The three major stock indexes of A shares fell more than 2% of the "bull market flag bearer" collective dumb fire

Economic Observation Network reporter Liang Ji, September 16, 2022, on the third day of A shares, the "bull market flag bearer" was collectively turning off. As of the closing, the Shanghai Stock Exchange Index reported 3126.40 points, down 2.30%; the Shenzhen Stock Exchange Index was reported at 11261.50 points, down 2.30%; the GEM refers to 2367.40 points, down 2.34%.

Choice data shows that 4,261 stocks of Shanghai and Shenzhen cities closed down, and only 581 stocks closed up. Northern orientation funds sold 4.512 billion yuan, and the southbound fund net purchase was 1.402 billion yuan. The total transactions of the two cities were 799.353 billion yuan, the Shanghai market transactions were 355.085 billion yuan, and the Shenzhen city transactions were 444.268 billion yuan.

On the disk, all 31 industries in the next level were green. The non -silver financial sector led the decline market, with a decline of 4.86%; 41 A -share listed brokers closed down, and Internet brokers leading Oriental Wealth (300059.SZ) fell more than 10%.

On September 16, the securities sector was collectively touched, and 41 A -share listed brokers closed down. Guilian Securities (601456.SH), Guangfa Securities (000776.SZ) and CITIC Jiaotou (601066.SH) three brokers fell 7.68%, 7.45%, and 7.00%respectively; Hua'an Securities (600909.SH) fell 2.47 In addition, the remaining 40 securities firms fell more than 3%. "Bonda" Oriental wealth declined by 10.78%, and another Internet brokerage concept stock point needle (300803.SZ) reached 11.03%.

From the perspective of the industry, a number of securities firms have also put pressure on the stock price during the year. On September 14th, CICC (601995.SH) issued an announcement that the proposed shares to fund the fundraising shall not exceed 27 billion yuan; this is also after 2021 CITIC Securities (600030.SH) shares of the offering of 28 billion yuan, the fundraising amount High -sized brokerage distribution plan. On the day of the announcement, CICC's stock price fell severely, and its A shares and H -shares prices fell 9.20%and 7.95%, respectively.

On the news, on September 15th, the General Office of the State Council issued the "Opinions on Further Optimization of the Institutional Trading Cost of the Systems of Markets and Institutional Transactions". Service charges promote the reasonable reduction in financial infrastructure reducing transactions, hosting, registration, liquidation and other costs.

The non -silver team commented that China Merchants Securities was aimed at deepening market -oriented reforms, promoting the sense of gain of investors in the capital market, reducing the cost of friction, and promoting the stability and prosperity of the capital market. However, the cost reduction is not an administrative mandatory behavior. The differentiated competition among the company will further open, and the stronger and special development trend will be further clarified.

Data show that as of now, the average daily basis turnover of the daily basis in the third quarter of this year was 1058.3 billion yuan, a month -on -month+2%, and the average daily integration turnover was 1623.8 billion yuan, a month -on -month+4%. Institution, market activity declines. China Merchants Securities believes that the State Council is expected to stimulate the vitality of the market. Looking forward to the market outlook, the continuation of liquidity is steady, there is a trend of looseness, the reform has continued to advance, and the comprehensive registration system is expected to land before the end of the year. Related measures support the market and catalyze the securities firmer sector.

China Merchants Securities believes that the brokerage sector has a significant super -adjustment in the short term, but the industry currently presents a typical duel of prosperity, and its performance is expected to continue to improve the characteristics of the month. Both are in low historical positions, with a large increase in probability and high return odds.

Xiangcai Securities also stated that in the short term, the performance of self -operated investment in the second quarter of 2022 of listed brokers has improved significantly, driving the performance of the sector to be significantly repaired from the previous month. It is expected that the performance of the brokerage sector is expected to continue to restore the market with the market. In the long run, the trend of the transfer of residents' wealth to the capital market has not changed. After the implementation of the implementation of the system, it will promote the continuous expansion of the capital market and the long -term development of the securities industry. In addition, the current PB valuation of the brokerage sector is at a historical low of 1.29X, and the configuration value is prominent.

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