情绪与估值7月第3期：市场交易情绪升温，周期估值分位普涨

Group 1 - Market sentiment has improved with an increase in margin trading balance, turnover rate, and transaction volume across major indices [2][19] - The average margin trading balance reached approximately 1.92 trillion yuan, up 1.48% from the previous week, with the financing purchase ratio rising to 11.13% of total A-share transaction volume [16][19] - The turnover rate for major indices increased, with the CSI 500 showing the largest growth in transaction volume at 18.30% [19][20] Group 2 - The PE valuation percentiles for major indices increased, with the Shenzhen Component Index leading with a rise of 5.1 percentage points [24][28] - Stable style sectors led the increase in PE valuation percentiles, rising by 2.6 percentage points, while the consumer style also saw a rise of 2.5 percentage points [36][39] - The construction industry led the sectoral PE valuation increases with a rise of 9.4 percentage points, while the banking sector saw a decline of 2.0 percentage points [53][54]