2 1 Shi Ji Jing Ji Bao Dao·2026-01-06 03:16Core Viewpoint - The securities sector is experiencing a strong upward trend, driven by a combination of factors including previous undervaluation, new capital inflows, industry mergers, and regulatory easing, leading to a rebound in stock prices [1] Group 1: Market Performance - On January 6, the securities sector showed significant strength, with companies like Huayin Securities, Huazhang Securities, Guotai Junan, and Dongbei Securities leading in gains [1] - The Shanghai Composite Index has seen a 12-day consecutive rise, boosting market sentiment and contributing to the securities sector's rebound [1] Group 2: Investment Outlook - Institutions believe that the overall upward trend in the capital market will likely enhance trading volume and margin financing balances, indicating a positive outlook for the securities industry, particularly for leading firms [1] - Forecasts suggest that by 2026, the earnings of the securities sector may achieve double-digit growth, highlighting the profitability and growth potential of the industry [1] Group 3: Industry Trends - The trend towards specialization, integration, and internationalization in the securities industry is becoming more pronounced, with leading firms excelling in talent management, comprehensive capabilities, and global presence [1] - Quality leading securities firms are expected to benefit from the development of the capital market and the dividends from industry reforms [1] Group 4: ETF Performance - As of the report, the leading securities ETF (159993) rose over 3% with a trading volume exceeding 200 million yuan, indicating strong investor interest [1] - Data from Wind shows that this ETF experienced net inflows on three out of the last five days, reflecting positive market sentiment towards the sector [1]