The "bull market flag bearer" brokerage sector performed strongly, with the Securities ETF Fuguo (515850) rising by 3.90% during the trading session.

Today during trading, the large financial sector continued to rebound, and the securities broker sector rose strongly. As of the time of writing, the Quafu Securities ETF (515850) increased by as much as 3.90% intraday. Among the constituent stocks, First Venture Limited hit the daily limit, Caitong Securities rose over 6%, East Money and Dongwu Securities increased over 5%, and the remaining constituent stocks all performed notably.

On the news front, as of April 3, 2026, a total of 30 listed securities firms or parent companies of securities firms have released annual reports or performance briefings, with a combined net profit attributable to shareholders of 193 billion yuan, a year-on-year increase of 44%. The performance of listed securities firms and fintech companies in 2025 showed a collective high growth.

Institutional analysis indicates that the current securities sector is in a stage of triple overlap: policy dividend release, loose liquidity friendly environment, and high market activity. Although the sector’s beta may fluctuate in the short term due to market sentiment, the performance certainty across multiple lines in the medium to long term is strong, industry prosperity is assured, and it has a balanced value for both offensive and defensive allocations.

The Quafu Securities ETF (515850) closely tracks the CSI All Share Securities Companies Index, with constituent stocks mainly composed of large brokerages, including small- and medium-sized firms. During market recovery periods, large-cap stocks may demonstrate prominent leading effects, while small and beautiful potential stocks have sufficient profit elasticity.

Daily Economic News