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 3, 2010

E-mail Print PDF

advance8 September 3, 2010 (Chinavestor) – Friday brought another curious day of trading when comparing Chinese and U.S. stocks against each other. The Hang Seng managed a gain of half of percent and the Shanghai Composite (SHA:000001) was flat on the day while another “less bad” economic report, the August jobs number, spurred the Dow Jones Industrial Average to its second triple-digit gain in the past two days. The bullish trade in the U.S. sent the China-specific ETFs that we track higher on the day as the PowerShares GoldnenDragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) both added less than 1%. Small-caps once again shined with the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) jumping almost 1.2%.

end_201093_index

Large-caps enjoyed a solid day as there were no huge winners, but no dramatic losers either. 51Job (Nasdaq:JOBS) led the way with a 7% pop. Semiconductor Manufacturing International (NYSE:SMI) followed with a gain of almost 6%. Solar names were mixed as Suntech Power (NYSE:STP) surged 5% and LDK Solar (NYSE: LDK) added 2.35%, but Trina Solar (NYSE:TSL) and JA Solar (Nasdaq:JASO) each booked small losses.

Focus Media (Nasdaq:FMCN) and Home Inns & Hotels Management (Nasdaq:HMIN) each gained almost 3% on the day. Silvercorp Metals (NYSE:SVM), Perfect World (Nasdaq:PWRD) and Changyou.com (Nasdaq:CYOU) round out the winners as each added more than 2%.

end_201093_lc

As we said, the losers were easily to deal with today. Synutra International (Nasdaq:SYUT) continued its bearish ways, leading the losers with a drop of 2.2%. Ctrip.com (Nasdaq:CTRP) lost 1.7% and AsiaInfo Linkage (Nasdaq:ASIA) was the only other Chinese large-cap to lose more than 1%. Huaneng Power (NYSE:HNP) and Aluminum Corp. of China (NYSE:ACH) round out the losers with small declines on the day.

end_201093_sc

Turning to small caps, WSP Holdings (NYSE:WH) was an interesting winner today. That name advanced by almost 10.6% despite the fact that oil traded lower. Noah Education (NYSE:NED) rebounded from a couple of tough days to add almost 10%. Origin Agritech (Nasdaq:SEED) tacked on nearly 6.5%.

American Oriental Bioengineering (NYSE:AOB) added almost 5% on strong volume and no news as did ChinaCast Education (Nasdaq:CAST). Chindex International (Nasdaq:CHDX) surged more than 4% while China Fire & Security Group (Nasdaq:CFSG) popped by 3.74%. GigaMedia (Nasdaq:GIGM) and BMP Sunstone (Nasdaq:BJGP) each added more than 3%. China Natural Resources rounds out the small-cap winners with a gain of 2.9%.

The small-cap losers weren't all that bad either. Xinhua Sports & Entertainment (Nasdaq:XSEL) continued to swoon lower, shedding 5.56% on the day. China Technology (Nasdaq:CTDC) also lost more than 5%. China Green Agriculture (NYSE:CGA) dipped by more than 4% and eLong (Nadaq:LONG) shed 3.7%.

China TransInfo Technology (Nasdaq:CTFO) slipped 3% while Fuqi International (Nasdaq:FUQI), China Biotics (Nasdaq:CHBT) and China TechFaith Wireless (Nasdaq:CNTF) all lost more than 2%. China Precision Steel (Nasdaq:CPSL) Qiao Xing Universal (Nasdaq:XING) cap the losers, with drops of 1.39% and 1.73%, respectively.



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!