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China stock market summary March 31, 2010

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buy-sell March 31, 2010 (Chinavestor) Shares of Chinese companies ended the quarter on a low note on Wednesday, both large and small caps ending the day in the red. Large cap stocks have been outperforming thanks to strong money flows in Shanghai. The final regulatory approval for margin trading, index futures and short selling spurred investors optimism for liquid stocks in Shanghai. Chinese insurers, large financial institutions and insurers are primary beneficiaries of the change.

Small cap stocks remained volatile both in Hong Kong and on U.S. equity markets. Earnings, the dollar, oil and the perceived yuan revaluation drove stock prices for the week.

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Chinese airliners, coal and oil companies pulled large cap stocks higher. Focus Media Holdings (NASDAQ:FMCN) advanced he most in dollar terms, followed by China Life Insurance (NYSE:LFC). NYSE listed ADRs of Petrochina (NYS:EPTR) and Yanzhou Coal (NYSE:PTR) caught up with their Asian listings.

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But CNOOC LTd. (NYSE:CEO) fell -$2.17 following 2009 Annual report. Lower oil price dents into net 2009 for CNOOC.

China Agritech (NASDAQ:CAGC) ended the day in the red as well after reporting a quarter over quarter net decline. CAGC 2009 Q4 numbers disappoint.



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