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

BIDU, WUBA, HMIN start off strong

E-mail Print PDF

strong_2 May 28, 2014 (Chinavestor) Chinese stocks were mixed on Tuesday. 58.com Inc. (NYSE:WUBA) advanced the most among major Chinese ADRs on the first day of trading after the long Memorial Day weekend. The unusual advance is a result of two days of steep declines though. The stock is back at the $40 range but still 5% away from $42, a price it touched twice last week. Notable movers include Baidu Inc. (NASDAQ:BIDU) to the upside and large cap energy stocks like SNP and Petrochina (PTR) to the downside.

The first part of the chart shows the best Chinese ADRs for the day, Tuesday. WUBA, BIDU and Home Inns & Hotels Management (NASDAQ:HMIN) did exceptionally good. All other Chinese stocks followed these three from a distance.

The second part of the chart displays the weakest Chinese stocks of the day. Sinopec (NYSE:SNP) and Petrochina (NYSE:PTR) suffered as investors rotated from safer stocks to technology names. Sina Corp. (NASDAQ:SINA) is still suffering following disappointing quarterly results last week.

See chart for details.

 

mover_20140527



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!

Free weekly newsletter

Get hot China stock news every Monday