This morning's market was quite interesting.

The Shanghai Composite opened down 0.2%, but quickly found a bottom and rebounded, then oscillated upward. Currently, the data shows the Shanghai Composite down 0.05%, the Shenzhen Component down 0.15%, and the ChiNext Index down 0.23%—all three major indices are experiencing slight fluctuations, with overall volatility being quite small.

It looks calm, but the structure is quite deliberate. The securities sector fell 1.54%, the insurance sector dropped 2.84%, and state-owned banks declined 0.83%. The heavyweights in the financial sector are suppressing the index, which is the main drag on the market. Interestingly, the CSI 2000 Index (representing small-cap stocks) rose 0.68%, and as of now, the number of advancing stocks across the three markets has reached 3,316.

In simple terms—although the index appears somewhat weak, individual stocks are actually quite lively. This kind of movement is relatively friendly. The adjustment of weights leaves room for future support of the index. The activity of small-cap stocks can continuously boost market sentiment. After 14 consecutive days of gains, the market's heat and strength remain, which really says a lot.

A healthy trend, and we will keep watching.