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 October 8, 2010

E-mail Print PDF

advance8 October 8, 2010 (Chinavestor) – The Shanghai Composite (SHA:000001) re-opened with some authority today, surging 3.1% while the Hang Seng booked a small-gain of 0.26%. Another lackluster jobs report didn't derail U.S. stocks as all three major indexes here finished the day higher as hopes were stoked the Fed would engage in more quantitative easing due to the sour employment scenario.

Looking at our trio of China-specific ETFs, it was a day for the large-caps as both the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25 Index (NYSE:XI) gained over 1%. The Guggenheim China SmallCap ETF (NYSE:HAO) lagged, gaining just 0.13% on the day.

Chinese small caps caught fire; Gushan Environmental Energy (NYSE:GU) led China Integrated Energy (NASDAQ:CBEH) higher; Agria Corp. (NYSE:GRO) rose 16 percent following a public statement clearing its names. News sent smaller cap AgFeed Industries (NASDAQ:FEED) and others from the sector soaring.

end_2010108_end

It was a pretty benign day for Chinese large-caps, but AsiaInfo Linkage (Nasdaq:ASIA), put on a show, surging more than 7% on the day. 51Job (Nasdaq:JOBS) added almost 5% while China Southern (NYSE:ZNH) was up by nearly 4%. China Yuchai International (NYSE:CYD) jumped 2.6%.

China Life Insurance (NYSE:LFC) and Melco Crown Entertainment (Nasdaq:MPEL) each popped by more than 2.3%. Yanzhou Coal (NYSE: YZC) had a decent day, adding almost 2% while Sina (Nasdaq:SINA) and Silvercorp Metals (NYSE:SVM) each tacked on about 1.8%. China Unicom (NYSE:CHU) rounds out the large-cap winners with a pop of 1.7%.

end_2010108_lc

The losers show us one thing: It wasn't a good day to be an energy stock, alternative or traditional. JA Solar (Nasdaq:JASO) slipped by 4.1% while Yingli Green Energy (NYSE:YGE) dropped 3.4%. Trina Solar (NYSE:TSL) lost almost 1.6% while LDK Solar (NYSE:LDK) dropped 1.3%. Sinopec Shanghai Petrochemical was one oil name not offering a place to hide as that stock lost nearly 1%.

CNinsure (Nasdaq:CISG) was the biggest large-cap loser today, slipping by 4.6%. New Oriental Education (NYSE:NED) followed with a drop of 2%. Semiconductor Manufacturing International (NYSE:SMI) dipped by 1.4% while Ctrip.com (Nasdaq:CTRP) and Shanda Interactive (Nasdaq:SNDA) cap the losers, each a with a decline of roughly 1%.

end_2010108_sc

Small-caps is where the action was, led by Fuqi International (Nasdaq:FUQI). The jewelry retailer surged almost 29% on volume that was nearly five times the daily average on no headlines of consequence. Gushan Environmental (NYSE:GU) soared almost 26% on volume that was nearly 10 times the daily average after the company announced a share buyback plan.

We just published our Newsletter on October 1 saying that "High energy prices failed to lift oversold Gushan Environmental Energy (NYSE:GU) and China Integrated Energy (NASDAQ:CBEH) so far, suggesting upside potential exceeds downside risk. Both bio-diesel producers were among the worst performers in September but speculative investors might want to give them a second look." Challenges and Opportunities for the Fall of 2010—Part II

China Integrated Energy (Nasdaq:CBEH) jumped by more than 22% on better than quadruple its average daily turnover. China Agritech (Nasdaq:CAGC) popped by 15.5% after issuing a statement saying short-sellers are punishing the stock. That sparked other ag stocks as Agria (NYSE:GRO) surged by 16%, AgFeed (Nasdaq:FEED) jumped by almost 13% and Origin Agritech (Nasdaq:SEED) added 7.75%.

General Steel (NYSE:GSI) and Xinhua Sports & Entertainment (Nasdaq:XSEL) both added at least 9%. China Sky One Medical (Nasdaq:CSKI) tacked on almost 9% while China-Biotics (Nasdaq:CHBT) caps the small-cap winners with a gain of nearly 8%.

The losers were nothing to fret about on Friday. AirMedia (Nasdaq:AMCN) and China Digital TV (NYSE:STV) both shed more than 4%. Xinyuan Real Estate (NYSE:XIN) and Tongxin (Nasdaq:TXIC) each lost more than 3%. ATA (Nasdaq:ATAI) and Sinovac Biotech (Nasdaq:SVA) each slipped by just under 3% on the day.

China Medical Technologies (Nasdaq:CMED) gave up 2.7% while China Infrastructure Investment (Nasdaq:CIIC) and China Housing & Land Development (Nasdaq:CHLN) both traded lower by more than 2.2%. 3SBio (Nasdaq:SSRX) rounds out the small-cap losers with a drop of just 1.33%.



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!