December 9, 2011 (Chinavestor) Looking at sector performance of Chinese stocks, technology, financial and basic materials did best in the first ten days of the month. Huaneng Power International (NYSE:HNP) pulled back after a blockbuster November, hurting utilities. Consumer stocks continue to lack momentum while transportation stocks trade in a narrow range.
Stocks that moved sectors included Baidu.com Inc. (NASDAQ:BIDU), NetEase.com Inc. (NASDAQ:NTES), Youku.com (NYSE:YOKU) and Qihoo 360 Technologies (NYSE:QIHU) from the tech sector. China Life Insurance (NYSE:LFC) is responsible for the advance of the financial sector. This stocks is the largest by far within the sector. Aluminum Crop. of China (NYSE:ACH) is not only the largest among basic materials but was the brightest in December so far, except for China Precision Steel (NASDAQ:CPSL).
But December wasn't a cakewalk for consumer stocks lately. Synutra International (NASDAQ:SYUT) fell apart while Agria Corp. (NYSE:GRO) added more to the downside among consumer non-cyclicals. Consumer cyclical stocks were mixed with sector heavy weight China Zenix (NYSE:ZX) sinking the sector despite a sound performance from China Automotive Systems (NASDAQ:CAAS).