A-share review | GEM index fell 3.32%, computing power and hardware fell sharply
The Zhitong Finance App learned that on November 13, the five major A-share indices collectively opened higher and then retreated, unilaterally declined in the afternoon, and closed down across the board. The Shanghai Stock Exchange closed at 3634.35 points, down 0.59%; the Shenzhen Securities Index closed at 10968.79 points, down 2.05%; the GEM index closed at 2426.08 points, down 3.32%; Science and Technology Innovation 50 closed at 1279.66 points, down 2.30%, an intraday high of 1342.13 points, a corresponding increase of 2.47%; the Beijing Stock Exchange 50 closed at 876.33 points, down 3.50%. The turnover of the Shanghai and Shenzhen markets was 1655,668 billion yuan, down 276.414 billion yuan from the previous trading day. The total market had 765 stocks rising, 4,748 falling, 66 flat markets, rising and stopping 38, and falling 39, accounting for 13.7% of the increase.
In terms of sectors, film and television, white goods, aquaculture, liquor, urban commercial banks, and feed registered the highest gains; components, communication equipment, glass and glass fiber, other electronics, plastics, and electronic chemicals registered the highest declines.
driving factors
Nvidia announced on November 12, local time, that Huang Renxun resigned as the company's president, CEO and board member, with immediate effect. Executive Vice President and Chief Financial Officer Kress became the interim CEO. The company's stock price closed down 4.34% on the same day, fell 13% at the beginning of the intraday session, and the market capitalization once fell below 4 trillion US dollars, closing at 4.01 trillion US dollars. Over the same period, AMD and Broadcom each closed more than 5%. The A-share computing power and hardware sector indices closed down 8.55% and 6.29% respectively.
On November 12, Douyin Group's Short Drama Copyright Center released the “Interactive Drama and Interactive Movie Game Cooperation Collection”. A single drama can receive up to 200,000 yuan of guarantee incentives and an additional share of 30% to 50%. The film and television cinema sector index closed up 3.50%, ranking first in Shenwan's second-level industry.
According to institutional monitoring, on November 13, the average price of three-yuan pigs nationwide was about 8.54-8.60 yuan/kg, up 0.03 yuan/kg from the previous day. Data from the National Bureau of Statistics showed that at the end of the third quarter, the country kept 3.6 million breeding sows, a year-on-year decrease of 10.7%. The farming and feed sector indices rose 2.35% and 1.70% respectively.
According to Wind data, in the first three quarters, 42 listed banks achieved a total operating income of 4.66 trillion yuan and net profit of 1.75 trillion yuan, up 7.81% and 3.78% year-on-year respectively. The bank sector index closed up 1.46%. The Bank of Jiangsu, the Bank of Nanjing, the Bank of Qingdao, the Bank of Chengdu, and the Bank of Hangzhou all reached record highs; the white goods and liquor sector indices closed up 2.68% and 1.81% respectively. Midea Group rose 2.91% and Gujing Gongjiu rose 5.86%.
Popular sector aspects
The [Cinema Line] sector index closed up 3.50%, ranking first in the growth rate of Shenwan's second-tier industry. Happy Blue Ocean rose and stopped at 20CM (+20.01%), Hengdian Film and Television (+10.03%), Hubei Radio and Television (+10.10%), Jinyi Film and Television (+10.00%), and Cultural Investment Holdings rose and stopped (+10.03%), and recorded 4 ups and downs in 5 trading days. On November 12, Douyin Group's Short Drama Copyright Center released the “Interactive Drama and Interactive Movie Game Cooperation Collection”, with a maximum guarantee incentive of 200,000 yuan and an additional share of 30% to 50% for single dramas. Cultural Investment Holdings announced on the evening of November 11 that its AI comic related business revenue accounted for about 2.57% of revenue (unaudited) as of the third quarter of 2026.
The [Banking] sector index closed up 1.46%, while Urban Commercial Bank II closed up 1.76%. Bank of Jiangsu (+2.24%), Bank of Nanjing (+1.91%), Bank of Qingdao (+3.65%), Bank of Chengdu (+1.52%), and Bank of Hangzhou (+1.51%) all reached record highs. The catalyst enabled 42 listed banks to achieve total operating income of 4.66 trillion yuan and net profit to mother of 1.75 trillion yuan in the first three quarters, up 7.81% and 3.78% year-on-year respectively.
The [Aquaculture] sector index closed up 2.35%, while the feed sector index closed up 1.70%. Jin Xinnong (+10.06%) and Tianbang Foods (+10.00%) rose and stopped, superstar agriculture and animal husbandry rose 5.15%, and the pork concept index closed up 1.92%. The catalyst was that on November 13, the average price of three-yuan pigs was 854-8.60 yuan/kg, up 0.03 yuan/kg from the previous day, and 3.62 million sows were kept nationwide at the end of the third quarter, down 10.7% from the previous year.
Adjust the section
The component sector index closed down 8.55%, the communication equipment sector index closed down 6.29%, the glass fiberglass sector index closed down 6.07%, and the consumer electronics, semiconductor and photovoltaic equipment sector indices closed down 3.13%, 2.92% and 2.83%, respectively.
In terms of individual stocks, Shanghai Electric Power Co., Ltd., Shengyi Technology, Shennan Circuit, and Jingwang Electronics fell to a standstill; Tianfu Communications fell 10.94%, Yuanjie Technology fell 11.76%, Xinyi Shengsheng fell 8.76%, Zhongji Xuchuang fell 8.39%, and Industrial Fulian fell 7.50%; in the glass and glass fiber sector, International Composites fell 8.33%, Honghe Technology fell 8.29%, Sinoma Technology fell 7.40%, and China Jushi fell 6.94%.
The catalyst was Nvidia's announcement of the resignation of Huang Renxun as president, CEO and director on November 12, local time; the components and communications equipment sector indices had a cumulative decline of 22.30% and 19.31% from October 15 to November 12, respectively, and the decline further widened on the same day.