mammothmegaways| The brokerage index fell nearly 3%! Guolian Securities cannot hold its daily limit. What are the reasons behind the net outflow of funds from the sector?

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Interface News reporter | Sun Yizhen

May 15, the overall concussion adjustment of the brokerage plate, the Wind brokerage index fell nearly 3%, the plate only Guolian Securities, Yangtze River Securities rose, failed to drive the plate as a whole.

Today, the A-share sectors rose and fell each other, the real estate sector led the rise, driving household goods, household appliances, building materials and other plates stronger, coal, precious metals rose, brokerage, insurance, diversified finance and other plate shock adjustment.

Trading in Guolian Securities has resumed nearly three weeks after it was suspended on April 26. At the beginning of trading today, Guolian Securities rose by the limit without suspense, while Changjiang Securities followed suit, up 0% by the end of the day.Mammothmegaways.18%.

On the evening of May 14, Guolian Securities disclosed a major asset restructuring plan to issue A shares to purchase 100% shares of Minsheng Securities and raise no more than 2 billion yuan (including capital) supporting funds. This reorganizationMammothmegawaysThe share issue price is the average trading price of A shares for 120 trading days before the pricing benchmark, that is, 11.Mammothmegaways.31 yuan per share.

Hubei Energy also announced on the evening of May 14 that the company received approval from the State-owned assets Supervision and Administration Commission on May 13. Hubei Energy and three Gorges Capital agreed to transfer about 530 million and 333 million shares of Changjiang Securities to CIC by private agreement, respectively. After the completion of this share transfer, the total share capital of Changjiang Securities will remain unchanged.

It is worth noting that the trading limit of Guolian Securities failed to drive the securities sector up today. From the capital point of view, flush data show that today's securities plate main capital net outflow of 4.28 billion yuan, is the market net capital outflow of the highest industry plate.

Stocks in the plate continued to fall after noon, Zheshang Securities fell by the daily limit, Pacific and Guosheng Financial Holdings fell by more than 8%, founder Securities fell by more than 7%, and Huachuang Yunxin fell by more than 6%.

The brokerage index has risen nearly 6 per cent in the past 20 days, according to Wind. For the decline of brokerage stocks, some investors said to the interface news analysis that the recent overall rise of brokerage stocks belongs to the stage of shock finishing after a big rise. in addition, the current market expectation of favorable mergers and acquisitions of brokerage firms is gradually landing.MammothmegawaysSuperimposed factors may include the overall pressure on the recent first-quarter results of securities firms.

At present, the accelerated clearing of equity of small and medium-sized securities firms, four mergers and acquisitions of the securities industry are widely concerned by the market, and the market of securities stocks with the theme of "M & A" is relatively hot.

In the four major mergers and acquisitions of the securities industry, "Ping an + founder", "Pacific + Huachuang", "League of Nations + people's livelihood" and "Zhejiang Merchants + Capital", in the past 60 trading days, Zheshang Securities rose 26.28%, founder Securities rose 31.17%, Huachuang Yunxin rose 6.28%, Pacific rose 11.08%, and Guolian Securities rose 13.62%.

mammothmegaways| The brokerage index fell nearly 3%! Guolian Securities cannot hold its daily limit. What are the reasons behind the net outflow of funds from the sector?

For the follow-up trend of brokerage stocks, Guotai Junan non-bank analyst Liu Xin (Jin Kirin analyst) Qi pointed out that on May 10, the CSRC issued a decision on revising the regulations on strengthening the Supervision of listed Securities companies (hereinafter referred to as "the regulations"). The new rules will further enhance the investment value of listed securities companies and benefit the brokerage sector. At the same time, it will further standardize the financing behavior of listed securities companies and improve the efficiency of the use of funds. Strengthen the norms of shareholders and real controllers, improve information disclosure requirements, further promote listed securities companies to implement multiple annual dividends and repurchase write-offs, improve investor returns, and propose to increase the holdings of state-owned head securities firms and M & A related targets.