FAP, May 29 (Xinhua)-- CITIC Construction Investment News said that the securities sector fell back to a phased low around 1.2xPB, mainly because macroeconomic data showed that residents' financial demand was lower than expected, investors' risk appetite in A-share market declined, and turnover in Shanghai and Shenzhen stock markets fell. Sales of newly issued funds remained sluggish in May. In retrospect, the current securities industry is in a critical period of high-quality transformation and development, the competitiveness of securities firms has accelerated, the differentiation of individual stocks in the securities sector has become more prominent, and there are still opportunities for the structural market. The core is optimistic about three main lines: 1) the valuation center of securities firms with high-quality fundamentals has moved up, the first is China International Capital Corporation; 2) the performance elasticity of the compass as a new force of Internet securities firms in the medium term. 3) secondly, pay attention to China Galaxy embracing the "China Special valuation" market through its own strategic transformation.