2 1 Shi Ji Jing Ji Bao Dao·2025-11-19 06:36Core Viewpoint - The securities sector shows signs of recovery despite a slight decline in the index, with significant trading activity in the only billion-scale securities ETF in the Shenzhen market, indicating ongoing investor interest in the sector [1][2]. Group 1: ETF Performance - The CSI All Share Securities Company Index fell by 0.18%, with a drop of nearly 0.5% at one point during the afternoon session [1]. - The securities ETF (159841) recorded a trading volume exceeding 200 million yuan, with a net subscription of 9.6 million units [1]. - Over the past ten trading days, the ETF has seen a net inflow of over 500 million yuan, bringing its total size to 10.703 billion yuan [1]. Group 2: Industry Performance and Outlook - The overall performance of the securities and insurance sector remains stable, with 46 brokerages reporting a total net profit of 69.9 billion yuan, a year-on-year increase of 59% and a quarter-on-quarter increase of 25% [2]. - Brokerage business revenue grew by 90.6% year-on-year, driven by improved equity investment returns and underwriting profits [2]. - Despite a lack of major catalysts this year, the securities and insurance sector is considered to have strong elasticity, making it a potential area of interest for investors [2]. - The brokerage sector is expected to benefit from increased allocation of equity assets by institutions and long-term capital inflows, which could enhance performance [2].