北交所日报-20250424

Market Performance - The average daily change for the North Exchange (北证) was positive, while the A-share market (沪深300) showed varied performance with fluctuations between -40% to +100%[2] - As of April 24, 2025, the trading volume on the North Exchange reached a total of 600 billion CNY, with an average turnover rate of 16%[6] Stock Performance - The top-performing stock on April 24, 2025, was Lu Si Co. (路斯股份), which increased by 14.74% and had a market capitalization of 24.29 billion CNY[8] - The worst-performing stock was Kobalt (科拜尔), which decreased by 14.47% with a market capitalization of 21.84 billion CNY[9] Valuation Metrics - The average price-to-earnings (PE) ratio for the North Exchange companies was reported, indicating varying levels of valuation across different sectors[10] - The valuation changes for the North Exchange compared to the Sci-Tech Innovation Board (科创板) and the Growth Enterprise Market (创业板) were analyzed, showing significant differences in investor sentiment[11] Risks and Considerations - Potential risks identified include lower-than-expected policy support, insufficient technological innovation, increased market competition, and market volatility[13]