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China stocks on the move by noon, April 23, 2010

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mall April 23, 2010 (Chinavestor) Large cap China stocks suffered by noon but small caps shrugged off bad news and took merit from strong new home sales. Forgotten and/or oversold stocks took the lead in the morning on Friday. City Telecom (NASDAQ:CTEL) jumped +8.2% followed by China Integrated energy (NASDAQ:CBEH) by noon. Mindray Medical (NYSE:MR), a fundamentally solid yet oversold stock came off previous lows with a 6.1% advance in the morning.

Stocks with big reversal from yesterday include China Technology Development Group Corp. (NASDAQ:CTDC), Semiconductor Manufacturing (NYSE:SMI) and above mentioned CBEH.

top_2010423_noonetf

China Eastern Airline (NYSE:CEA) fell -2.89% while bigger rival China Southern Airlines (NYSE:ZNH) advanced +0.80% the same time. Update: China Southern Airlines remains explosive.

Stocks with the biggest move today morning is listed in the following chart.

top_2010423_noonchart



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