“9·24”行情一周年，昔日反弹先锋高点回撤9%，资金连续23日强势爆买证券ETF

Core Viewpoint - The A-share market is experiencing a rebound, with significant trading activity and a notable inflow of funds into the securities sector, indicating a potential bottoming out and recovery opportunity for investors [1][2]. Group 1: Market Performance - The A-share market showed a strong performance with a half-day trading volume of 1.4 trillion, marking the 85th consecutive trading day with over 1 trillion in total trading volume [1]. - The securities sector, particularly the securities ETF (159841), has seen a decline of over 9% from its peak, yet it has attracted continuous net inflows for 22 consecutive trading days, totaling 3.516 billion [1]. Group 2: Fund Inflows and Investor Behavior - The recent increase in fund inflows is attributed to positive changes in the industry fundamentals, including a decrease in resident deposits and an increase in non-bank deposits, suggesting a shift of funds from savings to the stock market [2]. - The number of new A-share accounts opened in August has surged, with the average daily trading volume reaching 2.25 trillion, surpassing levels seen in September 2024 and June 2015, supporting the trend of residents moving deposits into the market [2]. Group 3: Securities Industry Performance - The securities industry reported a net profit increase of over 40% year-on-year in the first half of the year, with expectations for continued growth in brokerage business as market trading volumes rise [2]. - The total market size of ETFs has exceeded 5.3 trillion, reflecting an increase of over 2.4 trillion, or 85.36%, since the initiation of the "9.24" market rally, highlighting the growing popularity of ETFs as a primary investment tool for residents [2]. Group 4: ETF Characteristics and Opportunities - The securities ETF (159841) is designed to package high-quality listed brokerages, with nearly 60% of its holdings concentrated in the top ten leading brokerages, while the remaining 40% includes smaller brokerages with high earnings elasticity [2]. - Since the outbreak of the "9.24" market rally, the ETF has shown a cumulative increase of over 50% from September 24 to October 8, indicating strong offensive potential for investors looking to capitalize on long-term opportunities in the securities sector [2].