W133市场观察：成长指数拥挤度重回今年三季度高点

Market Performance - The overall market rebounded with a notable performance in technology growth sectors, with the Jiangsu Growth Momentum Index rising over 9% weekly[2] - The Jiangsu Momentum Index saw a weekly increase of nearly 10%, indicating a return of growth hotspots in Q3 2025[2] Trading Activity - Weekly trading volume for the entire A-share market has decreased compared to Q3 2025, despite the recovery in growth sectors[2] - The small and micro-cap stocks outperformed the broader market, showing a synchronized increase in trading activity[2] Sector Analysis - The telecommunications and information technology sectors led the weekly gains, with significant rebounds observed in these areas[5] - The performance of the Jiangsu specialized and innovative index was notably strong, reflecting positive market sentiment[5] Investor Sentiment - The trading heat of the small and micro-cap indices has continued to recover, indicating improved market sentiment[5] - Institutional investors experienced a rebound in their holdings, with all major fund indices showing positive weekly returns[5] Style Tracking - The momentum index demonstrated impressive weekly performance, with the Jiangsu Growth Momentum Index showing a rebound of 9.11%[36] - The growth style indices, particularly in small and micro-cap categories, exhibited strong weekly increases, highlighting a shift in investor preference towards growth stocks[36]