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

Investment Rating - The industry investment rating is maintained at "Add" [2] Core Insights - The overall market performance of the North Exchange shows 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 comparison, the Shanghai and Shenzhen 300 Index decreased by 0.68%, while the ChiNext Index and the Sci-Tech 50 Index increased by 0.36% and 3.11%, respectively [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] - Among the 290 stocks listed on the North Exchange, 217 stocks rose, 72 fell, and 1 remained flat, resulting in a rise ratio of 75% [20] Summary by Sections North Exchange Market Overview - As of January 23, 2026, there are 290 constituent stocks in the North Exchange, with an average market capitalization of 3.335 billion [12] - The average daily trading volume for the North Exchange A-shares was 26.8 billion, which is a decrease of 35% from the previous week, with a turnover rate of 5.44% [15][16] North Exchange New Stocks - No new stocks were issued this week. As of January 19-23, 2026, 17 companies updated their review status to "inquired," 4 companies were approved by the listing committee, 3 companies were registered, and 1 company had its listing committee meeting postponed [25] North Exchange News - On January 25, 2026, the new stock Meidele announced that its online effective subscription amount reached 1,058.86 billion, marking the first time the subscription funds for new stocks on the North Exchange exceeded 1 trillion, setting a historical record [27] North Exchange Investment Strategy - The report suggests focusing on high-quality development in 2026, with recommended sectors including: 1. Data Centers: KLT and Shuguang Data Creation 2. Robotics: Suzhou Axis, Audiwei, JunChuang Technology, and Fuheng New Materials 3. Semiconductors: Hualing Co. and Kaide Quartz 4. Consumer Goods: Taihu Snow, Baixinglong, Lusi Co., Kangbiter, and Thunder God Technology 5. Military Information Technology: Chengdian Guangxin and Xingtuzhihui [28]