投资者温度计第23期：自媒体热度降低，杠杆资金净流出规模扩大

Market Overview - The market experienced a slight decline last week, influenced by a decrease in social media activity due to the May Day holiday[2] - Retail investor net inflow in A-shares was 469.7 billion CNY, down 200.3 billion CNY from the previous value, placing it at the 9.0% percentile over the past five years[2][33] - Margin financing saw a net outflow of 157.6 billion CNY, an increase of 145.1 billion CNY from the previous week[2][34] Fund Management Trends - Public funds continue to favor growth-oriented stocks, particularly in the consumer sector, with 40% of heavy-weight stocks leading the gains since September 2018[2][18] - The top-performing sectors include electronics, automotive, and pharmaceuticals, indicating a concentrated investment strategy[2][23] Social Media Engagement - The number of "A-share" related content on Kuaishou decreased by 211 pieces, with a drop in views by 3.294 million and interactions by 115,000, attributed to the holiday[12] - On Weibo, positive sentiment surged on April 30, driven by supportive government actions in the AI sector and favorable corporate earnings reports[15] Investor Participation - The number of individual investors participating in margin trading reached 740.4 thousand, with a slight decrease in daily active participants to 277 thousand[34] - Recent downloads of investment apps like Tonghuashun and Dongfang Caifu fell by 1.5 thousand and 0.8 thousand respectively, indicating a decline in retail investor engagement[38]