CLS(SZ:002945) Sou Hu Cai Jing·2026-01-07 06:22Core Viewpoint - The A-share market experienced a rise and subsequent decline, with the Shanghai Composite Index nearing 4100 points before all three major indices turned negative in the afternoon session [1] Group 1: Market Activity - The brokerage sector saw significant activity, with Huayin Securities achieving two consecutive trading limits, although the sector weakened in the afternoon [1] - On the previous day, the brokerage sector experienced a notable increase, with a total of 14.549 billion yuan in net inflows, leading all secondary industries in the Shenwan classification [3] - Major brokerages such as Dongfang Caifu, Guotai Junan, Huazheng Securities, and CITIC Securities each received over 1 billion yuan in inflows [3] Group 2: Fund Flows and Leverage - Leverage funds showed substantial increases, with Dongfang Caifu receiving a net financing inflow of 955 million yuan, marking a three-month high [3] - The brokerage sector is expected to benefit from trends such as the migration of household deposits, active market trading, and regulatory easing of leverage limits for quality brokerages [3] Group 3: Future Outlook - Analysts from Galaxy Securities indicated that policies aimed at "stabilizing growth and the stock market" will continue to shape the future direction of the brokerage sector, supported by a moderately loose liquidity environment and improved investor confidence [3] - According to Founder Securities, the brokerage sector is poised for clear offensive opportunities due to high earnings growth, capital inflows, and supportive policies, suggesting a potential phase of market activity [3] Group 4: Investment Tools - The brokerage ETF (512000) and its associated funds are designed to passively track the CSI All Share Securities Companies Index, encompassing 49 listed brokerage stocks, making it an efficient investment tool for both large and small brokerages [3]