情绪与估值8月第4期：市场活跃度下降，创业板指估值分位历史低点

Group 1: Market Sentiment - The A-share market experienced a slight decline in trading activity, with the average margin financing balance around 1.40 trillion yuan, down 1.19% from the previous week [11][12] - The proportion of financing purchases in total A-share trading volume decreased to 7.46%, a drop of 0.42 percentage points week-on-week [11][12] - The trading activity saw a general decline, with the Wind dual innovation trading volume dropping the most by 11.26%, followed by the ChiNext index at 11.22% [13][15] Group 2: Valuation Trends - The majority of major indices saw a decline in PE valuation percentiles, with the Shanghai Composite Index leading the drop by 1.6 percentage points, while the Shanghai 50 Index increased by 1.6 percentage points [17][21] - The consumer style led the decline in PE valuation percentiles, falling by 2.1 percentage points, while the financial style increased by 1.0 percentage points [21][22] - The building materials sector saw the largest increase in PE valuation percentiles, rising by 16.0 percentage points, while the agriculture, forestry, animal husbandry, and fishery sector experienced a decline of 8.4 percentage points [26]