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 27, 2010

E-mail Print PDF

advance7 August 27, 2010 (Chinavvestor) – Better than nothing. That might be an appropriate way of describing the action in Chinese stocks on Friday as the Hang Seng fell by just 0.1%, but the Shanghai Composite (SHA:000001) booked a small gain of 0.3%. Better than everything (recently) would describe the Dow's big 1.7% jump on the back of some less bad economic news that the U.S. had been in desperate need of. It was a great day for ETFs that track Chinese large-caps as both the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both surged nearly 2%. Small-caps were tame by comparison with the Claymore/AlphaShares China Small-Cap ETF adding just 0.3%.

end_2010827_index

Among large-caps, it was a robust day for solar stocks, led by LDK Solar (NYSE:LDK), which popped nearly 8%. Yingli Green Energy (NYSE:YGE) followed with a move of almost 7% and Trina Solar (NYSE:TSL) gained nearly 6%. JA Solar (Nasdaq:JASO) was in the mix as, moving higher by almost 5%.

Friday was a good day for some stocks that have had a tough go of things lately with Synutra (Nasdaq:SYUT) soaring nearly 7% and Melco Crown Entertainment (Nasdaq:MPEL) gaining 4.7%. Sina Corp. (Nasdaq:SINA) and VanceInfo (NYSE:VIT) enjoyed solid runs today as both added over 4%. Ctrip.com (Nasdaq:CTRP) and China Yuchai (NYSE:CYD) round out the large-cap winners, with moves of 3.85% and 3.66%, respectively.

end_2010827_lc

Searching for notable large-cap losers is a difficult task today and that's a good thing for the bulls. China Eastern Airlines (NYSE:CEA) was the biggest loser, but that stock lost less than 3%. Other losers included China Life Insurance (NYSE:LFC), China Unicom (NYSE:CHU), New Oriental Education (NYSE:EDU), Perfect World (Nasdaq:PWRD) and Shanda Games (Nasdaq:GAME) all lost less than 1% on the day.

Small-caps were fairly tame today, but there were still some nice moves to be had. China Sunergy (Nasdaq:CSUN) jumped 8% on strong volume and no news. GigaMedia (Nasdaq:GIGM) capped an active week by gaining more than 7% while China Housing & Land Development (Nasdaq:CHLN) and Global Sources (Nasdaq:GSOL) each soared more than 6%.

China Fire & Security Group (Nasdaq:CFSG) and Wonder Auto Technology (Nasdaq:WATG) each gained about 5.66%. China Nepstar Chain Drugstore (NYSE:NPD), HQ Sustainable Maritime Industries (NYSE:HQS) and Fuqi International (Nasdaq:FUQI) all added more than 5% and American Dairy (NYSE:ADY) put in a nice performance, gaining nearly 5% on the day.

end_2010827_sc

Small-cap losers weren't too extreme today. Xinhua Sports & Entertainment (Nasdaq:XSEL) led the losers with a drop of almost 10%. Noah Education (NYSE:NED) slipped by more than 5%. Tiens Biotech (AMEX:TBV) shed almost 4%. A-Power Energy Generation (Nasdaq:APWR), China Architectural Engineering (Nasdaq:CAEI) and China Technology (Nasdaq:CTDC) all tumbled by more than 3%.

Qiao Xing Mobile (NYSE:QXM) slipped by more than 2% and the losers are capped by Gushan Environmental (NYSE:GU), Sutor Technology (Nasdaq:SUTR) and Xinyuan Real Estate (NYSE:XIN), all of which lost more than 1% but less than 2% on the day.



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!