April 10, 2015 (Chinavestor) The China stock monitor picked up the unusual rally of Sinopec Shanghai Petrochemical (NYSE:SHI) yesterday. SHI advanced 11.75% in just one day, not to mention previous advances this week. Other hot stocks on Thursday were Aluminum Corp. of China (NYSE:ACH), Momo Inc. (NYSE:MOMO), and Petrochina Co. Ltd. (NYSE:PTR).
Chinese airliners took a break as price of oil advanced. Nevertheless China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH) are trading at 52 week highs as low price of oil translates to huge boosts to the bottom line. China Eastern Airlines (NYSE:CEA) may be on the bottom of the list, still a price of $37.49 is over 100% improvement from where it traded a year ago....
To grasp how much Sinopec Shanghai Petrochemical (NYSE:SHI) is on fire, please visit the following chart. China's largest polyethylene and propylene producer surged27.2% in just three days!!!
Source: Google Finance