21世纪经济报道·2025-11-12 04:13Market Overview - The A-share market experienced a decline in early trading on November 12, with the Shanghai Composite Index down 0.23%, the Shenzhen Component Index down 1.07%, and the ChiNext Index down 1.58% [1][2] - The total trading volume reached 1.27 trillion yuan, with over 4,000 stocks declining [1][2] Index Performance - Shanghai Composite Index: 3993.35, down 9.40 points (-0.23%) [2] - Shenzhen Component Index: 13146.42, down 142.59 points (-1.07%) [2] - ChiNext Index: 3084.70, down 49.62 points (-1.58%) [2] - The trading volume was predicted to be 1.98 trillion yuan, a decrease of 34 billion yuan from previous estimates [2] Sector Performance - The oil and gas, insurance, and pharmaceutical sectors showed strong gains, while the banking sector also performed well [2][3] - Notable stocks included Agricultural Bank of China, which saw its market capitalization exceed 3 trillion yuan, and both Agricultural Bank and Bank of China experienced significant price increases [3][4] Consumer Sector Activity - The consumer sector, particularly food and beverage stocks, was active, with companies like Zhongrui Co. and San Yuan Co. achieving consecutive gains [4] - Economic scholar Pan Helin noted that the consumer sector's activity is supported by positive policy signals aimed at boosting domestic demand and favorable macroeconomic data from October [4] Technology Sector Insights - Pan Helin emphasized that technology sectors such as computing power, robotics, and AI remain the main focus of the current bull market, despite recent pullbacks [5] - The valuation of computing power is considered high, but demand for computing chips remains strong, particularly from companies like OpenAI [5]