A-share close: ChiNext Index pares gains to end down over 2%, more than 4,600 stocks fall market-wide

Nov. 12: According to Cailian Press, the market rallied before paring gains, with the ChiNext Index down more than 2% after climbing nearly 2% earlier. Combined turnover on the Shanghai and Shenzhen exchanges reached 1.93 trillion yuan, up 255.8 billion yuan from the previous trading day. More than 4,600 stocks fell market-wide. On the board, computing-power chip name Tianpu Co. logged a third straight limit-up, Cambricon rose more than 8%, and Enflame Technology gained over 13% to a record high since listing; the gas sector traded actively through the session, with Dongfang Huanyu up for a fourth straight limit, Hongtong Gas at limit-up; retailers Guangbai Co. and Ningbo Zhongbai both closed at limit-up. On the downside, precious metals weakened, with Shanjin International, Chifeng Gold, Western Region Gold and Shandong Gold all sliding; AI animated-drama concept stocks swung lower, Shanghai Film hit the limit-down, Huace Film & TV fell more than 10%, and Wentou Holdings opened its limit-up and reversed into negative territory. At the close, the Shanghai Composite was down 0.67%, the Shenzhen Component down 1.68% and the ChiNext Index down 2.44%.