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Utilities rock, health and tech stocks stink

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bull_bear3 January 2015 (Chinavestor) 2014 was an awesome year for American stock investors. How did Chinese stocks listed on the NYSE and NASDAQ do in the last month of 2014? It was a mixed bag. Utilities, Huaneng Power (NYSE:HNP) in particular, continued to outperform the market. But technology stocks and healthcare names suffered. Baidu Inc. (NASDAQ:BIDU) and Qihoo 360 Technology (NYSE:QIHU) fell the hardest and even index heavy weight Alibaba Group (NYSE:BABA) slid. Healthcare? Mindray Medical (NYSE:MR) sank the sector thanks to a 11.9% dive.

Besides these highly visible sectors, small consumer stocks were extremely volatile. Consumer cyclicals for example fell -13.7% on average while Consumer non-cyclicals advanced just under 15%. Larger financial stocks offered investment opportunities for the intelligent investor. China Life Insurance (NYSE:LFC) advanced 14.2% in December 2014, lifting the rest of the sector. CNinsure (NASDAQ:CISG) advanced 7.5% at the same time.  

 

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Energy stocks were stuck in the middle in December rising a modest 2.0% on average. Falling oil prices took a toll on the sector however Petrochina Co. Ltd. (NYSE:PTR) managed to eke out a 3.2% gain. Yanzhou Coal (NYSE:YZC), China's third largest coal miner, rose 1.6%. But pure oil producer CNOOC Ltd. (NYSE:CEO) fell 5.7% in December. Sinopec (NYSE:SNP), China's largest oil refiner, slipped a mere 0.8% for the month.



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