Movement Alert|CITIC Securities Rises 3.44% in Regular Trading, Brokerage Sector Collectively Rebounds After Two-Day Pullback

Market Focus06-22

On June 22, CITIC Securities rose 3.44% in regular trading, trading at HKD 27.58/share, with turnover of HKD 132 million.

On the news front, the brokerage sector collectively strengthened, with peers GF Securities up 3.01%, CSC up 3.55%, and CICC up 1.79%, as the sector extended its recovery. From June 17 to 18, the brokerage sector had been under selling pressure for two consecutive sessions, during which CITIC Securities retreated over 3% on the Hong Kong market. The current rebound has largely recovered the prior pullback losses.

On fundamentals, the company reported Q1 net profit of RMB 10.216 billion, representing a 54.60% year-over-year increase. Multiple brokerages maintain a Buy rating with a consensus target price implying approximately 44.71% upside, suggesting ample room for valuation recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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