Core Viewpoint - The securities sector is experiencing fluctuations, with the CSI All Share Securities Company Index down by 0.75% as of July 29, 2025, while certain stocks like Bank of China Securities and Tianfeng Securities show gains, indicating mixed performance in the market [1]. Group 1: Market Performance - The CSI All Share Securities Company Index has seen a decline of 0.75% as of July 29, 2025 [1]. - The top-performing stocks include Bank of China Securities, which rose by 3.43%, and Tianfeng Securities, which increased by 2.41% [1]. - Conversely, Dongwu Securities led the decline, with other stocks like Guosen Securities and Xiangcai Securities also experiencing losses [1]. Group 2: Trading Activity - The securities ETF managed by Harvest had a turnover rate of 7.17% during the trading session, with a total transaction value of 17.3861 million yuan [1]. - Over the past year, the average daily trading volume for the Harvest Securities ETF was 94.8745 million yuan [1]. Group 3: Index Composition - As of June 30, 2025, the top ten weighted stocks in the CSI All Share Securities Company Index accounted for 60.45% of the index, with stocks like Dongfang Caifu and CITIC Securities being the most significant contributors [1]. - The index is designed to reflect the overall performance of various industry companies within the securities sector, categorized into multiple levels of industry classification [1]. Group 4: Industry Outlook - According to Xibu Securities, the active trading environment and the upward trend in the equity market suggest a continued recovery in industry sentiment, with potential for both profit and valuation increases in the brokerage sector [3]. - Zhongyuan Securities noted that the brokerage index has been steadily rising, approaching last year's rebound highs, indicating a strengthening overall market structure [4]. - There is optimism that if the capital market remains stable and becomes more active in the second half of the year, the brokerage sector may outperform the market benchmark index [4].