北交所日报-2025-03-26

Market Performance - The average daily change for the North Exchange (北证) was significantly positive, with a peak increase of 23.62% for the top-performing stock, Morning Light Cable (晨光电缆) on March 26, 2025[8] - The North Exchange's trading volume reached a total of 600 billion CNY, with an average turnover rate of 16% as of March 26, 2025[7] - The average daily change for the A-share market (沪深300) was also positive, but specific percentage values were not provided in the report[2] Stock Performance - The top ten stocks by increase on March 26, 2025, had market capitalizations ranging from 9.77 billion CNY to 82.22 billion CNY, with the highest PE ratio being 2,134.56 for Jilin Carbon Valley (吉林碳谷)[8][9] - Conversely, the top ten stocks by decrease included a significant drop of 24.86% for Guangdao Digital (广道数字), with a market cap of 9.58 billion CNY[9] Valuation Trends - The report indicates a valuation trend for the North Exchange compared to the Science and Technology Innovation Board (科创板) and the Growth Enterprise Market (创业板), with specific valuation multiples not detailed[10][11] - The PE ratios across various industries on the North Exchange were analyzed, showing a diverse range of valuations[12] Risks and Considerations - The report highlights several risks, including lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[14]