银河证券北交所日报-20250709

Market Performance - On July 9, 2025, the North Exchange 50 index decreased by 0.75%, closing at 1410.36 points[3] - The overall trading volume on the North Exchange was 22.444 billion yuan, with a turnover rate of 4.28%[3] - Compared to the previous week, the average daily trading volume decreased from 27.983 billion yuan[3] Industry Trends - The most significant gainers were in the social services sector (+14.3%), construction decoration (+3.1%), media (+2.3%), and beauty care (+0.6%)[3] - The largest declines were seen in transportation (-3.7%), computer (-2.5%), petroleum and petrochemicals (-2.4%), and communications (-2.2%)[3] Stock Performance - Among 268 listed companies, 46 rose, 4 remained flat, and 218 fell[3] - The top performer was Guoyi Bidding, which increased by 29.97%, followed by Kairun Intelligent Control (+7.66%) and Zhongfang Biao (+7.35%)[3] Valuation Metrics - The overall valuation of the North Exchange was 50.21 times earnings, which is higher than the ChiNext (36.30) but lower than the Sci-Tech Innovation Board (53.00)[3] - The highest average P/E ratio was in the electronics sector at 199.3 times, followed by computers (141.4 times) and agriculture (118.8 times)[3] Risk Factors - Risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[3]