Securities ETF (512880) has risen slightly. In the past 5 days, net inflow exceeding 450 million yuan, CICC has risen by more than 2%

CICC rose over 2%, and Founder Securities, Shanxi Securities, and Northeast Securities rose.Securities ETF (512880) rose slightly, with a turnover of over 430 million yuan, and the net inflow of over 450 million yuan in the past 5 days.

Great Wall Securities believes that some risk incidents have recently disturbed, affecting market emotions, the market has shown a vibration pattern, and the financial sector has basically continued to show a consolidation trend, and the valuation of the securities sector continues to fall to 1.26 times PB.In the short term, the disclosure of some interim performance previews in the securities sector is generally lower than expected, but it is expected that the lowest point of the fundamentals may have passed. The performance improvement in the second half of the year is expected and the dilemma reverses; we still emphasize that the short -term adjustment is expected to squat to jump.In the mid -term, the launch of the science and technology board is expected to accelerate the arrival of the innovation cycle; the development of the public fund industry on the fund side is still in the period of important strategic opportunities, and the reform of reform has also been increased.Unchanged, it is expected that more support policies will be introduced in the future.

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