Morning Trend | GF SECURITIES' capital fluctuations intensify, can the brokerage valuation repair window ignite?

GF Securities (1776.HK) experienced intensified capital movement in the early trading session, with the stock price steadily rising. The MACD indicator's daily golden cross continues, dominated by bullish sentiment among technical traders. The brokerage sector has recently seen a rebound in capital market activity, increased trading volume, and supportive policies, leading to expectations of continued warming. The company's proprietary trading and investment banking businesses are both expected to benefit, with a valuation repair window opening. With the sector's sentiment improving, GF Securities is seeing frequent capital inflows and outflows, and the short-term speculative atmosphere is heating up; major funds are also focusing on volume breakthroughs in densely traded areas. It is important to be cautious, as high-level capital is becoming more risk-averse. If the market retracts or the sector retreats, there may be short-term adjustment pressure. It is recommended to pay attention to changes in trading volume and capital flow. If it can continue to receive incremental capital support, the stock price is expected to break through the short-term resistance level; however, if the volume is insufficient or high-level divergences increase, a conservative position should be maintained, patiently waiting for valuation repair opportunities. In terms of operations, attention can be given to sector rotation opportunities, with a focus on misaligned layouts to hedge against volatility risks