2 1 Shi Ji Jing Ji Bao Dao·2025-08-19 02:26Group 1 - The core viewpoint of the news highlights the active trading and performance of the Securities ETF (159841), which experienced a slight decline of 0.84% with a trading volume exceeding 100 million yuan and a turnover rate of over 1.7% [1][2] - The Securities ETF (159841) has seen a cumulative increase of 8.63% over the past five trading days, making it the top performer among similar ETFs in the Shenzhen market [2] - As of August 18, 2023, the latest scale of the Securities ETF (159841) reached 5.971 billion yuan, positioning it as the largest ETF in the Shenzhen market [2] Group 2 - The Securities ETF (159841) closely tracks the CSI All Share Securities Company Index, which focuses on large-cap securities leaders in the A-share market, including both traditional and fintech leaders [2] - The margin trading balance has surpassed 2.1 trillion yuan as of August 18, 2023, marking a significant milestone as it is the first time in 10 years that the balance has exceeded this level [2] - With the recovery of market risk appetite and increasing trading volume, the average daily trading volume and margin balance in the two markets have both surpassed 2 trillion yuan, indicating a positive outlook for the brokerage industry's performance in the third quarter [2] Group 3 - Huatai Securities expresses optimism regarding the sustained upward trend of equity asset returns, supported by a positive regulatory environment and gradual inflow of resident funds into the market [3] - The brokerage sector is currently viewed as undervalued and underweighted, entering a new phase of performance and valuation recovery in the new market environment [3] - The sector is expected to experience a revaluation trend, driven by the influx of incremental capital allocation [3]