A-share securities companies rarely see a sharp rise

On July 9th, Jin10 Data reported that in the afternoon, the three major A-share indexes rose sharply, and the securities firms collectively surged. Hongta Securities was the first to rise and stop, followed by further activation of market sentiment, with all three major indexes rising by more than 1%. Over 4,200 stocks rose in both markets. It's worth noting that today's market turnover increased by 1400 billion yuan compared to yesterday, which means that a lot of funds entered the market to catch the bottom. So why did securities firms suddenly rise? Some analysts told reporters that the sharp rise in securities firms was driven by long-side factors. Firstly, the results of long-side securities firms' interim reports last night were greatly increased, which boosted the market's confidence in securities firms. In addition, the market is expecting favourable information from the policy level. Many analysts are optimistic about the future trend of securities firms. Liu Wenqiang, a non-bank financial analyst at Great Wall Securities, said that the performance of securities firms this year is still good, and the rise is relatively lagging, so it is expected to catch up later.