Core Insights - The Beijing Stock Exchange (BSE) is currently in a weak consolidation phase, with an average daily trading volume dropping to around 16 billion yuan, indicating insufficient rebound momentum in the market [5][6] - The new chairman of the BSE has signaled key initiatives such as accelerating the launch of the North Certificate 50 ETF and attracting more institutional funds, which has boosted market confidence and led to a significant increase in the North Certificate 50 Index by over 8% in a single day [5][6] - The report suggests focusing on North Certificate 50 constituent stocks and high-quality candidates with potential for inclusion as a low-position layout direction, given the clear flow of funds and verifiable fundamentals [5] Market Review and Valuation - As of October 30, 2025, the North Certificate 50 Index rose by 1.62% in October, with a maximum increase of 5.74% during the period. Among the stocks listed on the BSE, 207 stocks increased, 71 decreased, and 2 remained unchanged [6][15] - The average price-to-earnings (PE) ratio for the North Certificate 50 Index is 69.81 times, while the median is 69.50 times. In comparison, the ChiNext Index has an average PE of 43.55 times, and the Sci-Tech Innovation Board has an average PE of 176.69 times [23] New Stock Dynamics - In October, three new stocks were listed on the BSE, bringing the total number of listed companies to 280 as of October 30, 2025. During the same period, three companies were subscribed and listed [32] Key Company Announcements - New Weiling announced a stock repurchase plan for restricted shares based on performance assessments, while Hongzhi Technology is planning to establish a joint venture in Indonesia to expand its market presence [38][40] - Dingzhi Technology has signed an agreement to acquire a 19% stake in its subsidiary, increasing its ownership from 51% to 70% [38]
北交所10月份定期报告：政策信号显现，北交所迎来增量预期
Dongguan Securities·2025-10-31 08:28