连续20日“吸金”累计近25亿元，券商ETF（159842）盘中溢价，机构：板块配置正当时

Group 1 - The A-share market opened lower on September 24, with the securities sector also experiencing a decline, as indicated by the slight drop of 0.17% in the broker ETF (159842) [1] - The broker ETF has seen a continuous net inflow of funds for 20 trading days, accumulating nearly 2.5 billion yuan [1] - China Galaxy Securities believes that the government's policies aimed at stabilizing growth and boosting the capital market will continue to influence the sector's future direction, with a favorable liquidity environment and improved investor confidence contributing to the upward trend in the securities sector [1] Group 2 - According to招商证券, the capital market is expected to maintain a positive outlook in the first half of 2025, with a projected total revenue of 557.2 billion yuan for the brokerage industry, representing a 24% year-on-year increase [2] - The net profit for the brokerage industry is anticipated to reach 228.5 billion yuan, reflecting a 37% year-on-year growth, with ROE expected to rise to 7.01% [2] - Short-term investment focus is recommended on smaller brokerages with higher elasticity, while long-term prospects are favorable for leading brokerages with cross-border business strategies [2]