On November 20, the market opened higher but later retreated, with the ChiNext Index dropping 0.52% after briefly rising over 1.5% earlier. By the close, the Shanghai Composite Index gained 0.38%, while the Shenzhen Component Index fell 0.05%, and the ChiNext Index declined 0.52%. The A-share market recorded a half-day turnover of 1.12 trillion yuan, up 12.18 billion yuan from the previous session. Over 3,100 stocks declined across the board.
Sector-wise, banking stocks bucked the trend, with Bank of China and Industrial and Commercial Bank of China hitting fresh record highs. The lithium battery sector showed strong activity, with stocks like Baichuan Holdings surging to the daily limit. The photoresist concept remained robust, with Guofeng New Materials securing two consecutive limit-ups. On the downside, consumer-related sectors such as tourism, hotels, food, retail, and textiles weakened, with stocks like ShuYang Co., Nanjing Commercial & Tourism Group, and Yike Food experiencing significant declines. Leading gainers included energy metals, Hainan-related stocks, and banking, while beauty & personal care, tourism & hotels, and food processing lagged.
Approaching midday, the A-share real estate sector suddenly rallied, with 5i5j Holding Group Co., Ltd. soaring to a limit-up. Other stocks like Teffy Service, Fuxing Co., World Union, Everbright Jiabao, Shenzhen Special Economic Zone Real Estate & Properties, and China Vanke Co., Ltd. also surged. Hong Kong-listed mainland property stocks followed suit, with SUNAC jumping over 10%. Zhenro Properties, R&F Properties, China Vanke, Shimao Group, and COUNTRY GARDEN rose more than 5%, while China Resources Land, Kaisa Group, and others climbed over 4%. China Jinmao and Agile Group gained over 2%.
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