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Transport, tech, and financial stocks lead

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advance2 October 10, 2011 (Chinavestor)There has been some notable changes among Chinese stocks from last Friday to Monday. While technology stocks continue the recovery in October, transportation stocks made significant advances as well. Youku.com (NYSE:YOKU) and Changyou.com Ltd. (NASDAQ:CYOU) pull tech sector higher. China Life Insurance (NYSE:LFC) has a big imprint on the from the financial sector.

The following two pictures show sector performance for October. The one to the left includes Monday, the one to the right is till last Friday only.

 

Sector Performance

1st. week + Monday in October

Sector Performance

1st week of October

sector_20111010 sector_oct_7

There isn't much change on the bottom part of the Chinese stock universe. Consumer cyclical stocks continue to underperform followed by Capital goods and consumer non-cyclical.

The most interesting development is the continued resurgence of technology stocks. Baidu.com Inc. (NASDAQ:BIDU), a sector index heavy weight, is up 4.2% on Monday. But it's smaller Changyou.com Ltd. (NASDAQ:CYOU) and Youku,.com (NYSE:YOKU) that helped lift the sector today. Both stocks are up double digits in percentage terms. CYOU on a roll

Chinese airliners are strong as well, China Eastern Airlines (NYSE:CEA) and China southern Airlines (NYSE:ZNH) advanced  3.6% and 4.7%, respectively. Part of the advance is attributed to the strong Chinese currency. Ramifications of Stronger Yuan

China Life Insurance (NYSE:LFC) is up 5.1% on Monday explaining the mojo of the financial sector. The rest of the financials are not on fire.



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