Market Overview - The A-share market experienced an overall pullback in the third week of November 2025, with the average daily trading amount on the Beijing Stock Exchange (BSE) falling to 214 billion yuan, a decrease of 5.86% from the previous week[1] - The BSE 50 Index declined by 0.56%, which is less than the declines seen in other major indices, indicating relative stability[1] Trading Activity - The average daily trading volume on the BSE was 213.92 billion yuan, with a turnover rate of 22.52%[1][8] - The BSE's trading volume accounted for 1.05% of the total market, reflecting a further decrease in trading activity compared to the previous week[11] Sector Performance - Among the 24 sectors on the BSE, 13 sectors had a positive median return, with the utilities sector leading at a median increase of 4.54%[18] - The automotive sector had the largest median decline at -2.22%[18] Valuation Insights - The computer sector had the highest trailing twelve months (TTM) price-to-earnings (P/E) ratio at 141.58 times, followed by the communication sector at 129.85 times, while the construction and decoration sector had a relatively low P/E ratio of 28.08 times[18] New Listings and IPOs - During the week, there was one IPO on the BSE, with no new stocks listed[36] Risks - There is a noted risk of further pullback in BSE stock performance, particularly following the historical high of the BSE 50 Index on September 8, 2025[38]

Market Performance - On June 16, 2025, the North Exchange 50 index increased by 1.84%, closing at 1408.15 points[3] - The overall trading volume on the North Exchange was 28.73 billion CNY, with a turnover rate of 5.21%[3] - Compared to the previous week, the average daily trading volume decreased from 32.60 billion CNY to 28.73 billion CNY[3] Sector Performance - The top-performing sectors included Oil & Petrochemicals (+19.3%), Utilities (+6.0%), and Computers (+3.5%) on June 16, 2025[3] - The sectors with the largest declines were Textiles & Apparel (-4.9%), Defense & Military (-1.3%), and Transportation (-1.3%)[3] Individual Stock Performance - Among the 267 listed companies, 182 saw their stock prices rise, while 78 experienced declines[3] - Leading gainers included Meideng Technology (+21.85%) and Huaxin Yongdao (+19.72%) while the largest decliners were Yeguangming (-8.84%) and *ST Yunchuang (-6.35%)[3] Valuation Metrics - The overall valuation of the North Exchange was approximately 50.83 times earnings, higher than the ChiNext's 34.40 times[3] - The highest average P/E ratios were in the Electronics sector (209.9 times) and Computers (148.3 times)[3] Risks - Potential risks include lower-than-expected policy support, insufficient technological innovation, intensified market competition, and market volatility[3]