战略数据研究|专题报告：成长指数拥挤度突破今年三季度高点——W134市场观察

Market Activity - The technology growth sector continues to lead, with the Jiangsu Growth Momentum Index showing a weekly increase of over 4%[1] - The average daily trading volume in the A-share market reached 1.95 trillion yuan, significantly higher than the previous week, with a peak of 2.12 trillion yuan on December 12, marking a recent high[1] - The overall crowding index for growth has surpassed the peak observed in Q3 of this year[1] Sector Performance - The telecommunications, paper, and packaging sectors have shown notable recovery in trading activity[1] - The communication services and information technology sectors led the weekly gains, with the communication sector outperforming by 3.74%[29] Institutional Insights - Institutional investors experienced a positive week, with all major fund holdings rebounding, as indicated by a weekly return of 1.62% for the Fund Heavy Index[23] - The Northbound trading series also saw a modest increase, with the Northbound Heavy Index returning 0.36%[23] Style and Theme Tracking - The momentum index performed exceptionally well, with the Jiangsu Growth Momentum Index showing a weekly increase of 3.19%[34] - The Jiangsu Specialized and New Series Index also performed well, with a weekly return of 2.74%[37] Risk Considerations - The report emphasizes that all statistics are based on historical data and do not guarantee future performance, highlighting the potential impact of macroeconomic changes and market cycles on investment strategies[41]