中盘高波/高估值
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W127市场观察:低估值、红利风格交易活跃度继续回升
Changjiang Securities· 2025-09-29 23:30
Market Performance - The weekly trading volume slightly decreased, with the Shanghai Composite Index showing a minor increase, while the ChiNext Index rose nearly 2% for the week[2] - Growth styles continued to recover, particularly mid-cap growth, high volatility, and high beta stocks, which performed well[2] Trading Activity - The trading activity of dividend and low-valuation styles continued to rebound, while growth styles saw a slight pullback before rising again[2] - The crowding degree of micro-cap stocks continued to decline, indicating reduced congestion in this segment[2] Sector Analysis - Among primary sectors, oil and gas, food and beverage, and insurance remain at low crowding levels, suggesting potential opportunities[2] - The information technology and hardware sectors led the weekly performance within industry segments[2] Fund Performance - The fund-heavy index significantly outperformed the CSI 300 Index since the beginning of 2025, indicating strong institutional support for these stocks[2] - The top 50 fund-heavy stocks led the fund-heavy series indices, showcasing a robust performance relative to the broader market[2] Thematic Trends - The new tobacco and specialized innovation indices were among the top performers in thematic trading for the week[2]