On July 28, CITIC SEC fell 3.14% in regular trading, trading at 27.2 HKD/share, with turnover of HKD 72.42 million. The decline comes as the broader brokerage sector faces profit-taking pressure following a strong rally driven by robust first-half earnings previews.

CITIC SEC had previously disclosed a half-year earnings forecast showing net profit attributable to shareholders surging 70.15% year-over-year to RMB 23.34 billion, which fueled a multi-day rally with the Hong Kong-listed shares once surging over 3% in a single session. However, the sector is now experiencing a broad-based pullback as investors lock in gains. Among peers, China Merchants Securities fell 5.49%, CICC declined 3.44%, Orient Securities dropped 2.29%, and Guotai Haitong lost 1.52%, reflecting widespread selling across the sector.

Additionally, intensifying global market volatility and retreating overseas risk appetite have created headwinds for Hong Kong-listed equities, adding further short-term pressure on brokerage stocks that had accumulated significant prior gains.

(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.)