证券行业周报：上周板块内个股全面上涨-20250821

Investment Summary - The core viewpoint of the report indicates that the securities sector has shown strong performance, with a significant increase in the sector index by over 8% last week, outperforming the Shanghai and Shenzhen 300 Index [3][22]. - The report highlights that the overall industrial added value in July 2025 grew by 5.7% year-on-year, with a month-on-month increase of 0.38% [1][7]. Market Review - During the week of August 11-15, the Shanghai and Shenzhen 300 Index experienced a rise of 2.37%, while the securities industry index surged by 8.19%, indicating a robust performance across individual stocks in the sector [2][10]. - The top five performing stocks in the securities sector included Guosheng Jinkong, Great Wall Securities, Bank of China Securities, Dongfang Fortune, and Tianfeng Securities, while the bottom five were Guotai Haitong, Caida Securities, China Merchants Securities, Dongxing Securities, and Shenwan Hongyuan [11][12]. Sector Analysis - The report emphasizes the high elasticity of the securities sector, suggesting that its strong performance is indicative of its potential for volatility and growth [3][22]. - The valuation of the securities sector is considered relatively reasonable based on data since January 2022, although the report cautions investors about the inherent high volatility characteristics of the sector [22][24].