北交所周报（1.19-1.23）：本周建筑材料赛道涨幅居前，北交所新股申购资金首次突破万亿元关口-20260126

Investment Rating - The industry investment rating is maintained at "Accumulate" [2] Core Insights - The report highlights that the overall market performance of the North Exchange has shown a positive trend, with the North Exchange 50 Index increasing by 2.58% to close at 1588.66 points as of January 23, 2026. In contrast, the Shanghai and Shenzhen 300 Index decreased by 0.68% [5][12] - The top five performing sectors in the A-share market this week were building materials, steel, non-ferrous metals, chemicals, and real estate, with respective increases of 7.50%, 6.32%, 5.49%, 4.47%, and 4.08% [18] - A total of 290 companies are listed on the North Exchange, with an average market capitalization of 3.335 billion [12][20] Summary by Sections North Exchange Market Overview - As of January 23, 2026, the North Exchange comprises 290 constituent stocks with an average market capitalization of 3.335 billion. The North Exchange 50 Index has risen by 2.58%, while the Shanghai and Shenzhen 300 Index has decreased by 0.68% [5][12] - The average daily trading volume for the North Exchange A-shares was 26.8 billion, reflecting a 35% decrease from the previous week, with a turnover rate of 5.44% [15][16] Industry Performance - The report indicates that the top five sectors in terms of growth in the A-share market are building materials, steel, non-ferrous metals, chemicals, and real estate, with growth rates of 7.50%, 6.32%, 5.49%, 4.47%, and 4.08% respectively [18] North Exchange New Stocks - There were no new stock issuances during the week, but updates on the review status of 17 companies were provided, with 4 companies approved for the listing committee meeting and 3 companies registered [25] North Exchange News - On January 25, 2026, the new stock Meidele announced that its online subscription amount reached 1,058.86 billion, marking the first time the subscription funds for new stocks on the North Exchange exceeded the 1 trillion mark, setting a historical record [27] North Exchange Investment Strategy - The report suggests focusing on sectors such as data centers, robotics, semiconductors, consumer goods, and military information technology for potential investment opportunities in 2026 [28]