Social Security Fund shareholding analysis in the first quarter outlook tends to cautious

Social Security two-quarter increase in the future tend to cautious-the first quarter of the organization's Social Security Fund shareholding analysis Southwest Securities coupling beams with the listed companies in Shanghai and Shenzhen to complete the 2009 quarterly disclosure work, the top ten circulating shareholders of listed companies have become the focus of the market. Because this information will reveal the former QFII, securities investment funds, social security funds, enterprise annuity, brokerage and other institutions on March 31 positions.　　The following is an analysis of the position of the Social Security Fund, showing the main institutions of the future market structure of the forward-looking judgments.　　The Social Security Fund's two-quarter increase in the security Fund in the fourth quarter of 2008, after a sharp increase in the first quarter of 2009 to maintain the momentum of increase in the warehouse. 2009 in the first quarter was included in the top ten circulating shareholders of the stock market value of 15.105 billion yuan, compared to the fourth quarter of 2008 increase of 10.206 billion yuan 4.899 billion yuan, the increase is 48.01%, the highest level in 2008 years since the first quarter. If the Shanghai Composite Index is taken into account in the first quarter of 31.34% cumulative gains, there are still significant increases in evidence.　　The Social Security Fund held 1,400,939,900 shares in the first quarter of 2009, adding 114.0616 million shares to 8.86%, compared with 1,286,878,300 shares in the fourth quarter of 2008. The Social Security fund held only 181 shares in the first quarter of 2009, compared with 156 in the fourth quarter of 2008, with an increase of 25. The number of shares in the Social Security Fund is 51, doubling from the fourth quarter of 2008, the highest level since the fourth quarter of 2007. The number of new stocks increased by more than 50% in the fourth quarter of 2008, as high as 85, the highest level since the third quarter of the 2006-year period, accounting for 46.97% of the stock data held. The number of stocks that were overweight in the first quarter fell to 29, the lowest level since the third quarter of 2008. The number of shares that were flat fell to the lowest level since the two quarter of 2008, to 16.　　It can be seen that the first quarter of the Social Security Fund for a large change of positions, reduce and new into the stock number accounted for 75% percentage. The industry increased machinery, wholesale and retail machinery and equipment in the first quarter of 2009 jumped to the first place, in 2008 fourth quarter ranked sixth. Social Security Fund shareholding 26 listed companies, compared to the fourth quarter of 2008 12 more than 14, position market value of 1.718 billion yuan, compared with the fourth quarter of 2008 625 million yuan increase 1.093 billion yuan, the increase is 74.88%. Among these companies, there are 6 electrical machinery (small swan A, Xu Relay, Icecrown Chase, Sail shares, the United States of electrical appliances are new, Oriental electric was reduced, transport equipment, 9 (Jiangling car, jinlong automobile, Dong ' an power, West Fly International, aerospace morning was new, Shanghai car was overweight, FAW sedan flat, million to Qianchao , FAW Xiali was reduced), the general machinery category has 5 (Shenyang machine tool, Jianghuai Power, Jin billion industrial was new into, the East Force transmission flat, the force source of hydraulic pressure is reduced), Special Equipment has 6 (radio and Television Express, Anhui Heli, Guo Dian South since, Jingwei textile machine, Hua instrument electric is new into, Xinhua medical treatment is reduced).　　Social Security Fund for the machinery of various sub-industries are more optimistic. The historical position of the Social Security Fund shows that the wholesale and retail industry has never entered the "first three", this time from the fourth quarter of 2008, the 18th in the first quarter of 2009 leaped into second place. The Social Security Fund held 12 listed companies in the first quarter of 2009, 5 more than 7 in the fourth quarter of 2008, with a market value of 1.274 billion yuan, which was nearly 186 million times the fourth quarter of 2008, with a significant number of new positions.　　These companies, orchid Health shares, new lakes venture, step by step high, wangfujing, big business shares, Hefei department store, Suning appliances were new, Yintai shares, Xiamen International trade was overweight, Nanjing, the United States, the U.S. apparel, East Hundred group was reduced. The market value of the transportation industry was reduced from the first in the fourth quarter of 2008 to the third in the first quarter of 2009. There are 15 listed companies, more than 13 in the fourth quarter of 2008, more than 2, position market value of 1.25 billion yuan, compared to the fourth quarter of 2008 1.138 billion yuan, more than 112 million yuan, compared to the market increase, there are signs of abating.　　Among these companies, Tianjin Port, Baiyun machine Taste Yue high-speed A, Chu-day high-speed, Shenzhen airport was reduced, Shenche A, Yantian port, *st stock has not changed, Guang-Shen Railway, modern investment, Hainan Airlines, Central Plains high-speed, north China high-speed was new into the positions, Wan-tong high-speed, Gan Yue High speed was overweight. Analysis of the new SME board with high proportion shareholding the first 10 listed companies with a larger market capitalization: Tsingtao Beer, Commodity city was reduced, the Crown agricultural shares, Shanghai automobile, Gan Yue high-speed, the state investment power was overweight, China petrochemical stock has not changed, Suning appliances, Panjiang shares, Jinrongjie was new into the positions. The highest shareholding ratio is Panjiang shares, with a ratio of 10.24%. The biggest increase was in the stake, which increased by 2.04% in the first quarter.　　Compared with the fourth quarter of 2008, Tsingtao Beer, Sinopec, commodity City a total of 3 stocks to maintain the "top ten" position. In the first quarter, Social Security Fund shares accounted for the highest proportion of the top 10 stock control stocks in the proportion of more than 6%, but 2008 IPO companies accounted for half. Among them, Tianwei video, Tsingtao Beer, The Times published, three whole food was reduced, Lu Xiang shares, Panjiang shares, Riverside Group was new into the positions, superior chemistry, Rongsheng development was overweight, alone on the flat.　　Compared with the fourth quarter of 2008, superior chemistry, alone, Tsingtao Beer, the Times published a total of 4 stocks to maintain the "top ten" position.　　Social Security Fund in the first quarter of 2009 has a substantial increase in the operation, but mainly overweight mechanical equipment and wholesale and retail two sectors of the stock, a high proportion of the new SME stock holdings. Social Security Fund first-quarter holdings of the top 10 stocks: Code Name holding market value (million) shareholding ratio (%) Percentage change (%) 2008 year Quarter "Top ten" 002024.SZ suning appliance 48785.72 1.36 new Qingdao beer 600600.SH Qingdao beer 46739.30 9.63-0.13 Shandong High speed 600395.SH Panjiang shares 45478.71 10.24 New Into the tunnel shares 600028.SH Sinopec 45049.13 0.39 0.00 China Petrochemical 600251.SH Guan Nong shares 36213.52 5.15 2.04 Commodity City 600104.SH Shanghai automobile 34898.26 1.08 0.66 　　Shenzhen Airport 600415.SH Commodity City 30600.52 3.53-0.75 Guangdong power a 600269.SH gan Yue High speed 29338.18 4.35 0.22 double Heron Medicine 000402.SZ Jinrongjie 28028.01 1.68 New Gold 600886.SH Power Investment 25905.49 2.39 1.33 Home Market outlook or tend to be cautious the National Social Security Fund last year equity investment rate of return of 6.75%, which is the National Social Security Fund in the establishment of 8 years of equity assets first appeared floating losses. 2009 The National Social Security Fund will control investment risk, prudent stock investment. Data show that the National Social Security Fund 2008 new sources of funding 45.6 billion yuan. As at the end of 2008, the National Social Security Fund total assets of 562.5 billion yuan, the fund's rights and interests 513.2 billion yuan, the full year has achieved the yield of 5.25%. However, as the domestic stock market fell sharply, the National Social Security Fund equity assets from floating to floating losses, the fund equity investment rate of 6.75%. The National Social Security Fund set up 8 years of cumulative investment income of 160 billion yuan, the overall annual return rate of 8.98%, over the same period of annual inflation rate. In November 2008, December, January 2009 Three consecutive months in the A-share market opened the account, the Social Security Fund in February opened a A-share account, seems to be cautious towards the post trend.