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 ADR Wrap June 17, 2010

E-mail Print PDF

buy-sell June 17, 2010 (Chinavestor) – It was another day of tepid gains for U.S. stocks and their Chinese counterparts did not follow suit as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25% Index (NYSE:FXI) both fell more than 1% each. Small-caps offered little refuge with the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) retreating after booking decent gains over the past few days.

end_2010617_etf

Among large-caps, solar stocks once again caught a bid with JA Solar (Nasdaq:JASO), LDK Solar (NYSE:LDK) and Suntech Power (NYSE:STP) all advancing on the day. A curious winner was 51job Inc. (Nasdaq:JOBS), a provider of employment services, which advanced more than 7% today on more than quadruple the average daily volume, but there was no news to drive the robust gain and volume.

end_2010617_lc

Commodities names were a mixed bag with Silvercorp Metals (NYSE:SVM) continuing to look bullish, gaining almost 1.3%. Yanzhou Coal (NYSE:YZC) and Aluminum Corp. of China (NYSE:ACH) did not follow suit, losing 2.2% and 3.3%, respectively. The gaming sector remains a tricky one to navigate as Shanda Games (Nasdaq:GAME) tumbled more than 3% and Internet giant Baidu (Nasdaq:BIDU) also shed about 3%.

WuXi PharmaTech (NYSE:WX) was the biggest loser among Chinese large-caps, dropping by more than 7% as investors continued to voice their opposition to Charles River Laboratories (NYSE:CRL) proposed acquisition of WuXi (NYSE:WX). The $1.6 billion acquisition was announced in late April.

Another suspicious gainer was VisionChina Media (Nasdaq:VISN), which surged almost 17% on volume that was roughly 25% above the daily average, but again, there were no headlines to feed the rally. Gushan Environmental Energy (NYSE:GU) jumped more than 12% on decent volume, but there was no news on this name either. China Architectural Engineering (Nasdaq:CAEI) gained almost 6%, but volume in the name was weak.

end_2010617_sc

Sinovac Biotech (Nasdaq:SVA), China Sunergy (Nasdaq:CSUN), Cogo Group (Nasdaq:COGO), HQ Sustainable Maritime Industries (AMEX:HQS) and eLong (Nasdaq:LONG) all gained more than 2% on Thursday.

Acorn International (NYSE:ATV) slid more than 6%, but volume was exceptionally light less than 17,000 shares compared to average daily trade of almost 131,000 shares. General Steel Holdings (NYSE:GSI) was impacted by some dour trade in the commodities complex, sliding 5.3%. We mentioned 3SBio (Nasdaq:SSRX) yesterday after the stock made a massive move higher late in the trading day, but some of those gains were given back today as the stock shed 4% on light volume.

China Natural Resources (Nasdaq:CHNR), China BAK Battery (Nasdaq:CBAK), Tongxin International (Nasdaq:TXIC) and China Information Security Technology (Nasdaq:CPBY) all shed at least 3%. China Nepstar Chain Drugstore (NYSE:NPD), China's largest chain drugstore operator, lost almost 5% on volume that was roughly 50% above the daily average. China Nepstar Chain Drugstore (NYSE:NPD) is down about 30% in the past month.



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!