Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

China stocks on the move by noon, April 20, 2010

E-mail Print PDF

advance2 April 20, 2010 (Chinavestor) Shares of Chinese companies advanced on the back of strong U.S. market sentiment in New York on Tuesday. Large cap stocks outperformed smaller counterparts though the rally is universal.

Small cap China Information Security Tech, Inc (NASDAQ:CPBY) advanced the most in percentage points but Baidu.com (NASDAQ:BIDU) moved the most in dollar terms after a $17.65 bounce back on Tuesday. New Oriental Education Corp. (NYSE:EDU) rose +7.00% following strong earnings.  ReneSola Ltd. (NYSE:SOL) leads solar makers higher after two days of losses. Industry leader LDK Solar (NYSE:LDK) and Trina Solar (NYSE:TSL) shine as well - just do the rest of the wider energy sector. Telecoms are mixed with China Mobile (NYSE:CHL) lacking momentum while Aluminum Corp. of China (NYSE:ACH) is trading up +1.53% following a better than expected 2010 Q1 profit. Chinese airliners continue to show strength.

top_2010420_noon_etf

Volatile smaller cap stocks moved substantially in the morning. China Information Security Tech, Inc (NASDAQ:CPBY) advanced the most followed by CNinsure (NASDAQ:CISG) and New Oriental Education Corp. (NYSE:EDU). This latter is driven by strong fundamentals - the company just reported better-than-expected financials plus guided higher.

Large cap stocks are riding on the back of strong market momentum. But Hong Kong trading was just as euphoric as in the U.S. Components of the Xinhua 25 Index, measuring the performance of the largest 25 listed stocks in Hong Kong, advanced universally earlier today, only BOC Hong Kong (HKG:2388) closed the day in the red. Chinese telecoms advanced in Hong Kong - suggesting the sluggish performance of China Mobile (NYSE:CHL) today on the NYSE is somewhat a surprise to many.

Solar stocks shine after two days of tumbling. Rene Sola Ltd. (NYSE:SOL) is up +6.0% by noon followed closely by LDK Solar (NYSE:LDK) and Triuan Solar (NYSE:TSL). When industry leader rise, smaller players will follow...

Baidu.com (NASDAQ:BIDU) made a complete reversal from Monday - the stock claimed back all of yesterday's losses. China Telecom (NYSE:CHA), Petrochina (NYS:EPTR) complete the best three players today, measured in dollar change.

For a list of the most advancing China stocks, visit the chart below.

top_2010420_noon_chart

 



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! 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!