Market Overview - A-shares experienced a volume contraction with the Shanghai Composite Index down by 0.41%, the Shenzhen Component Index down by 1.71%, and the ChiNext Index down by 1.96% as of the market close on November 4 [3][4]. Sector Performance - The precious metals, battery, photovoltaic, and semiconductor sectors saw the largest declines, while local stocks from Fujian province surged, with nearly 20 stocks including Zhangzhou Development and Pingtan Development hitting the daily limit [4][5]. - The ice and snow economy concept stocks were active, with Dalian Shengya reaching a new high and Xue Ren Group also hitting the limit [6]. - Stocks related to the "Ma" series were active, with Tianma Technology and others hitting the daily limit [7]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets was less than 2 trillion yuan, a decrease of 191.4 billion yuan compared to the previous trading day, with over 3,600 stocks declining [8]. Capital Flow - Main capital inflows were observed in the banking, environmental protection, and electric grid equipment sectors, while outflows were noted in electronics, software development, and non-ferrous metals sectors [11]. - Specific stocks with net inflows included Industrial and Commercial Bank of China, Baogang Group, and Xue Ren Group, with inflows of 605 million yuan, 601 million yuan, and 491 million yuan respectively [12]. - Conversely, stocks such as Sunshine Power, Sanhua Intelligent Control, and Changshan Pharmaceutical faced significant outflows of 1.606 billion yuan, 1.313 billion yuan, and 1.168 billion yuan respectively [13]. Institutional Insights - Huachuang Securities indicated a potential market consolidation in the next 1-2 months due to a policy vacuum [14]. - Dongwu Securities suggested that after a low rebound, the market may continue to challenge the 4,000-point mark, but individual stock movements are expected to show high and low fluctuations [15].