Market Overview - The market continued to expand, with the Shanghai Composite Index reaching 3800 points[2] - The growth sector showed active performance, particularly in the electronics industry, which saw a significant increase in congestion levels[2][5] Institutional Performance - The fund-heavy 50 index led the institutional heavy positions, indicating a strong profit effect for institutions[5][22] - Since August 2025, the fund-heavy index has rebounded, outperforming the CSI 300 index year-to-date[23] Industry Analysis - The TMT (Technology, Media, and Telecommunications) sector has sustained its rebound, with leading stocks outperforming dividend stocks[5][28] - The electronics industry recorded a congestion level of 82.9%, up from 42.9% the previous week, indicating increased investor interest[20] Style Tracking - The growth style continues to show advantages, with the "Growth+" category performing well[5][31] - Growth indices have consistently outperformed the small-cap index year-to-date[31] Thematic Trends - The "Specialized, Refined, Unique, and New" index led the thematic trends with a return of 9.91%[35] - The central state-owned enterprises' high-quality development index also performed well, with a return of 5.17%[35]