A股顶流券商ETF（512000）午后直线冲高逾3%%，成交接近18亿元！此前4日，512000连续吸金合计超19亿元！ 牛市氛围愈演愈烈！8月22日盘中，沪指突破3800点关口，继续刷新10年新高！"牛市旗手"高歌猛进，光大证券、信达证券双双涨停，广发证券涨 超5%。 兴证策略也认为，在这轮"健康牛"中，券商作为行情逻辑的载体，当前估值不算高，且仍是"人少的地方"，后续值得重点关注。 有行情，买券商！A股顶流券商ETF（512000）及其联接基金（007531）被动跟踪中证全指证券公司指数，一键囊括49只上市券商股，近6成仓位 集中于十大龙头券商，另外4成仓位兼顾中小券商的业绩高弹性，最新基金规模超285亿元，年内日均成交额达8.79亿元，是券商行业最具代表性的 ETF之一。 数据来源：沪深交易所等。 风险提示：券商ETF被动跟踪中证全指证券公司指数，该指数基日为2007.6.29，发布于2013.7.15。指数成份股构成根据该指数编制规则适时调整。 文中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓信息和交易动向。基金管理人评估的本基 金风险等级为R3-中风险，适宜 ...

8月18日，见证历史！沪指盘中上探3745.94点，创10年新高！A股公司A股市值总和突破100万亿元，为 历史首次！市场人气爆棚，放量成交2.81万亿元创年内新高。 牛市氛围浓厚，"旗手"定有表现。本轮行情领头羊长城证券四连板，华林证券、湘财股份双双涨超 6%。"券茅"东方财富大涨4%，成交450.44亿元再创年内天量，继续霸居A股断层第一，领先第二名近 300亿元之多。 A股顶流券商ETF（512000）全天宽幅震荡，振幅超4%，盘中涨幅一度冲刺3%，场内价格收涨1.13%， 成交32.29亿元，量价续刷年内新高！全天维持溢价交易，显示买盘资金尤为强势，或有大额资金介 入。 近期，券商板块利好不断，催化密集。 首要刺激或系慢牛格局下，市场活跃度提升。随着慢牛演绎，作为与市场行情联动性较强的板块，券商 β属性或将充分演绎、释放。近期A股成交额连续超2万亿元，未来随着行情继续演绎，市场人气有望维 持高位，进一步推动券商行情。 基本面上，券商行业2025年中报陆续出炉，喜报频发。首批公布的5家券商归母净利润均实现同比两位 数增长，其中"券茅"增速达37.27%，浙商证券、华安证券、国元证券同比增速均超40%。 ...

Core Viewpoint - The A-share market is experiencing a significant bullish trend, with the Shanghai Composite Index surpassing its previous high from February 2021, reaching 3738.59 points, marking the highest level since August 2015 [1] Group 1: Market Performance - On August 18, the Shanghai Composite Index rose over 1%, crossing the 3731.69 point mark from February 2021 [1] - The top-performing broker ETF (512000) saw a peak increase of 2%, setting a new annual high, with real-time trading exceeding 1.8 billion yuan [1] - The trading volume for the broker ETF indicates strong buying interest, with a total transaction exceeding 1.8 billion yuan [1] Group 2: Key Stocks and Developments - Changcheng Securities led the current market rally, achieving a four-day consecutive limit-up [1] - Western Securities experienced a significant increase of over 6% following the approval of its acquisition of Guorong Securities on August 15 [1] Group 3: Broker Sector Insights - The current market is characterized as a "healthy bull" driven by national strategic directions, policy support, and the emergence of new growth drivers, which are enhancing market confidence and attracting new capital [2][3] - The broker sector is expected to benefit from increased market activity, with trading volumes consistently exceeding 1 trillion yuan since September of the previous year, and recently surpassing 2 trillion yuan [3] - The allocation to the broker sector remains low, indicating potential for significant returns as the market continues to evolve [4] Group 4: Valuation and Investment Strategy - The current price-to-earnings (PE) ratio for the broker sector is near its average since 2010, and the broker/bank PE ratio remains at a relatively low level compared to recent years [5] - Given the favorable valuation and low market participation, brokers are positioned as a key focus for future investments [6] - The top broker ETF (512000) tracks the CSI All Share Securities Companies Index, encompassing 49 listed broker stocks, with nearly 60% of its holdings concentrated in the top ten leading brokers [6]

兴证策略最新认为，在国家战略方向指引下，叠加关键时刻的政策与资金托底、新动能的持续显现，带动市场信心活化、增量资金入市不断形 成合力之下，当前市场正在经历"健康牛"。建议重点关注券商这个"健康牛"演绎的直接载体： 1、未来一个阶段内，随着"健康牛"演绎，作为与市场行情联动性较强的板块，券商β属性也将充分演绎、释放。 2、市场活跃度提升，也将对券商板块形成催化。去年9月底以来市场成交额长期保持在万亿以上，近期更连续超2万亿。未来随着行情继续演 绎，市场成交有望保持活跃，进一步推动券商行情。 A股"牛味"十足，8月18日早盘，沪指继续突破，最高触及3731.55，为2015年8月21日以来次高，极限逼近2021年2月18日高点3731.69。 牛市一到，券商就躁！ "牛市旗手"继续上攻，A股顶流券商ETF（512000）盘中水下拉起后持续走强，最高上探2%，场内价格续创年内新 高！实时成交快速突破15亿元！ 成份股方面，本轮行情领头羊长城证券再度涨停斩获四连板！西部证券大涨超6%，消息面，8月15日，西部证券收购国融证券的申请正式获 批。 | स्त्रेष्ठ | | 多日 1分 5分 15分 30分 | ୧୦ ...

Group 1 - A-shares are experiencing a strong bullish trend, with the Shanghai Composite Index reaching a high of 3731.55, the second highest since August 21, 2015, and approaching the February 18, 2021 high of 3731.69 [1] - The top-performing broker ETF (512000) saw a price increase of up to 2% during the session, with trading volume exceeding 1.5 billion yuan, marking a new high for the year [1] - Leading stocks in this rally include Changcheng Securities, which achieved a four-day limit-up, and Western Securities, which rose over 6% following the approval of its acquisition of Guorong Securities [1] Group 2 - According to Xingsheng Strategy, the market is currently experiencing a "healthy bull" phase, driven by national strategic direction, supportive policies, and continuous new momentum, which is enhancing market confidence and attracting incremental capital [3] - The broker sector is expected to fully demonstrate its beta attributes as the "healthy bull" unfolds, with increased market activity likely to catalyze the broker sector [3] - The average trading volume has remained above 1 trillion yuan since September last year, with recent figures exceeding 2 trillion yuan, indicating sustained market activity that could further boost broker performance [3] - Current allocation levels in the broker sector are still relatively low, suggesting potential for excess returns as the market evolves [3] - The PE valuation of the broker sector is near its average since 2010, and the broker/bank PE ratio remains at a relatively low level compared to recent years, indicating that brokers are worth monitoring and allocating to in this bull market [3] Group 3 - The top broker ETF (512000) and its linked fund (007531) track the CSI All Share Securities Company Index, encompassing 49 listed broker stocks, with nearly 60% of the portfolio concentrated in the top ten leading brokers [4] - The fund has a scale exceeding 26.7 billion yuan, with an average daily trading volume of 850 million yuan this year, making it one of the most representative ETFs in the broker industry [4]

彻底爆了！8月15日午后，"牛市旗手"火力全开，A股顶流券商ETF（512000）狂飙5.5%连续刷新年内新高，成交快速突破20亿元，超越昨日 全天成交额！ 40只成份股全部上涨，长城证券封死涨停走出三连板，天风证券涨停，中银证券亦触及涨停，"券茅"东方财富飙升近11%成交突破310亿元！ | | 分时 多日 1分 5分 15分 30分 | | ୧୦સ્ત્ર 11 | | Eg | 盘前盘后 零加 九转 画线 丁具 | રેજુ (2) | 券商ETF 1 | | 512000 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 512000[券商ETF] 13:34 价 0.625 涨跌 0.032(5.40%) 均价 0.610 成交量 11.26万 IO. | | | | | | | | 0.626 | | | | | | | 56% | 0.625 | | +0.032 +5.40% | | 0.615 | | | | | | | 3.71% | | SSE CNY 13:34:22 交易中 ...

Group 1 - The A-share market is experiencing a significant rally, with the leading brokerage ETF (512000) surging by 5.5% and continuously reaching new highs for the year, with trading volume exceeding 2 billion yuan [1] - All 40 constituent stocks of the ETF saw gains, with notable performances from Changcheng Securities, Tianfeng Securities, and Dongfang Caifu, which rose nearly 11% with trading volume surpassing 31 billion yuan [1] - The increase in non-bank deposits in July, amounting to 2.14 trillion yuan, reflects a trend of residents shifting their savings towards financial products, likely influenced by the ongoing "slow bull" market [2][3] Group 2 - The chief economist of Zheshang Securities indicated that the recovery of the capital market and declining interest rates are driving the shift of resident deposits, creating a "seesaw effect" between resident and non-bank deposits [3] - Analysts from Zhongjin Company suggest that the current market trend is not over, recommending attention to brokerage and insurance sectors that benefit from increased resident capital inflow [3] - The top brokerage ETF (512000) and its linked fund (007531) track the CSI All Share Securities Company Index, with nearly 60% of its holdings concentrated in the top ten leading brokerages, and the fund size exceeding 26.2 billion yuan [3]