On May 12, amidst a turbulent downturn in the A-share market, over 4000 individual stocks experienced declines, with the Shenzhen Component Index falling more than 1% at one point.
According to a report by Sina Finance on May 12, by the close of trading, the Shanghai Composite Index stood at 4214.49 points, down 0.25%; the Shenzhen Component Index was at 15824.92 points, down 0.47%; and the ChiNext Index was at 3934.88 points, up 0.15%.
An article by “21st Century Economic Report” on the same day mentioned that the market saw turbulent adjustments with weaker performances in mid and small-cap stocks, leading to a more than 1% drop in the micro-cap stock index. The total turnover of the Shanghai and Shenzhen stock markets was approximately 3.24 trillion yuan, a decrease of 296.2 billion yuan compared to the previous trading day.
At midday, nearly 4300 individual stocks were observed to be in decline.
In terms of sector performance, pork, avian flu, energy metals, aerospace equipment, and glass fiber sectors registered significant declines. Sina Finance reported that the pork sector continued to trend lower with Huatong shares hitting the limit down; the energy metals sector showed weakness and volatility, with Hanrui Cobalt leading the decline; meanwhile, the AI application sector also experienced setbacks with Decai shares hitting the limit down.