本报讯 春节之后，产业资本“跑路”的格局并未发生太大变化，截至昨日收盘，净减持金额达到26.8亿元。其中，增减持操作共计204笔，减持149笔，净减持个股数量为48只；增持55笔，净增持个股数量为15只；承德露露(000848,股吧)处于增减持持平的状态。

Report from our correspondent after Spring Festival,Industrial capital"run"The pattern does not change too much,As of yesterday s,Net holdings of $2.68 billion.Among them,Increase and decrease the operation a total of 204,Holdings of 149,Net underweight stocks for 48 only;Increase its 55 pen,A net gain of holding stocks is 15 only;Chengde lulu(000848,stocks)In the condition of holding flat increase or decrease.

　　德邦证券资深投资顾问胡青对记者表示，节后，尤其节后的第一周，产业资本增持的金额继续大幅回落，但同期的减持金额也要比上个交易周明显回落，并且减持公司家数大幅减少。从长期的数据对比发现，目前的减持或已达到较为安全的水平。总体来看，产业资本的增减持数据偏正面。

DE bont securities senior investment advisers Hu Qing told reporters,The holiday,Especially after the first week,Industry the amount of capital increase continued to fall sharply,But also reduce its amount during the same period last la fell significantly,And rose sharply reduce holdings company.From the data contrast found that for a long time,Now underweight, or have reached safe levels.In general,Industrial capital increase or decrease the positive data.

　　据Wind统计显示，春节之后的第一周，产业资本净减持16.6亿元，较春节前一交易周减少了18.9亿元，降幅高达53.2%。今年以来，产业资本累计净减持金额为159.4亿元，日均减持4.83亿元。产业资本在节后的日均减持金额为3.83亿元，较年内平均水平下降了20.7%。

According to Wind statistics show,The first week after the Spring Festival,Industrial reduction of net capital is 1.66 billion yuan,Before the Spring Festival a la can reduce 1.89 billion yuan,Drop up to 53.2%.Since the beginning of this year,Industrial capital accumulated net holdings amount to 15.94 billion yuan,Daily average holdings of $483 million.Industrial capital after reduction of average daily amount is 383 million yuan,Down 20.7% from the year's average level.

　　自2005年股改以来，产业资本减持已经司空见惯，尤其在今年2万多亿元的解禁高压下，减持就更加常态化，并且2月份还是今年上半年的解禁最高峰，那么对减持就应理性看待，不可听风就是雨。兴业证券(601377,股吧)策略研究团队分析认为，从历史数据看，控股大股东一般不会轻易减持，特别是国企控股大股东减持的概率更小，将这部分解禁剔除后才是真实的压力，与指数的相关性才更强。

Since the share reform in 2005,Industrial capital holdings has been commonplace,Especially in this year of the release of more than 20000 one hundred million yuan under high pressure,Holdings is a more permanent basis,And is released for the first half of this year's highest peak in February,So to reduce its should be rational view,Do not listen to the wind is the rain.Societe generale securities(601377,stocks)Analysis strategy research team,Look from the history data,Holding holdings of major shareholders generally do not easily,Especially the holdings of major shareholders holdings in state-owned enterprises more small probability,This part will be lifted after stripping out is the real pressure,With the index of correlation is more strong.

　　在巨额减持的背后，尤其是行情走低时，产业资本细微的增持动作通常不易被人察觉。2月份以来，产业资本已先后净增持个股37只，沪深300指数月内下跌4.44%，被增持的个股中有30只跑赢指数，占比超过八成，其中有22只个股逆势上涨。金螳螂、天富热电(600509,股吧)、华天酒店(000428,股吧)、荣安地产(000517,股吧)、青岛金王(002094,股吧)等10余只个股，在不菲的增持下暂时还未有明显表现。

In the back of a huge holdings,Especially when prices fell,Slight increase industry capital movement is usually not easy to be perceived.Since February,Industrial capital has successively held a net gain of individual stocks only 37,The csi 300 index fell by 4.44% in a month,Being overweight has 30 outperform index stocks,Accounting for more than eighty percent,There are 22 stocks contrarian rise.Gold mantis/Tianfu thermoelectric(600509,stocks)/Huatian hotel(000428,stocks)/RongAn property(000517,stocks)/Qingdao jin wang(002094,stocks)Such as more than 10 stocks,Under the high increase temporarily haven't obvious.

　　值得注意的是，沪深两市节后持续下跌，创业板指数却逆势上涨了3.43%，而产业资本的动态基本与行情也正相关。从产业资本增减持数据来看，在149笔减持中，来自沪深主板的减持占到64笔，尽管数量并不算多，但超过16亿元的减持金额在减持总额中的占比超过六成，而15只净增持个股中；创业板、中小板个股占据10只。

It is worth noting,Shanghai and shenzhen two cities after falling,The gem index has jumped by 3.43%,And dynamic basic industry capital market is also related.From the industry capital increase or decrease in the Numbers,In the 149 pen underweight,From Shanghai and shenzhen main board accounted for 64,Although the quantity is not much,But reduce its amount of more than 1.6 billion yuan in total holdings of more than sixty percent,And 15 a net gain of individual stocks;The gem/Small and medium-sized board stocks account for 10.