北交所周报（1.12-1.16）：北交所本周量能放大，指数冲高回落-20260121

Investment Rating - The report maintains an "Accumulate" rating for the industry [1]. Core Insights - The North Exchange has shown increased trading volume, with the North 50 Index rising by 1.58% to close at 1548.32 points during the week of January 12-16, 2026. In comparison, the CSI 300 and Shanghai Composite Index fell by 0.57% and 0.45%, respectively [4][10]. - The average market capitalization of the 288 constituent stocks in the North Exchange is 3.269 billion [4][10]. - The average daily trading volume for the North Exchange reached 40.981 billion, a 55.52% increase from the previous week, with a daily turnover rate of 7.89%, up by 2.82 percentage points [4][14]. Summary by Sections North Exchange Market Overview - As of January 16, 2026, the North Exchange has 288 listed companies with a total market value of 928.586 billion and a circulating market value of 578.995 billion [1]. - The top five performing sectors this week were Computer, Electronics, Non-ferrous Metals, Media, and Machinery Equipment, with gains of 3.82%, 3.77%, 3.03%, 2.04%, and 1.91%, respectively [4][17]. New Stocks on the North Exchange - During the week of January 12-16, 2026, 17 companies updated their review status to "inquired," while two companies received approval from the listing committee, and three companies submitted registration [5][22]. Key News from the North Exchange - The North Exchange's stock Star Map Control (920116) was highlighted for its significant trading activity, with a cumulative price deviation of 45.92% from January 9-13, 2026 [6][27]. - A notice was issued on January 14, 2026, adjusting the minimum margin ratio for new financing transactions from 80% to 100% to control leverage and promote healthy market development [6][27]. Investment Strategy for the North Exchange - The report suggests focusing on sectors expected to perform well in 2026, including: 1. Data Centers: KLT and Shuguang Data Creation 2. Robotics: Suzhou Axis, Audiwei, Jun Chuang Technology, and Fuheng New Materials 3. Semiconductors: Hualing Co. and Kaide Quartz 4. Consumer Goods: Taihu Snow, Bosheng Long, Lusi Co., Kangbiter, and Thunder God Technology 5. Military Information Technology: Chengdian Guangxin and Star Map Control [6][25].