8月淨利環比下滑超50%，券商股午後突然直線攀升近4%
今日，券商板塊小幅低開後震盪上行，午後突然大幅直線拉昇，一度上漲近4%，40餘隻成分股全線飄紅。其中，國金證券漲停，國聯證券漲近7%，浙商證券、越秀金控、長城證券、招商證券漲逾5%；哈高科、中國銀河、第一創業等跟漲。
消息面上，中證協近日披露了券商8月業績。數據顯示，證券業當月實現營業收入約375億元，環比下滑42.4%；淨利潤約140億元，環比下跌52.7%。另外，8月行業平均淨利潤近1億元，僅為行業淨利潤最高額的10%左右。
券商業績增速大幅下滑，主要是受到8月股市相對低迷、大盤震盪盤整等因素拖累。數據顯示，7月滬深兩市累計成交約30萬億元，8月則累計成交約22萬億元，環比下降近27%。7月份股市火熱，從7月6日開始，兩市成交額連續九個交易日突破1.5萬億元，整個月份日均交易量1.3萬億，創歷史第四高，環比分別上升100%、67%。
換手率上看，7月全市場平均的換手率92%，8月則只有71%。行情方面，8月上證綜指漲近2.5%，相比7月漲幅減少超過8%。
受A股市場轉冷影響，券商經紀業務和投資業務雙雙下滑。8月代理買賣證券業務淨收入（含交易單元席位租賃）119億元，環比下降近29%；證券投資收益94.6億元，環比下降65%；投行業務淨收入75.4億元，保持平穩態勢。
此外，財務顧問業務淨收入6.3億元，環比上升近2%；受託客户資產管理業務淨收入20.4億元，環比下降9.6%。
（承銷與保薦業務收入=承銷業務淨收入+保薦業務淨收入）
雖然券商8月業績短期增速減緩，但同比仍然亮眼，境內證券全行業收入和淨利潤同比增速都超過40%。
海通證券認為，牛市中1、3、5浪為上升浪，市場成交逐級放量帶動券商利潤節節高。本輪牛市日成交額最高有望破3萬億元，券商利潤彈性提升可期；
招商證券維持證券行業推薦評級，一方面政策呵護助力發展，另一方面基本面穩定向好。目前證券行業進入新一輪高質量發展時期，行業ROE上行趨勢明確，併購預期打開券商估值想象空間；
華泰證券非銀研究員沈娟預測，未來監管增量政策繼續推出，將為證券行業帶來業態的革命，券商業務廣闊空間逐步被打開；
長城證券分析師劉文強也認為，下半年隨着疫情影響的鈍化，券商線下業務將加快復甦，行業維持高景氣度。“且在行業混業想象的時代背景下，分化分層發展的趨勢將加劇。當前市場的走勢基本符合前期判斷，預計階段性調整後繼續上攻。”
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