北证50指数盘中涨超1%，机构：北交所政策转暖信号明确

Group 1 - The core viewpoint highlights that in the current loose monetary policy environment, small-cap stocks are gaining an advantage, with the North Exchange 50 Index effectively reflecting the performance of small and micro-cap stocks, characterized by high elasticity and policy adaptability [1][2] - As of November 7, 2025, the North Exchange 50 Index has risen by 1.09%, with significant gains in constituent stocks such as Anda Technology (up 23.94%), Silane Technology (up 10.27%), and Huami New Materials (up 6.88%) [1] - The North Exchange is focused on improving its merger and acquisition system, guiding financial resources towards key core technology sectors, and enhancing the attractiveness of its market through various reforms and new bond products [1] Group 2 - The North Exchange's overall revenue and profit showed recovery in the third quarter, although the profit growth rate remains negative, indicating pressure on core profitability [2] - There is optimism regarding the North Exchange's future performance, with favorable factors accumulating and clear signals of policy warming, particularly the anticipated launch of the North Exchange 50 ETF, which is expected to attract incremental funds [2] - The North Exchange aims to enhance investment transaction convenience by accelerating the launch of the North Exchange 50 ETF and exploring after-hours fixed-price trading [2]