信达证券分析师流失引关注，股价震荡跑赢行业

Core Viewpoint - Cinda Securities is facing significant analyst turnover, with a total of 9 analysts leaving in just over a month and a cumulative reduction of 17 analysts since Q4 2025, representing a 23% decline, which may impact the stability of its research business [1] Group 1: Analyst Turnover - The departure of analysts coincides with the announcement of China International Capital Corporation's plan to merge with Cinda Securities, potentially affecting the company's research stability [1] - The overall number of analysts in the securities industry has decreased by nearly 100 in the past two months, indicating intensified competition and accelerated industry reshuffling [1] Group 2: Stock Performance - Cinda Securities' stock has shown volatility over the past seven trading days, with a maximum price of 17.96 yuan on February 10 and a minimum of 17.66 yuan on February 9, resulting in a cumulative increase of 0.57% and a fluctuation of 1.70% [1] - The latest closing price on February 13 was 17.77 yuan, with a daily decline of 0.22% and a trading volume of 212 million yuan, reflecting a turnover rate of 0.37% [1] - On February 13, there was a net outflow of 16.1 million yuan from major investors, although there had been net inflows in the previous three trading days [1] - The securities sector faced pressure overall, with the securities II sector dropping by 1.03%, while Cinda Securities performed slightly better than the industry average [1]