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Financial, basic material, and capital goods shine in Feb

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sun February 28, 2015 (Chinavestor) Financial, basic material, and capital goods stocks outperformed all other Chinese listings on the NYSE and the NASDAQ. Xinyuan Real Estate (NYSE:XIN) surged over 50% in February, lifting the rest of the sector. Large cap China Life Insurance (NYSE:LFC) and China Finance Online (NASDAQ:JRJC) advanced over 10%, each on the same time. Sector heavy weight Aluminum Corp. of China (NYSE:ACH) advanced 8.0%, sending basic material sector 7.8% higher in February.

The following chart sums up how Chinese sectors did in February 2015. Despite a record month for most indexes, utilities, transportation and technology stocks fell.

 

China_sector_feb2015

When it comes to utilities, Huaneng Power Intl. (NYSE:HNP) is the mover of the sector. China's largest independent power generator fell -8.9%, a sharp decline after a record 2014 showing. China Eastern Airline (NYSE:CEA) fell -8.9%, the most among NYSE listed transportation stocks. China Southern Airlines (NYSE:ZNH) declined -5.9% as oil prices bounced off five year lows. Kerozene purchases are by far the simple largest expense items on airliners' books, making airliners subject to oil price changes. After a steep climb in last December and January of 2015, airliners have declined in February.

The technology sector was a mixed bag. Alibaba Group (NYSE:BABA) fell 4.4% while Baidu Inc. (NASDAQ:BIDU) declined -6.5%. NetEase Inc. (NASDAQ:NTES), another sector heavy weight, fell 8.4%. These three large stocks all but insured a poor performance for the technology sector for the month.



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