On July 20, CITIC Securities (06030) rose 3.3% in regular trading, trading at HKD 27.54/share, with turnover of HKD 58.199 million. The brokerage sector staged a broad-based rebound, with peers CGS up 2.59%, CAM CSI300 up 2.27%, CICC up 2.0%, GUOTAI JUNAN I up 1.95%, and HTSC up 1.86%.

On the news front, the company previously disclosed H1 net profit attributable to shareholders of RMB 23.343 billion, representing a year-over-year increase of approximately 70%, marking a record high for the same period since listing. The stock had previously exhibited a sell-the-news pattern following the earnings pre-announcement on July 11, with consecutive sessions of pullback dragging shares from HKD 28.60 to as low as HKD 26.64. Current valuation has undergone meaningful digestion, providing a basis for the rebound. Additionally, the company's third extraordinary general meeting on July 17 approved the targeted H-share issuance plan with over 99% support, laying the legal foundation for subsequent capital raising.

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