两融余额迭刷纪录，券商ETF（159842）规模创历史新高，机构：建议关注券商板块投资机遇

Core Viewpoint - The recent surge in margin financing balances and the performance of the brokerage ETF indicate a positive outlook for the securities industry, driven by increased market activity and confidence in future growth [1][2][3] Group 1: ETF Performance - The brokerage ETF (159842) opened slightly lower on September 26, with a decline of 0.34% and a premium trading rate of 0.03% [1] - As of September 25, the brokerage ETF has seen a net inflow of nearly 2.5 billion yuan over 22 consecutive trading days, reflecting strong investor interest [1] - The ETF's circulating scale reached a historical high of 6.543 billion yuan, with a total of 5.642 billion shares, marking a year-to-date growth rate of 214.64%, the highest among similar products [1] Group 2: Margin Financing Growth - The margin financing balance in the A-share market reached a record high of 2.43 trillion yuan on September 24, with a single-day increase of over 14 billion yuan [2] - Brokerages are increasing their margin financing limits, with Zhejiang Securities raising its limit from 40 billion yuan to 50 billion yuan, indicating confidence in market conditions [2] - The continuous rise in margin financing balances suggests an improvement in market risk appetite and a generally loose liquidity environment in the A-share market [2] Group 3: Market Activity and Brokerages' Outlook - The market's trading activity has significantly increased, supported by ongoing capital market reforms and enhanced financial policies [3] - Brokerages are expected to benefit from the improving fundamentals, with daily trading volumes and margin financing continuing to grow [3] - There are opportunities for brokerages to explore overseas business growth and leverage competitive advantages for steady performance improvement [3]