Yesterday, the market surged and then retreated, with the Shanghai Composite Index breaking through the 4,000-point mark during the session. The brokerage sector experienced a slight pullback compared to last Friday but still retained some of its gap-up gains.

Among popular ETFs, the Brokerage ETF (159842) closed down 0.75%, with a trading volume of 366 million yuan. Wind data shows that the product saw nearly 40 million yuan in net inflows yesterday, with both its share size and scale hitting record highs. So far this month, it has accumulated nearly 1.2 billion yuan in inflows.

On the news front, as of October 28, 14 brokerages have disclosed their performance for the first three quarters. Among them, 13 comparable brokerages reported a combined net profit attributable to parents of approximately 46.726 billion yuan, a year-on-year increase of 46.42%. Among these, three brokerages saw their net profit attributable to parents double, while eight reported growth rates between 50% and 100%.

Song Xuetao, Chief Economist at Guojin Securities, stated that in the short term, coordinated policies will accelerate the long-term valuation repair process of A-shares. In the medium to long term, the long-term investment logic of a more inclusive, adaptable, and attractive capital market is becoming increasingly solid.

Data shows that the Brokerage ETF (159842) tracks the CSI Securities Company Index, which selects up to 50 stocks from the securities industry within the CSI All Shares Index sample to reflect the overall performance of the sector. Off-exchange investors can also participate in the upward opportunities of the brokerage sector through the Brokerage ETF Connect Fund (Class A: 025193; Class C: 025194).