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WUBA, BIDU, SINA follow market higher

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advance6 May 30, 2014 (Chinavestor) It is interesting to see what Chinese stocks move now that the S&P is at record high again. 58.com Inc. (NYSE:WUBA) rose $1.82, the most among major Chinese stocks on Thursday. And it wasn't just Thursday that WUBA outperformed. The stock did the same on Tuesday and is up 11.8% for the week.

 

Baidu Inc. (NASDAQ:BIDU) is another stock on the move. Thursday's $1.33 advance was a comeback from Wednesday decline. Still, BIDU is up 8.2% for the last five trading days.

Sina Corp. (NASDAQ:SINA), another stock looking good on the following chart, did well on Thursday. Sina rose $1.57 but that advance is just a bounce back from Wednesday lows.

mover_20140529

Larger energy stocks continued to underperform. Sinopec Shanghai Petrochemical (NYSE:SHI), CNOOC Ltd. (NYSE:CEO) fell the hardest among major Chinese stocks. SouFun Holdings (NYSE:SFUN), China Unicom (NYSE:CHU) were laggards, among others. See chart for details.



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