北交所市场周报：节后首周交投回暖，寻找业绩真空期新主线-20250513

Investment Rating - The report suggests a positive outlook for the industry, indicating a potential for significant growth in the next 6-12 months, aligning with the "overweight" rating for the sector [42]. Core Insights - The average daily trading volume on the North Exchange reached 31.12 billion yuan, a 45% increase compared to the previous week, reflecting a recovery in market activity [8][9]. - The North Exchange 50 index rose by 3.6%, with a daily turnover rate of 3.4% [9]. - The top three performing sectors were defense and military (+23.2%), textiles and apparel (+19.6%), and machinery (+9.0%) [14][16]. - The report highlights significant individual stock movements, with the top gainers including Qifeng Precision (+79.25%) and Huiwei Intelligent (+41%) [22][23]. Market Overview - The North Exchange's average daily trading volume increased to 31.12 billion yuan, marking a 45% week-on-week rise [8]. - The North Exchange 50 index closed at 1380.9 points, reflecting a 3.6% increase [18]. - The report notes a resurgence in trading activity, with a focus on sectors with technological barriers and domestic substitution logic [26][27]. Key News and Policies - The report discusses the rapid advancement of the Private Economy Promotion Law, which is expected to bolster support for small and medium-sized technology enterprises [2]. - The central bank's recent monetary policy adjustments, including a reduction in the reserve requirement ratio and interest rates, are anticipated to inject over 1 trillion yuan in liquidity into the market [17][26]. Investment Strategy and Recommendations - The report recommends institutional investors focus on two main lines during the performance vacuum: technology growth stocks with barriers and domestic substitution logic (e.g., AI computing, satellite communication, robotics) and policy-driven domestic recovery and high-dividend assets [29]. - It emphasizes maintaining a balanced allocation, prioritizing sectors with high valuation and performance alignment, while also considering emerging themes like humanoid robots and low-altitude economy [29].