JOEONE(SH:601566) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-20 07:29Market Overview - The A-share market experienced fluctuations on November 20, with the Shanghai Composite Index down 0.4%, the Shenzhen Component down 0.76%, and the ChiNext Index down 1.12%, despite an earlier increase of over 1.5% [2] - The total trading volume in the Shanghai and Shenzhen markets was 1.72 trillion yuan, a decrease of 20 billion yuan compared to the previous trading day [2] - Over 3,800 stocks in the market declined, indicating a broad-based sell-off [2] Sector Performance - Key sectors such as lithium battery electrolyte, photovoltaic, aquaculture, e-commerce, and Nvidia-related stocks saw corrections, while coal, oil, retail, and military industries experienced significant declines [2] - Conversely, lithium mining, banking, and real estate sectors showed resilience and strength [2] Individual Stock Highlights - The computing hardware concept saw localized activity, with Zhongfu Circuit hitting the daily limit [2] - The banking sector performed well, with China Bank and Industrial and Commercial Bank of China reaching historical highs [2] - The photoresist concept continued its strong performance, with Guofeng New Materials achieving two consecutive limit-ups and Baichuan Shares hitting the daily limit [2] - In contrast, consumer sectors such as beauty care, tourism, and food retail faced collective weakness, with stocks like Nanjiao Food and Tianma Technology hitting the daily limit down [2] Specific Stock Movements - Jiuwu Wang's stock opened high and initially surged to the daily limit before experiencing volatility, ultimately hitting the limit down before rebounding again to the limit up, showcasing a dramatic trading pattern [2] Hong Kong Market Dynamics - The Hong Kong market showed mixed results, with the Hang Seng Index down 0.31%, the Hang Seng Tech Index down 1.25%, and the Hang Seng China Enterprises Index down 0.46% [8][9] - Notably, Xinda International Holdings surged over 60% at the open, later narrowing to a 35% increase, amid significant asset restructuring announcements from major brokerages [9] Gold Market Update - The spot gold price continued to weaken, reaching a peak of over $4,100 before settling at approximately $4,060 per ounce, reflecting a slight decline of 0.22% [7] - Domestic gold jewelry prices remained unaffected, with several brands reporting prices around 1,300 yuan per gram [7]