A-share afternoon review | The Shanghai Index rose 0.22%, and film and television theaters set off a tide of gains and stoppages, with component stocks leading the decline

The Zhitong Finance App learned that on November 13, the three major A-share indices collectively opened higher. The Shanghai Index fluctuated narrowly, supported by weighted sectors such as banks and liquor. The growth style of the Shenzhen Market weakened, and the GEM index gradually expanded after turning green. The market showed a pattern of “Shanghai's strength and weakness, fragmentation in themes, and a pullback in high-ranking technology stocks”. By the midday close, the Shanghai Index rose 0.22% to 3663.71 points, the Shenzhen Index fell 0.56%, and the GEM index fell 1.47%. The Science and Technology Innovation 50 Index rose more than 2% during the intraday period, then fell 0.48% in the afternoon. 2,312 stocks in the Shanghai and Shenzhen markets rose, 2,744 fell, and more than 2,900 stocks fell in the entire market. The Shanghai and Shenzhen markets traded $979.4 billion in half a day, down 242.1 billion yuan from the previous trading day. In terms of capital, the main capital in early trading flowed into sectors such as film and television, computers, IT services, etc., with a net outflow from electronics, communications, mechanical equipment, etc., with a net outflow of over 8.3 billion yuan from the electronics sector.

Overview of the plate

On the upward side, the film and television industry and pork sectors led the way, while the media, banking, and liquor sectors strengthened; on the downside, the components and printed circuit board sectors moved higher and lower, while photovoltaic equipment and CPO concepts weakened simultaneously. Overall, capital was withdrawn from high levels such as computing power and hardware, to AI application topics such as film and television lines and low fluctuating weights such as banks and liquor. The index fluctuated in a narrow range under weight support, but the individual stock level declined more and less.

Popular sections

1. The film and television cinema sector has set off a wave of rise and stagnation

The film and television cinema sector collectively boosted; China Film, Hengdian Film and Television, Jinyi Film and Television, Beijing Culture, and Ruyi Film went up and down; Cultural Investment Holdings gained 4 ups and downs in 5 trading days; Bona Pictures rose more than 8%; Huazhi Digital Media rose more than 6%; China Television Media and Wireless Media followed suit.

Comment: According to the news, on November 12, the Douyin Group Short Drama Copyright Center opened up cooperation between interactive dramas and interactive video games for partners with the ability to produce interactive content, skits, comics, or games. Single dramas can receive up to 200,000 yuan in guaranteed incentives and 30% to 50% additional shares. In terms of industry data, according to the “China-ASEAN Short Drama International Communication Development Report” released on October 20, the top ten mini skit apps downloaded in overseas markets from January to September 2026 all had Chinese backgrounds, and Chinese manufacturers occupied 9 seats in the top 10 paid overseas skit apps; currently, the number of active overseas AI comic users has surpassed 150 million. What needs to be clarified is that there is still a distance between the increase in the sector and the confirmed performance of listed companies — Cultural Investment Holdings issued a stock trading risk warning notice on the evening of November 11, stating that as of the third quarter of 2026, the company's AI comic related business revenue accounted for about 2.57% of revenue (unaudited).

2. Changes and increases in the concept of pork

The pork concept rose in the intraday market. Jin Xinnong and Tianbang Foods rose and stopped, superstar agriculture and animal husbandry rose more than 5%, Xinwufeng rose more than 4%, Muyuan shares rose more than 2%, and Wen's shares followed suit.

Comment: According to the news, according to agency monitoring, on November 13, the average price of three-yuan pigs nationwide was about 8.54-8.60 yuan/kg, a slight increase of 0.03 yuan/kg from the previous day. After the beginning of winter, northern enema and southern pickled cured meat started one after another, and the operating rate of slaughter enterprises rebounded to 33.04%, an increase of more than 2 percentage points over the previous week. On the supply side, data from the National Bureau of Statistics shows that at the end of the third quarter, the country was able to breed 3.62 million sows, a year-on-year decrease of 10.7%. The decline was 4.2 percentage points higher than at the end of the second quarter, equivalent to 96.0% of normal holdings of 37.5 million heads, falling below normal holdings for the first time in this round. Surveillance data released by Zhuochuang Information on November 12 showed that 196 sample breeding companies kept 8.21,100 heads of sows in October, down 1.09% month-on-month and 8.21% year-on-year. The main pig contract of the Big Stock Exchange rose by more than 2% during the day, and at one point stood at 9,900 yuan/ton.

3. The banking sector strengthened, and the Bank of Jiangsu and the Bank of Nanjing reached record highs

The banking sector picked up rapidly after opening low. The Bank of Jiangsu and the Bank of Nanjing both hit record highs. They rose 2.01% and 2.23% respectively in the afternoon, Qilu Bank and Bank of Qingdao rose more than 3%, and the Bank of Chengdu, Bank of Beijing, Bank of Wuxi, Bank of Sunong, and Changshu Bank followed suit.

Comment: According to the news, according to statistics, 42 listed banks achieved a total operating income of 4.66 trillion yuan and net profit of 1.75 trillion yuan in the first three quarters, up 7.81% and 3.78% year-on-year respectively. The net profit growth rate increased 0.8 percentage points over the half-year period. Among them, 34 banks achieved positive net profit growth in the first three quarters.

4. The liquor sector opens low and moves high

The liquor sector opened low and moved higher. Gujing Gongjiu rose more than 5%, Shunxin Agriculture rose more than 4%, Huangtai Liquor rose more than 3%, Yingjia Gongjiu, Shanxi Fenjiu rose more than 2%, and Kweichow Moutai rose more than 1%.

Comment: On the news, on November 12, JD released the 11.11 full-year report on famous wine. From October 8 to November 11, JD's alcohol turnover increased 25% year on year. Among them, Maotai, Wuliangye, and Luzhou Laojiao transactions increased 10%, 13%, and 10%, respectively, Jinsha transactions increased 85% year over year, and Xijiu old wine sales increased 240% year on year. The top three liquor brand sales were Maotai, Wuliangye, and Fenjiu. Furthermore, after the third quarter results briefing on November 10, Kweichow Moutai announced that starting November 11, 16 products on the i-Moutai platform will switch from limited-time rush purchases to dynamic replenishment throughout the day.