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 August 6, 2010

E-mail Print PDF

China_flag1 August 6, 2010 (Chinavestor) – Chinese stocks wrapped up the week in fine fashion, trading higher leading up to the jobs report in the U.S., but it was that labor report that was the undoing of U.S. equities with the Dow Jones Industrial Average enduring a triple-loss before rebounding later in the day to close lower by just 0.2%. The Hang Seng gained 0.6% and the Shanghai Composite Index (SHA:000001) surged 1.4%. The China-specific ETFs that we track were a mixed bag on Friday with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) closing barely higher on the day, but the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) suffered a small loss. Small-caps were weak with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) losing 0.66%.

end_201086_index

China Real Estate Information (Nasdaq:CRIC) led the large cap winners with a gain of nearly 5% on volume that was more than twice the daily average, but there was no news to explain the pop. The sun shined on solar stocks on Friday with Trina Solar (NYSE:TSL) leading the way for that group with a 4% gain. LDK Solar (NYSE:LDK) added 3.81% and JA Solar (NYSE:JASO) and Yingli Green Energy (NYSE:YGE) both added more than 1%. Suntech Power (NYSE:STP) was the solar exception, losing more than 5% on the day, making that stock the biggest big-cap loser.

end_201086_lc

Focus Media (Nasdaq:FMCN) surged almost 3% and 51job (Nasdaq:JOBS) added over 2%. City Telecom (Nasdaq:CTEL), New Oriental Education (NYSE:EDU) and Huaneng Power (NYSE:HNP) round out the large cap winners as all gained more than 1%.

Among the large-cap losers, online gaming firms were weak with Shanda Games (Nasdaq:GAME), Shanda Interactive (Nasdaq:SNDA) and Giant Interactive (NYSE:GA) all finishing the day lower. Netease.com (Nasdaq:NTES) was the worst of the group, losing 2.4%.

Commodities names weren't any better as Sinopec Shanghai Petrochemical (NYSE:SHI) shed 3.4%. Silvercorp Metals (NYSE:SVM) tumbled 2% and Aluminum Corp. of China (NYSE:ACH) lost more than 1%.

Small-cap winners were paced by Tongxin International (Nasdaq:TXIC), which surged 6% on light volume and no news. China Architectural Engineering (Nasdaq:CAEI) added 5%. China Green Agriculture (NYSE:CGA) and HQ Sustainable Maritime Industries (AMEX:HQS) both added more than 4%.

Fuqi International (Nasdaq:FUQI), Wonder Auto Technology (Nasdaq:WATG) and eLong (Nasdaq:LONG) all traded higher by more than 3%. China Housing & Land Development (Nasdaq:CHLN) added almost 3% while Origin Agritech (Nasdaq:SEED) and Cogo Group (Nasdaq:COGO) both gained more than 2%.

end_201086_sc

China Sunergy (Nasdaq:CSUN) led the losers, shedding 6.61% on the back of a disappointing earnings report. Xinhua Sports & Entertainment (Nasdaq:XSEL) tumbled 6.56% on slack volume and no news. China Infrastructure Investment (Nasdaq:CIIC), China Natural Resources (Nasdaq:CHNR) and VisionChina Media (Nasdaq:VISN) all lost more than 6% as well.

Global Sources (Nasdaq:GSOL) and UTStarcom (Nasdaq:UTSI) each lost 5%. China BAK Battery (Nasdaq:CBAK) endured a 4.14% haircut while Jinpan International (NYSE:JST) slid 3.52% as investors were unimpressed with that company's earnings report. China Sky One Medical (Nasdaq:CSKI) rounds out the small-cap losers with a decline of more than 3%.

 



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!