流动性、交易拥挤度、投资者温度计周报：自媒体A股搜索热度创年内次新高-20250708

Liquidity and Funding - The supply side of funds is contracting, with public equity new issuance dropping to 3.52 billion units from 14.36 billion, representing a 44% percentile over the past three years[8] - Southbound funds have maintained a weekly average net inflow of over 10 billion for seven consecutive weeks, totaling over 120 billion[4] - The total amount of stock buybacks increased significantly to 9 billion from 2.09 billion, reaching the 98% percentile over the past three years[24] Trading Congestion - The trading heat for the photovoltaic sector rose by 22 percentage points to 27%, while the steel sector increased by 21 percentage points to 39%[4] - The brokerage sector's trading heat increased by 14 percentage points to 53%, indicating a strong interest in these sectors[50] - Conversely, the mechanical sector's trading heat decreased by 11 percentage points to 11%, and the medical services sector fell by 6 percentage points to 84%[4] Investor Sentiment - Retail investor net inflow in the A-share market reached 81.57 billion, an increase of 21.87 billion from the previous value, placing it in the 37.6% percentile over the past five years[4] - The market saw a significant rise in search interest for A-shares on Kuaishou, reaching a new high for the year as the Shanghai Composite Index approached 3500 points[66] - The sentiment on Weibo improved significantly, driven by the Shanghai Composite Index hitting a new high, indicating a rise in optimistic sentiment among investors[74]