北交所周观察第三期：北证50指数连续三个月上涨，五新隧装拟定增收购大股东资产

Market Performance - The North Exchange 50 Index increased by 1.25% in November, trailing behind the Sci-Tech 50 (+3.91%), Growth Enterprise Board (+2.08%), and Shanghai Composite Index (+1.42%) [2] - The North Exchange 50 Index has risen by 18.46% from January to November 2024, ranking second among major indices, only behind the Growth Enterprise 50 Index (+25.56%) [15] - The average daily trading volume in November reached 397 billion CNY, up from 347 billion CNY in October, while the average daily trading volume decreased from 21.85 billion shares to 20.50 billion shares [26] Valuation Metrics - As of November 29, 2024, the overall price-to-earnings (P/E) ratio for North Exchange A-shares was 43X, while the North Exchange 50 Index had a P/E ratio of 55X [33] - The P/E ratio for North Exchange A-shares increased from 42.85X to 43.30X during the week of November 25 to November 29, 2024 [62] IPO Activity - In November, three companies were listed on the North Exchange, raising a total of 7.53 million CNY, which is an increase compared to October [39] - The average first-day gain for new stocks in November was over 350%, continuing the high performance from October [39] Mergers and Acquisitions - Wuxin Tunnel Equipment plans to acquire 100% equity of Wuxin Heavy Industry and Xiongzhong Technology, enhancing its capabilities in high-end logistics equipment manufacturing [57] - The acquisition is expected to significantly boost Wuxin Tunnel Equipment's performance and market competitiveness, supporting its goal of achieving a revenue target of 10 billion CNY [57]