情绪与估值10月第2期：市场交易情绪降温，银行PE估值分位领涨

Group 1 - The market sentiment has cooled down, with a decrease in margin trading balance and a general decline in turnover rates across major indices [1][15][18] - The PE valuation percentiles for major indices have mostly declined, with the CSI 500 leading the drop [21][24] - The banking sector has shown the highest increase in valuation percentiles, while the non-ferrous metals sector has experienced the largest decline [49][50] Group 2 - The stock-bond yield spread has decreased, indicating a relatively high investment cost-effectiveness in the A-share market [12] - The average margin trading balance was approximately 2.44 trillion yuan, down 0.12% from the previous week [15] - The turnover rate for major indices has generally declined, with the CSI 500 experiencing the largest drop in transaction value at 31.50% [18][19] Group 3 - The financial sector's PE valuation percentile is at 88.9%, reflecting a 5.51 percentage point increase [35][38] - The growth style has seen the largest decline in PE valuation percentiles, down 1.20 percentage points [32][36] - The banking industry led the sectoral performance with a 7.6 percentage point increase in PE valuation percentiles [49][50]