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 stocks end March mixed

E-mail Print PDF

buy_sell_2 March 31, 2014 (Chinavestor) Market sentiment improved on Monday as the Dow added 140 plus points for the day. The S&P 500 followed suit while the NASDAQ advanced over 1% for the day. When it comes to Chinese stocks, the result is a mixed bag.

China's offshore oil driller, CNOOC Ltd. (NYSE:CEO) continued were it left off last week. Steep decline. CNOOC Ltd. (NYSE:CEO) fell the hardest last Friday and the stock played the same role on Monday. Crude oil, natural gas, and gasoline prices all continued to fall on Monday, hurting energy producers. Petrochina Co. Ltd. (NYSE:PTR) held on last Friday but fell the second most among major NYSE and NASDAQ listed Chinese stocks on Monday.

SouFun Holdings (NYSE:SFUN) and NetEase Inc. (NASDAQ:NTES), two of the best China plays last Friday, succumbed to profit taking. Both are among the ten worst China plays on Monday.

Baidu Inc. (NASDAQ:BIDU) and Sina Corp. (NASDAQ:SINA) experienced a complete opposite dynamics. BIDU and SINA fell hard last Friday but are among the best ten China stocks on Monday.

Ctrip.com Inc. (NASDAQ:CTRP) is an exception. This Chinese online travel agent advanced for both days.

See following two charts displaying ten best and worst China stocks of these days.


China stocks  on the move, March 31, 2014 - Monday.

MOVER_20140331

 

China stocks  on the move, March 28, 2014 - Friday.

MOVER_20140328_final

Finally, some food for thought how much momentum prominent Chinese stocks lost in the second part of the month. See 50-DMA and 200-DMA for Baidu Inc. (NASDAQ:SIDU), Sina Corp. (NASDAQ:SINA) and Sohu.com Inc. (NASDAQ:SOHU).

BIDUa_50dma_march14

Sina_50dma_march14

SOHU_50dma_march14

 



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!