Weak Market Holdings Of More Than Four Hundred Million Shares Of &Nbsp; Major Shareholders Frequently Hand Over The Winter.

In September 29th, 12.67,0.00,0.00% announced that 9 directors and senior managers of company chairman Chen Ling and so on had bought the company in September 28th.

Up to now, the Shanghai and Shenzhen 300 (2588.185,0.00,0.00%) index has dropped nearly 10% in September.

However, many senior shareholders, including directors and supervisors of listed companies, have begun to copy "bottom".

According to our reporter's incomplete statistics, since September alone, the number of listed companies has been increased by more than 400 million shares.

On the day before, 5.08,0.00,0.00% announced that Baosteel Group, the controlling shareholder of the company, increased 20 million shares of the company in September 27th, accounting for 0.11% of the total shares issued by the company.

Baosteel said that Baosteel Group will continue to be in the two tier market in its own name in the next 12 months.

"From the past month, the signs of industrial capital involvement have been reflected, and this phenomenon has become more evident since late September.

This indicates that the long-term value of industrial capital is expected to improve.

Zhang Yidong, chief strategist of 14.38,0.00,0.00%, said.

Large shareholders of cyclical plate are unwilling to be lonely

Announcements of increasing holdings since September

"From the current industry characteristics, the cyclical industry has become the main focus of industrial capital in and out, and the phenomenon of overweight and reduction has occurred all the time."

Zhao Wei, analyst at Founder Securities (6.70,0.00,0.00%), said.

It is worth mentioning that in the listed companies that issued the announcement of overweight announcements since September, the main targets of the increase were the holdings of 8.33,0.00,0.00%, 3.39,0.00,0.00%, 4.57,0.00,0.00%, 7.10,0.00,0.00%, 7.10,0.00,0.00%, 10.03,0.00,0.00%, China Metallurgical (3.04,0.00,0.00%), Changjiang Electric Power (6.27,0.00,0.00%), CHINT electric (15.16,0.00,0.00%), conch cement (17.65,0.00,0.00%), Haixiang Pharmaceutical (20.20,0.00,0.00%), China coal energy (9.07,0.00,0.00%), Sichuan Changhong (Xiamen), Xiamen Industrial Corporation, Baoshan Iron and Steel Group, Yongtai energy and other listed companies.

Up to now, in the change of the holdings of the key shareholding holders of Dong Jian, there are mainly low-end stock holdings, such as silver based development (3.02,0.00,0.00%), China Ocean (6.17,0.00,0.00%), fortune 8.51,0.00,0.00%, 21.78,0.00,0.00%, Haixiang pharmaceutical and Xiagong shares.

The industry of its stock holdings is also dominated by cyclical industries, including machinery and equipment, light manufacturing, pportation and so on.

At the same time, statistics also show that in the past two months, the reduction of large shareholders and the number of net holdings decreased.

According to the data center statistics of Shenzhen Securities Information Co., as of now, the A share market has reduced the total number of major shareholders by 283 million 391 thousand and 800 shares, a sharp reduction of 37.97% in the ratio of the stock market, a net reduction of 177 million 288 thousand and 400 shares and a sharp decrease of 41.52% in the annulus.

Among them, the increase or decrease of major shareholders is mainly concentrated in the main board companies.

The number of major shareholders of the main board accounted for 84.89% of the total market, and the number of holdings increased to 91.78% of the total market, while the number of small and medium-sized board holdings accounted for 10.78%, the number of holdings increased to 8.22%, and the number of gem holdings accounted for 4.33%.

"However, including the increase of major shareholders, even though the increase in the number of key shareholding holders in September has increased, the net reduction still dominates."

Zhao Wei said.

This reporter statistics found that only a week since September 19th, the largest shareholder holdings of hundreds of millions of companies have *ST Chang nine, *ST Chong, Pacific (8.04,0.00,0.00%), Duolun shares (8.92,0.00,0.00%), the Bank of China (6.86,0.00,0.00%) and other 5 companies.

Among them, the cashmere industry and Duolun share reduction amount is nearly 200 million yuan.

If Ningxia silver bank's controlling shareholder, Bank of China, in September 26th and 27th, reduced 14 million 300 thousand shares and 13 million 500 thousand shares by bulk trading respectively, the total cash dividend was 185 million 600 thousand yuan.

Short term difficult to boost stock prices

After the announcement of personal and corporate holdings, the market's reaction is relatively calm, and the chance of excess return is around 50%.

Ping An Securities analyst Cai Dagui said, including the increase in holdings of large shareholders, executives have no substantial impact on the company's performance, only representing the confidence of major shareholders and executives in the development of the company. In the short term, it will not have a big impact on the two tier market. Blindly following the trend and participating in the two tier market after executives' holdings may not be able to get profits.

Cai Dagui said that from the motivation of listed companies to increase holdings, shareholders' holdings are sometimes for the purpose of protecting the market. For the companies that need further financing or equity incentive, they need to maintain a good image of the company. Some shareholders increase (decrease) in order to show the managers' good market value management ability.

Statistical results show that after the announcement of personal and corporate holdings, the market's reaction is relatively calm, and the chance of excess return is around 50%.

In the first month after the executives' holdings, the stock has exceeded the market performance in the two tier market, with a monthly excess return of 4.4%, with a 70% probability over the market.

In addition, in terms of industry distribution, pportation, warehousing, social services, papermaking, printing and mining industries are hard to get beyond the overall market performance, while the industries with larger elasticity such as metal, non-metal, manufacturing, finance and insurance, construction and other industries can get higher absolute gains and relative returns, and the probability of obtaining high returns is relatively high, more than 60%.

This reporter noted that, as long as Baosteel Group's controlling shareholder Baosteel Group's holdings before this year, Baosteel's senior executives have been holding shares for many times this year.

Most of its holdings are concentrated in 5~7 months, and the price increase is more than 6 yuan, which is nearly 20% higher than Baosteel Group's holding price.

Nevertheless, Baoshan Iron and Steel shares are still on the low side in the two tier market.

In September 26th, Baoshan Iron and Steel Group bottomed out to 4.94 yuan, breaking through the 5 yuan integer pass.

Prior to that, the company's stock price fell below 5 yuan last time, in April 29, 2009.

Yongtai energy control shareholders choose to increase their holdings at this time, the intention of the company's directional issuance of escort has been very obvious.

At the beginning of August, a new round of Yongtai energy private placement scheme was approved by the shareholders' meeting.

According to the plan, the company intends to issue no more than 316 million 130 thousand shares to more than 10 specific investors, including Yongtai holding, raising about 4 billion 900 million yuan for the acquisition of 70% stake in Shaanxi Yihua mining company and the replenishment of Huaying Shanxi energy company.

In the two tier market, the Yongtai energy share price has dropped below 15.50 yuan in private placement.

In September 27th, the Yongtai energy announcement said that the controlling shareholder Yongtai holdings adopted the Shanghai Stock Exchange's centralized auction trading system in September 26th and increased the share price of 1 million 409 thousand and 300 shares by 13.96 yuan / share, accounting for 0.248% of the total share capital.

On a trading day before Yongtai holdings increased, Yongtai's energy share price dropped to 13.35 yuan / share, which has already been reduced by 13.87%.