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

Tech, transport rocks but consumer stocks lag for October

E-mail Print PDF

bank_1 October 31, 2011 (Chinavestor) Chinese technology, transportation and basic material stocks made a significant comeback in October, but consumer durables and cyclical stocks missed out on the rally. Sector heavy weight Baidu.com inc. (NASDAQ:BIDU) advanced 31.8% in October, setting a positive tone for the rest of the industry. Sohu.com (NASDAQ:SOHU) and NetEase.com Inc (NASDAQ:NTES) advanced 26.6% and 25.4%, respectively. Yet those numbers are dwarfed by the performance of some solar stocks. Jinko Solar (NYSE:JKS) surged as much as 88% just in one month!

Chinese airliners, China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA) made a strong comeback after a disastrous slide in September. But Chinese airliners are highly volatile stocks, a sort of high risk/high return category that require a strong stomach.

Basic materials made a sound comeback, too. Industry leader Aluminum Corp. of China (NYSE:ACH) as well as Silvercorp Metals (NYSE:SVM) recovered along firm metal prices, as the following chart testifies.

secotr_2011oct

Chinese consumer stocks failed to gain traction for the month tough.The NYSE and the NASDAQ have failed to attract high profile, high quality stocks from these sectors so far. Investors continue to shun smaller cap reverse merger stocks, ensuring a weak performance for the sector in October.

Chinese telecom stocks, China Mobile (NYSE:CHL) as well as China Telecom (NYSE:CHA) and China Unicom (NYSE:CHU) remained resilient to free fall during volatile markets. But these stocks missed out on the rally for they had not much lost ground from September to make up. These stocks continue to provide cushion in bad times but are under performers in a bull market.



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!