokerage sector, known as the "bull market flag bearer," showed a clear upward trend, with the brokerage ETF (512000) reaching a new high for the year. The sector's trading volume increased by 63% compared to the previous day [5][11] - Major brokerages like Dongfang Caifu and CITIC Securities saw significant trading volumes, with CITIC Securities rising nearly 4% during the day [7][8] Medical Sector - The medical sector showed signs of recovery, with notable performances from CXO and medical device companies. Stocks like Zhaoyan New Drug and Opu Kangshi hit their daily limit, with the largest medical ETF (512170) reaching a four-month high [1][12][15] - The medical ETF (512170) recorded a trading volume of 10.52 billion yuan, marking a 45% increase from the previous day [12][15] Future Outlook - According to Everbright Securities, August may be a critical month for the market, with attention on the semi-annual reports of listed companies and potential easing of external uncertainties. The market is expected to enter a new phase of upward momentum [2] - The brokerage sector is seen as a good opportunity for investment, with significant net inflows into the sector, indicating a positive feedback loop of capital inflow and market rise [8][11] ETF Performance - The brokerage ETF (512000) and the medical ETF (512170) both showed strong performances, with the former gaining 0.88% and the latter rising 1.14% [2][12] - The medical sector's recovery is supported by positive earnings forecasts from several leading CXO companies, indicating a significant improvement in industry conditions [17][19]