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China ADR Wrap September 30, 2010

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new_year2 September 30, 2010 (Chinavestor) – September and the third quarter came to an end today and it was a day not without some fireworks as the Shanghai Composite (SHA:600500) surged 1.7%. The Hang Seng dipped 0.1%. U.S. stocks closed their best September in seven decades with moderate losses for all three major indexes. The Dow Jones Industrial Average slipped 0.4%. Looking at our trio of China-specific ETFs, it was a mixed day on that front as well with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) slipping by 0.2% while the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) gained the same amount. The Guggenheim/AlphaShares China SmallCap ETF (NYSE:HAO) was once again the stand-out, soaring almost 1% on the day to another all-time high.

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It was another great day for solar stocks with Yingli Green Energy (NYSE:YGE) leading the way with a gain of 7.7%. JA Solar (Nasdaq:JASO) followed with a gain of 4.7% while Trina Solar (Nasdaq:TSL) jumped 4.5%.

CNinsure (Nasdaq:CISG) and Perfect World (Nasdaq:PWRD) both added around 3.55% on the day. China Eastern Airlines (NYSE:CEA) jumped 2.6% and was the only other Chinese large-cap to gain more than 2% on the day. E-House (NYSE:EJ) added 1.45% while China Yuchai (NYSE:CYD) and Shanda Interactive (Nasdaq:SNDA) both jumped 1.3%. Shanda Games (Nasdaq:GAME) caps the large-cap winners with a gain of just over 1.1%.

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There weren't many big losers in the large-cap space today as China Real Estate Investment (Nasdaq:CRIC) led the way, tumbling 5.3%. Aluminum Corp. of China (NYSE:ACH) shed almost 3% while China Southern Airlines (NYSE:ZNH) dipped by almost 2.6%. Sina (Nasdaq:SINA) lost nearly 2.3%, but was the only other large-cap to lose more than 2% on the day.

Changyou.com (Nasdaq:CYOU) slipped by 1.9% while 51job (Nasdaq:JOBS) and Sohu.com (Nasdaq:SOHU) each gave up around 1.7%. China Telecom (NYSE:CHA) and China Life Insurance (NYSE:LFC) both slipped by about 1.2%. Semiconductor Manufacturing International (NYSE:SMI) rounds out the large-cap losers with a loss of 1.1%.

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It was a pretty calm day for Chinese small-caps with AirMedia (Nasdaq:AMCN) leading the way with a surge of 17%, but that name was the only double-digit winner. A-Power Energy Generation (Nasdaq:APWR) followed with a pop of 9.5%. Winner Medical Group (Nasdaq:WWIN) surged 7.6% and China Sky One Medical (Nasdaq:CSKI) was the only other Chinese small-cap to gain more than 7% on the day.

China Grentech (Nasdaq:GRRF) soared 6.6%. China-Biotics (Nasdaq:CHBT) added 5.77% and was the only other Chinese small-cap to gain more than 5%. ShengdaTech (Nasdaq:SDTH) added 4.76% and China Natural Resources (Nasdaq:CHNR) was the only other winner to gain more than 4%, popping by 4.5%. Agria (NYSE:GRO) jumped by 3.6% and Gushan Environmental (NYSE:GU) gained 3.1% to round out the small-cap winners.

The small-cap losers were tolerable today as Wonder Auto (Nasdaq:WATG) led that dubious group with a decline of 6.7%. BMP Sunstone (Nasdaq:BJGP) and eLong (Nasdaq:LONG) each gave up about 3.7% on the day. American Dairy (NYSE:ADY), WSP Holdings (NYSE:WH) and Xinhua Sports & Entertainment (Nasdaq:XSEL) all shed more than 3%.

China Precision Steel (Nasdaq:CPSL) and Fuqi International (Nasdaq:FUQI) both lost 2.4%. Tiens Biotech (AMEX:TBV) is our last small-cap loser. That name slipped by 2.2%.



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