市场复盘：盘中V型反转，量能未能放大

Group 1 - The report indicates that cyclical, consumer, and growth sectors performed well, while financial and stable sectors lagged behind. Non-fund heavy stock indices outperformed fund heavy stock indices, with value style underperforming growth style and large-cap stocks underperforming mid and small-cap stocks, contrary to the previous trading day [2][35]. - Among the 30 CITIC first-level industries, 19 industries rose while 11 fell. The top performers included pharmaceuticals (3.08%), non-ferrous metals (2.54%), and retail (1.26%), while the laggards were banks (-2.06%), food and beverage (-1.26%), and home appliances (-0.75%) [2][17]. - The report highlights a significant rise in the pharmaceutical sector, with concepts such as CRO, innovative drugs, and generic drugs seeing substantial gains, while concepts related to banks, real estate, and state-owned enterprises declined [2][17]. Group 2 - On July 5, the net outflow of northbound funds decreased to 3.05 billion yuan, a reduction of 917 million yuan from the previous trading day. The Shanghai Stock Connect saw a net outflow of 2.12 billion yuan, while the Shenzhen Stock Connect had a net outflow of 930 million yuan [2][21]. - Southbound funds continued to see a decrease in net inflow, totaling 35 million Hong Kong dollars, down 595 million yuan from the previous trading day. The Shanghai-Hong Kong Stock Connect recorded a net inflow of 1.157 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect had a net outflow of 807 million Hong Kong dollars [2][21]. Group 3 - The report notes that on July 5, the three major indices experienced a V-shaped reversal during the day, with the Shanghai Composite Index falling by 0.26%, the Shenzhen Component Index rising by 0.25%, and the ChiNext Index increasing by 0.51%. The market turnover was 577.25 billion yuan, a decrease of approximately 8.7 billion yuan from the previous trading day, marking a near nine-month low [2][52]. - The report also mentions that on July 5, the main funds saw a decrease in net outflow, totaling 7.857 billion yuan, with large orders seeing a net outflow of 5.827 billion yuan and small orders continuing to see net inflows of 9.515 billion yuan [2][21].