券商板块爆发！证券ETF南方(512900)加速上攻涨超7%，国盛金控涨停，证券行业景气上行趋势未改

Core Viewpoint - The Southern Securities ETF (512900) has shown significant upward movement, reflecting a strong performance in the securities sector, driven by favorable monetary policy and market conditions [1][2]. Group 1: ETF Performance - The Southern Securities ETF (512900) surged over 7% in the afternoon trading session on September 29, 2025, with a transaction volume of 118 million yuan [1]. - As of September 26, 2025, the latest share count for the Southern Securities ETF reached 6.302 billion, marking a three-month high [2]. Group 2: Market and Policy Insights - The People's Bank of China held its monetary policy committee meeting on September 23, 2025, emphasizing the need for a moderately loose monetary policy to support high-quality economic development and stabilize the capital market [2]. - West Securities noted that the securities industry remains in an upward trend, characterized by relative undervaluation and high year-on-year performance growth, indicating potential for valuation recovery [2]. - Open Source Securities highlighted rising risk aversion ahead of the National Day holiday, but maintained a positive long-term outlook for the securities and financial sectors, suggesting a "hold through the holiday" strategy due to low valuation levels [2]. Group 3: Index Composition - The Southern Securities ETF closely tracks the CSI All Share Securities Company Index, which categorizes companies into various industry levels, providing a comprehensive analysis tool for investors [3]. - The top ten weighted stocks in the index include prominent firms such as Dongfang Wealth, CITIC Securities, and Huatai Securities, among others [3].