牛市强信号！券商集体起立，还有多少空间？

Group 1 - The brokerage sector experienced a significant surge, with the A-share leading brokerage ETF (512000) rising over 5.7% at one point and closing up 4.89%, achieving a record daily trading volume of 2.747 billion yuan [1] - All 49 brokerage stocks saw gains, with Changjiang Securities and Tianfeng Securities hitting the daily limit, and Dongfang Caifu rising by 9.85% with a trading volume of 44.212 billion yuan [1] - The brokerage industry is currently characterized by a "lagging" trend, with a notable divergence between high growth in industry performance and a mere 10% increase in the SW brokerage index this year [2] Group 2 - Historical data shows that the maximum gains for the brokerage sector in previous years were significantly higher, with increases of 69%, 62%, and 90% in 2019, 2020, and 2024 respectively, compared to the current year's performance [2] - The current PB valuation of brokerage stocks is at a historical low of 1.4 times, indicating substantial potential for valuation improvement as market activity increases [3] - The brokerage ETF (512000) has a fund size exceeding 26.7 billion yuan, with an average daily trading volume of 850 million yuan, making it one of the largest and most liquid brokerage ETFs in the A-share market [3]