Core Insights - The market experienced a low opening followed by a rebound, with small-cap stocks leading the gains. The largest CSI 2000 Enhanced ETF (159552) rose by 2.30%, accumulating a 43.51% increase year-to-date [1] - Trading activity was robust, with a turnover rate of 25.96% and a transaction volume of approximately 120 million, marking an 88.79% increase compared to the previous day, reaching a one-year high [1] - Net inflow during the trading session was estimated at around 66 million, with a premium surge to 0.99% at the close. The estimated scale during the session exceeded 500 million, making it the largest among similar enhanced ETFs in the market [1] Market Dynamics - According to Guosen Securities, since September 24 of the previous year, the A-share market has seen a strong rebound driven by significant policies, with core broad-based indices recording over 20% gains. The CSI 2000 index, which covers small and micro-cap enterprises, has increased by over 64%, becoming a key driver of the current market rally [1] - The CSI 2000 index is characterized by low market capitalization and high elasticity, benefiting from a combination of liquidity easing and policy dividends, showcasing substantial return elasticity and consistently reaching new highs [1] - The ongoing liquidity easing and continuous focus on specialized and innovative policies have contributed to the sustained rise of the CSI 2000 index, with enhanced indices focusing on small-cap stocks performing exceptionally well [1]

Group 1 - The article highlights a weak opening for the stock market on August 4, with a subsequent upward trend, particularly noting the resurgence of small-cap stocks [1] - The largest ETF, the CSI 2000 Enhanced ETF (159552), experienced a 0.22% increase, having previously dropped by 0.93%, with a year-to-date gain of 40.60% [1] - According to Guosen Securities, since September 24 of the previous year, the A-share market has rebounded strongly due to significant policy support, with core broad-based indices recording over 20% gains [1] Group 2 - The CSI 2000 index, which covers small and micro-cap enterprises, has shown a remarkable increase of over 64%, becoming a core driver of the current market rally [1] - The index's constituent stocks generally possess low market capitalization and high elasticity, benefiting from liquidity easing and policy incentives [1] - The enhanced indices focusing on small-cap investments have outperformed, reflecting strong investor interest and ongoing policy support [1]