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 September 2, 2010

E-mail Print PDF

buy-sell September 2, 2010 (Chinavestor) – Wednesday's strong move in U.S. stocks found its way over to China as both the Hang Seng and the Shanghai Composite Index surged 1.2% today. U.S. stocks extended the rally into a second day as the Dow Jones Industrial Average added half a percent on the day. China-specific ETFs enjoyed another solid day as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both gained about 1%. Small-caps put in another strong performance with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) adding almost 1.1%.

end_201092_index

Large-caps put in a decent day, led by Melco Crown Entertainment (Nasaq:MPEL), which soared almost 13% after Macau reported that monthly gaming revenue jumped in August. Solar stocks enjoyed another solid day with LDK Solar (NYSE:LDK) leading the pack with a gain of almost 7%. Trina Solar (NYSE:TSL) and Suntech Power (NYSE:STP) followed with each adding nearly 3%.

end_201092_lc

E-House (NYSE:EJ) rallied more than 5% while Ctrip.com (Nasdaq:CTRP) popped by more than 4%. Mindray Medical (NYSE:MR) saw some bullish action as well, gaining 3.76% on the day. Airlines were mixed as China Eastern (NYSE:CEA) gained 2.57%, but China Southern (NYSE:ZNH) slipped half a percent.

VanceInfo Technologies (NYSE:VIT) and China Unicom (NYSE:CHU) round out the winners, each gaining more than 2%.

The losers were once again quite tolerable as Synutra (Nasdaq:SYUT) resumed its bearish ways, dipping 4% to be the day's biggest large-cap loser. PerfectWorld (Nasaq:PWRD) led online gaming firms down with a loss of 3.11%. Giant Interactive (NYSE:GA) followed with a drop of 1.31% and NetEase.com (Nasdaq:NTES) lost three-quarters of a percent.

Oil names were weak on the day as Sinopec Shanghai Petrochemcial (NYSE:SHI) lost more than 1% and Cnooc (NYSE:CEO) gave up more than two-thirds of a percent. Sina (Nasdaq:SINA) and Semiconductor Manufacturing International (NYSE:SMI) each slipped by almost 1%.

end_201092_sc

We find plenty of the usual suspects among the small-cap winners. China TechFaith Wireless (Nasdaq:CNTF) led the way with a pop of almost 9%. BMP Sunstone (Nasdaq:BJGP) added almost 7% and China Technology (Nasdaq:CTDC) rallied more than 6%. ChinaCast Education (Nasdaq:CAST) surged nearly 6% on no news.

Qiao Xing Universal (Nasdaq:XING) surged nearly 5.5% while China Medical Technology (Nasdaq:CMED) and China BAK Battery (Nasdaq:CBAK) each added more than 4%. Despite news that Beijing will not ease real estate curbs, Xinyuan Real Estate (NYSE:XIN) tacked on almost 4%. ShengdaTech (Nasdaq:SDTH) added 3.4% on light volume and eLong (Nasdaq:LONG) gained 3.3% to round out the small-cap winners.

China Green Agriculture (NYSE:CGA) led the losers with a drop of almost 6%. HQ Sustainable Maritime Industries (AMEX:HQS) followed with a loss of more than 3%. WSP Holdings (NYSE:WH) joined its large-cap oil counterparts in the red column, shedding 2.8% on the day. Noah Education (NYSE:NED) lost nearly the same amount.

Xinhua Sports & Entertainment (Nasdaq:XSEL) continues to be a favorite target of the bears, losing another 2.65% today. Gushan Environmental (NYSE:GU) tumbled 2.5% while Sinovac Biotech (Nasdaq:SVA) and The9 Ltd. (Nasdaq:NCTY) each slipped by more 2%. China Housing & Land Development (Nasdaq:CHLN) and Nam Tai Electronics (NYSE:NTE) round out the small-cap losers as each dropped almost 2% apiece.



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!