A-Share Index Breaks 3674 Points, Shanghai Composite Forces Strong Buy! Country Garden Financial Holdings' Two Consecutive Boards, "Bull Market Flag" Brokerage ETF (512000) Rises Over 1%, Near-Five-Day Inflows Exceed CNY6 Billion

On August 13th, the Shanghai Composite Index opened rapidly and broke through last year's "924 trading days" high point of 3674 points. The three major indices collectively rose. Following the strong breakthrough of the big board, "flagship" brokerage stocks experienced a slight uptrend before being trapped in a "multiple consolidation," eventually flipping red. A-Share top-performing brokerage ETF (512000) saw its on-site price rise by 1.2%, with less-than-half-day real-time trading volume exceeding CNY6 billion, and trading remained lively.

Brokerage stocks mostly rose, with COUNTRY GARDEN FINANCIAL HOLDINGS experiencing a two-consecutive board increase. Other top performers included CITIC Securities (000783), China Merchant Securities (601555), and Guangfa Securities (000776).

According to Wah Tao Securities, market risk appetite has increased, accompanied by high earnings expectations. Brokerage sector ROE entered an upward cycle. Furthermore, this round of brokerage performance may exhibit stronger stability and continuity, focusing on market expectations and earnings-positive circulation.

COUNTRY GARDEN SECURITIES stated that from a historical perspective, brokerage index estimates have been positively correlated with market trading volume. When trading volume rapidly increases, it often indicates market sentiment is rising, increasing the probability of brokerage indices rising.

As A-Share continues to thrive, "Bull Market Flag" brokerages shine brightly. The Shanghai Stock Exchange data shows that Brokerage ETF (512000) yesterday absorbed CNY2.68 billion in capital inflows, with near-five-day net inflows reaching CNY6.25 billion.

As of the latest data, Brokerage ETF (512000) has a fund scale exceeding CNY259 billion, with daily average trading volume reaching CNY8.25 billion, making it one of the largest and most liquid brokerage industry ETFs.

There's a trend! Buy brokerages! Public data shows that Brokerage ETF (512000) and its linked funds (A-class 006098; C-class 007531) track the CSI-300 Index, covering 49 listed brokerage stocks, with nearly 60% concentrated on top-10 leading brokerages. The remaining 40% is allocated to mid-to-small-cap brokerages for their high-returns, absorbing phase-specific high-explosive characteristics.

Warning: Market fluctuations may be significant in the near term, and short-term gains do not indicate future performance. Investors should carefully consider their financial situation and risk tolerance before investing and pay close attention to position management.

Data source: Shanghai Stock Exchange, etc.

Reminder: Brokerage ETF passively tracks the CSI-300 Index, with a base date of June 29, 2007, and a publication date of July 15, 2013. The CSI-300 Index's annual returns from 2020 to 2024 were -27.37%, 3.04%, and 27.26%, respectively. The index constituent stocks will be adjusted according to the rules governing the formation of the index. The historical performance of the index does not predict future performance.