Sou Hu Cai Jing·2026-01-06 06:38Core Viewpoint - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index surpassing a nearly 10-year high, indicating a bullish sentiment in the market and a potential for continued growth in the securities sector [1][2]. Group 1: Market Performance - On January 6, the A-share market showed a strong performance, with the Shanghai Composite Index rising over 1%, marking a new high not seen since July 2015, and aiming for a 13-day winning streak [1][2]. - The securities ETF (560090) saw a significant increase of over 3%, with trading volume exceeding 300 million yuan, indicating strong investor interest [1]. - Major securities firms such as Huayin Securities and Huatai Securities experienced substantial gains, with some stocks hitting the daily limit [1][2]. Group 2: Industry Outlook for 2026 - The securities sector is expected to see a "Davis Double" effect in 2026, with a projected overall profit growth of 12%, although there will be increased differentiation among individual firms [3][4]. - Policy support is anticipated to catalyze growth, with a focus on normalizing IPO issuances and expanding product offerings, which could enhance market liquidity [3][4]. - The trading environment is expected to provide a safety net, with improved institutional holdings and valuation levels, suggesting a favorable outlook for the securities industry [3][4]. Group 3: Investment Strategy - The securities ETF (560090) is highlighted as an efficient investment tool for gaining exposure to the securities sector, tracking the CSI All Share Securities Companies Index [4]. - The market is characterized by high trading activity and supportive policies, creating multiple catalysts for the securities sector [4].