A股回调日，“旗手”发力力挺，顶流券商ETF（512000）放量上探1%，单日大举吸金8.2亿元

Core Viewpoint - The A-share market is experiencing strong upward momentum, with significant trading activity and a likely continuation of high growth in the securities industry for Q3, driven by low base effects and increasing investor confidence [1][3]. Group 1: Market Performance - On October 10, A-shares opened lower after a strong breakout, with the three major indices collectively declining, while leading brokerage stocks showed resilience [1]. - The 300 billion top-tier brokerage ETF (512000) surged by 1.32%, with a trading volume exceeding 5 billion yuan within the first half hour of trading, indicating heightened trading sentiment [1]. - The brokerage sector saw widespread gains, with stocks like Jinlong Co. rising over 7%, GF Securities up over 5%, and Guosen Securities increasing by over 4% [4]. Group 2: Industry Outlook - Analysts predict that the securities industry's Q3 performance will likely show significant year-on-year growth due to increased trading activity and margin financing, supported by low base effects [3]. - The investment value of brokerage stocks is being confirmed as the capital market trends upward and risk appetite increases, making it a relatively undervalued sector with high growth potential [3]. - The 300 billion top-tier brokerage ETF (512000) recorded a net inflow of 818 million yuan in a single day, with a cumulative net inflow of 5.433 billion yuan over the past 20 days, reflecting strong investor interest [3]. Group 3: Valuation Metrics - As of October 9, the price-to-book ratio (PB) of the index tracked by the brokerage ETF (512000) was 1.58, placing it in the mid-low range of the past decade, highlighting its valuation attractiveness in a bullish market environment [8].