Top China ADR Portal

China ADR stock research

Pre-Market Report

Technical Analysis

JP Morgan takes profits from China Telecom sale

JP Morgan takes profits from China Telecom sale

April 8, 2010 (Chinavestor) - U.S.-based financial holding company JPMorgan Chase & Co has decreased its shareholding in China Telecom Co. Ltd. (HKG:0728) (NYSE:CHA) to 5.94% from 6.01% on April 1, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx) (HKG:0388).

HKEx said in a statement that JPMorgan Chase has sold 9.827 million H-shares in China Telecom (NYSE:CHA) for HK$38.30 million. The average price of the share transaction was HK$3.88 apiece.

Last month, shares of China Telecom (NYSE:CHA) outperformed larger China Mobile (NYSE:CHL) and China Unicom (NYSE:CHU). China Telecom (NYSE:CHA) reported the fastest mobile growth year-over-year in percentage terms and is expected to carve out a significant portion of the 3G smart phone pie as well. China telecom industry in 2009.

H-shares of China Telecom soared over 10% in March and a small profit taking in early April makes perfect sense.

 

 
Technical Analysis

World markets fall on Greece's ills

World markets fall on Greece's ills April 8, 2010 (Chinavestor) Advancing over +4% in the last two weeks, the Hang Seng Index (INDEXHANGSENG:.HSI) was ready to take a break. The same was true for the Shanghai Composite Index (SHA:00000...
Read more...
Technical Analysis

China shares rally in HK while Shanghai takes a breather

China shares rally in HK while Shanghai takes a breather April 7, 2010 (Chinavestor) The first day of trading following the Easter Holiday break sent shares in Hong Kong higher, playing catch up with the rest of the world. The Hang Seng Index (INDEXHANGSEN...
Read more...
Technical Analysis

Shanghai takes a breather on Tuesday, HK opens tomorrow

Shanghai takes a breather on Tuesday, HK opens tomorrow April 6, 2010 (Chinavestor) European markets rallied today on strong U.S. market sentiment while Shanghai was hanging on to last week's record gains. The Shanghai Composite Index (SHA:000001) slipped...
Read more...
Technical Analysis

Stocks up in Asia on strong U.S. jobs data

Stocks up in Asia on strong U.S. jobs data April 5, 2010 (Chinavestor) Markets were closed in Hong Kong and Shanghai on Monday but stocks rose in Asia following a strong U.S. jobs report. Besides China, stock markets were closed in Australi...
Read more...
Page 142 of 184

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday