北交所2024年11月月报：交所开市三周年，市场交投活跃

Investment Rating - The report maintains an "Outperform" rating for the North Exchange market [2] Core Insights - The North Exchange has seen an increase in trading activity, with a total market capitalization reaching a new high of 686.5 billion yuan, and a circulating market value of 402.1 billion yuan, reflecting increases of 13.5% and 12.7% respectively [2][12] - The North Exchange 50 Index experienced a slight increase of 1.25% at the end of the month, indicating a fluctuating trend with rotating leadership among sectors [2][38] - The report highlights that the North Exchange has become a primary platform for innovative small and medium-sized enterprises, with over 259 listed companies and more than 7.6 million qualified investors [2][12] Market Overview - In November 2024, the North Exchange added three new companies, bringing the total to 259 [12] - Monthly trading volume reached 43.1 billion shares, with a transaction amount of 833.6 billion yuan, marking increases of 9.5% and 33.4% respectively [12][23] - The North Exchange 50 Index's price-to-earnings ratio (PE-TTM) stood at 54.82, placing it in the 96.89th percentile over the past two years [29][30] Industry Performance - Most industries recorded gains, with leading sectors including food and beverage, textiles, household appliances, public utilities, transportation, and agriculture, all showing increases of over 30% [46] - The report notes a rotation in leading sectors compared to the previous month, where sectors like communication, media, electronics, and construction materials saw reduced gains or slight declines [46] Individual Stock Highlights - The top ten stocks by monthly increase included Zhu Laoliu, Lingge Technology, and Dadi Electric, with significant percentage gains [53] - The report also lists the top ten stocks by transaction amount, with Ai Rong Software and Hualing Shares leading the list [56] Policy and Important Events - The North Exchange celebrated its third anniversary, achieving significant milestones in market development and support for specialized and innovative enterprises [2][12]