策略周报：热点退潮 关注基本面

Group 1: Market Overview - The major indices showed varied performance last week, with the CSI 500 slightly up by 0.38%, while the Shanghai Composite Index fell by 0.84%, the Shenzhen Component by 1.55%, the ChiNext by 5.14%, and the CSI 300 by 1.68% [2][6][7] - Among the 31 primary industry indices tracked, 14 saw an increase while 17 experienced a decline, with real estate, steel, retail, social services, and comprehensive sectors leading the gains [2][8] Group 2: Trading Data - Total trading volume reached 9,033.69 million shares, with a total transaction value of 104,422.84 billion yuan, indicating active market participation [10][11] - The number of stocks reaching historical highs was 36, while 7 stocks hit historical lows as of November 1, with 469, 466, and 459 stocks reaching new highs over the past 30, 60, and 120 days respectively [12][13] Group 3: Margin Data - The weekly margin financing balance increased by approximately 367 billion yuan, while the margin short selling balance rose by about 1 million yuan [14] Group 4: Investment Strategy - With the completion of the third quarter earnings reports, the market is expected to focus more on the fundamentals of listed companies as previous hot sectors begin to cool down [3][19]