策略周报：或将持续整理

Group 1 - The major indices experienced a decline last week, with the CSI 300 down by 3.29%, the Shanghai Composite Index down by 3.52%, the Shenzhen Component Index down by 3.70%, the ChiNext Index down by 3.36%, and the CSI 500 down by 4.79% [2][16][18]. - Among the 31 primary industry indices tracked, only one index rose while 30 indices fell. The top five performing industries were Media, Oil & Petrochemicals, Household Appliances, Banking, and Comprehensive, while the bottom five were Real Estate, Defense & Military, Non-Bank Financials, Beauty & Personal Care, and Steel [2][18]. - The total trading volume was 8,506.50 billion shares, with a trading value of 109,098.33 billion yuan. There were 1,046 stocks that rose and 4,292 stocks that fell [20][21]. Group 2 - The market sentiment is cooling down, and a cautious attitude is expected to prevail as investors focus on maintaining stability after a period of rapid index growth [4][32]. - The margin financing balance increased by approximately 31.8 billion yuan, while the margin short selling balance decreased by about 0.3 billion yuan [3][26]. - As of last week, 26 stocks reached new historical highs, while 2 stocks hit new historical lows. The number of stocks reaching new highs over the past 30, 60, and 120 days were 277, 192, and 190 respectively, while the new lows were 105, 5, and 3 respectively [24][25].