Industrial Securities (601377) surged 5.07% during Wednesday’s session, outpacing broader market gains, while the Securities ETF Leader (159993)—which holds a 6.14% allocation to the stock—rose 1.23%. The ETF’s trading volume spiked 143.98% from the prior day to 6.9264 million yuan, though its shares outstanding dropped 53.5 million over the past month, suggesting profit-taking by some investors despite recent inflows.
The rally reflects renewed optimism toward China’s brokerage sector, driven by expectations of policy support for capital markets and improved trading activity. Industrial Securities’ outperformance highlights its exposure to institutional business and wealth management, key growth areas in the industry.
Analysts caution that sustained momentum depends on follow-through policy actions, particularly around market liquidity measures and IPO reforms. The ETF’s mixed signals—higher volume but reduced shares—indicate divergent views on near-term upside.
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