证券行业周报：或维持整理格局

Investment Rating - The report maintains an "Overweight" rating for the securities industry [6] Core Views - The national economy has shown resilience and stable growth in April, despite external shocks and internal challenges, supported by proactive macro policies [8][17] - The securities industry index underperformed the CSI 300 index, with only one stock rising and 48 stocks declining during the last week [19][33] Summary by Sections Market Review - From May 19 to May 23, the CSI 300 index decreased by 0.18%, while the securities industry index fell by 2.26% [19] - Within the sector, only one stock increased in value, while 48 stocks experienced declines [19] Securities Sector Performance - The top five performing stocks were Xiangcai Securities, Founder Securities, Guosen Securities, Southwest Securities, and Huaxi Securities [20] - The bottom five performing stocks were Jinlong Securities, Xinda Securities, Guosheng Financial Holdings, China Galaxy Securities, and Dongfang Caifu [21] Investment Strategy - The report suggests that the securities industry may continue to maintain a consolidation pattern, as the sector's performance has lagged behind the broader market [33]