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北交所周报(2025年10月第3周):北证交易活跃度下降,北证50指数继续回调-20251023
GUOTAI HAITONG SECURITIES·2025-10-23 12:24

Trading Activity - The average daily trading volume on the Beijing Stock Exchange (BSE) decreased by 2.56% to 185.22 billion CNY, compared to 190.07 billion CNY in the previous week[8][11] - The trading volume of the BSE accounted for only 0.84% of the total market, remaining below 1%[12][11] Index Performance - The BSE 50 Index fell by 4.91% during the week, continuing its downward trend since reaching a peak of 1670.01 on September 8, resulting in a total decline of 14.21%[13][39] - Other major indices also experienced declines, with the ChiNext Index leading the drop at -5.71%[19][13] Sector Analysis - Most sectors on the BSE showed negative median returns, with the transportation sector leading gains at 2.27%, while the non-ferrous metals sector had the largest decline at -8.08%[18][24] - The computer industry had the highest median price-to-earnings (P/E) ratio at 125.15, followed by light industry manufacturing at 100.02, indicating relatively high valuations[18][24] New Listings and IPOs - One new stock was listed and one was in the process of going public during the week, with the newly listed stock, Changjiang Nengke, seeing a first-day price increase of 281.31%[35][36] New Third Board Activity - The trading volume on the New Third Board increased significantly, with the innovative tier and basic tier seeing weekly trading amounts of 12.55 billion CNY and 1.89 billion CNY, respectively, marking increases of 121.03% and 158.21% from the previous week[31][32]