The brokerage sector is all in the green, with First Venture hitting the daily limit! Geopolitical risks easing, possibly ushering in a recovery rally.

GateUser-bd883c58 · 2026-04-10T20:13:32+00:00

The article analyzes the phenomenon of divergence between brokerage performance growth and stock prices, as well as the current market and valuation recovery logic. Although the brokerage index has fallen 12.64% since the beginning of the year, recent performance data shows a 44% increase in net profit for brokerages. As market confidence recovers and risk appetite improves, the brokerage sector is expected to undergo valuation repair, attracting capital investment.

GateUser-bd883c58

2026-04-10 20:13:32

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Questioning AI · Divergence Between Securities Firms’ Performance Growth and Stock Prices, Where Is the Valuation Repair Logic?

21st Century Business Herald Reporter Sun Yongle

On April 8th, the A-share index rose across the board, with over 5,100 stocks showing strong gains. The securities sector experienced a comprehensive rebound, and trading activity significantly increased.

Data from Tonghuashun iFinD shows that the securities index (881157.TI) increased by 3.74%. Related stocks also strengthened simultaneously, with First Venture reaching the daily limit, and stocks like Caitong Securities (601108.SH), East Money (300059.SZ) rising over 5%, and CITIC Securities (600030.SH), GF Securities (000776.SZ) rising over 3%.

As of April 8th, a total of 30 listed securities firms or their parent companies released annual reports or performance briefings, with total net profit attributable to shareholders reaching 193 billion yuan, a year-on-year increase of 44%. As of yesterday (April 7th), the securities index has fallen 12.64% year-to-date, with only two stocks rising, ranking among the worst-performing industries.

From the market rhythm perspective, the securities sector has experienced continuous adjustments since September last year, with increased bullish and bearish battles since April 2026. As the conflict between the US, Israel, and Iran eases, market risk appetite is gradually recovering, and funds may continue to increase their positions in securities assets that previously suffered deep declines.

Sell-side research institutions generally believe that the current performance resilience of the securities sector remains intact. Coupled with ongoing reforms in the capital market and gradually warming trading activity, the sector’s valuation repair has fundamental support. As geopolitical risks ease and market confidence gradually recovers, securities firms with performance advantages and business flexibility are expected to see a phased recovery.

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