券商终结5连阴，何时启动？牛市寻找性价比，逾50亿“耐心资金”涌入顶流券商ETF（512000）

Market Overview - On September 5, A-shares experienced a significant rebound, with the Shanghai Composite Index rising over 1% to reclaim the 3800-point mark, ending a three-day decline [1] - The ChiNext Index surged by 6.55%, reaching a new high since January 2022 [1] - Analysts indicate that the recent market volatility is not due to substantial negative factors, but rather a correction following previous gains and profit-taking [1][3] Broker Sector Performance - The broker sector saw a positive response, with the top broker ETF (512000) rising by 0.67%, ending a five-day losing streak, and achieving a trading volume of 1.486 billion yuan [1] - Most broker stocks closed in the green, with notable gains from Nanjing Securities (up 4%) and several others rising over 1% [3] - The broker sector has maintained a fluctuating correction trend, with investors actively buying on dips, indicating strong "bottom-fishing" sentiment [3] Fund Inflows and Market Sentiment - The broker ETF (512000) has attracted a total of 1.948 billion yuan over six consecutive days, with a cumulative net inflow of 5.057 billion yuan over the past 20 days [3] - The strong performance of the broker sector is linked to its close relationship with capital market activities, suggesting a positive outlook as market risk appetite increases [3][7] Future Outlook - Analysts from Great Wall Securities remain optimistic, expecting continued monetary and fiscal support, which historically has helped the stock market withstand external risks [1] - The broker sector's valuation remains relatively low, with the price-to-book ratio (PB) of the index at 1.56, indicating potential for future growth [3] - Western Securities notes that the capital market's total market value to household deposits ratio is currently low, suggesting room for growth and continued inflows into the stock market [5] Investment Strategy - The broker ETF (512000) is highlighted as an efficient investment tool, encompassing a diverse range of broker stocks, with a significant portion allocated to leading firms [7] - The ETF has surpassed 30 billion yuan in size, with an average daily trading volume of 948 million yuan, positioning it as a leading product in the A-share market [7]