【金工】市场情绪有待进一步修复——金融工程市场跟踪周报20260308（祁嫣然/张威）

Market Overview - The A-share market experienced a volatile pullback during the week of March 2-6, 2026, influenced by geopolitical conflicts, with the oil and petrochemical sectors seeing price catalysts and leading the industry index [4] - Major indices showed declines: Shanghai Composite Index down 0.93%, SSE 50 down 1.54%, CSI 300 down 1.07%, CSI 500 down 3.44%, CSI 1000 down 3.64%, ChiNext Index down 2.45%, and Northbound 50 Index down 7.14% [4] - The overall market sentiment remains cautious, with stock-type ETF funds experiencing a slight net outflow and financing amounts turning negative [4] Valuation Insights - As of March 6, 2026, the SSE 50, CSI 500, CSI 1000, and ChiNext Index are at a "moderate" valuation percentile, while the Shanghai Index and CSI 300 are at a "danger" valuation percentile [4] - In the CITIC industry classification, food and beverage, as well as non-bank financial sectors, are rated at a "safe" valuation percentile [4] Volatility and Alpha Environment - The cross-sectional volatility of CSI 300, CSI 500, and CSI 1000 index constituents increased compared to the previous week, indicating an improvement in the short-term Alpha environment [5][4] Fund Flow Analysis - The top five stocks attracting institutional attention this week were BeiGene (277 institutions), Sunlord Electronics (162), Jingzhida (147), Weisheng Information (79), and Yirui Technology (77) [6] - Southbound funds saw a net outflow of HKD 8.093 billion during the week, with the Shanghai Stock Exchange's southbound net outflow at HKD 7.930 billion and Shenzhen's at HKD 0.163 billion [6] - The median return for stock-type ETFs was -2.31%, with a net outflow of CNY 376 million, while cross-border ETFs had a median return of -2.30% with a net inflow of CNY 1.031 billion [6][7]