北交所市场周报：政策预期引领市场活跃，关注结构性投资机会-20251222

Investment Rating - The report indicates a positive investment outlook for the industry, suggesting a focus on structural investment opportunities driven by policy expectations [2][28]. Core Insights - The North Exchange market showed an average daily trading volume of 22.62 billion yuan, a 16.0% increase week-on-week, while the North Certificate 50 index fell by 0.13% [1][7]. - Key stocks that performed well included Tianli Composite (up 41.4%), Hanxin Technology (up 40.6%), and Hongxi Technology (up 26.0%), while the biggest losers were *ST Guandao (down 41.5%) and Kangla Weishi (down 20.0%) [1][14]. - The macroeconomic environment is characterized by a dual drive of strengthened policy expectations and boosted domestic demand, with a focus on consumer service-related enterprises benefiting from favorable policies [2][28]. Summary by Sections Market Overview - The North Exchange's average daily trading volume reached 22.62 billion yuan, reflecting a 16.0% week-on-week increase, with a daily turnover rate of 2.4% [1][7]. - The North Certificate 50 index experienced a slight decline of 0.13% during the week [1][7]. Key News and Policies - Xi Jinping emphasized the strategic importance of expanding domestic demand to maintain economic stability, advocating for measures to stimulate consumption and optimize income distribution [17][20]. - The Ministry of Industry and Information Technology announced the first batch of L3 conditional autonomous driving vehicle approvals, enhancing interest in the smart driving industry chain [19][29]. Core Driving Factors - The report highlights a positive market sentiment with increased trading activity, as evidenced by the 16.0% rise in average daily trading volume [28][31]. - The focus on emerging industries such as commercial aerospace, autonomous driving, and new energy is expected to drive growth [28][30]. Investment Recommendations and Strategies - The report suggests focusing on new productive forces, particularly in emerging sectors like commercial aerospace, autonomous driving, and biotechnology, while also considering companies with high growth potential based on financial metrics [32]. - Short-term attention is recommended for North Certificate 50 weighted stocks and newly added index constituents, which may benefit from passive allocation demands from index funds [32].