Monday, October 03, 2005

China stock top performers

China Stock Blog produces a weekly listing of the performance of the shares it tracks. Top 10 last week were:

1. CDC Corporation (CHINA) +12.7%
2. Tom Online (TOMO) +10.8%
3. KongZhong (KONG) +9.4%
4. Yanzhou Coal Mining (YZC) +9.1%
5. NetEase (NTES) +8.7%
6. Hurray! (HRAY) +8.4%
7. Focus Media (FMCN) +7.0%
8. Sinopec (SNP) +6.0%
9. eLong (LONG) +5.0%
10. Sina (SINA) +4.7%

Of these, by my count, at least five of the 10 are media-related while eLong is an online travel site.

Of those which fell (5 last week), Baidu was the worst performer, down 19.1%. The rest of the list look more like 'old school' tech stocks although 51Job, an online recruitment site, is obviously feeling the pressure from a number of serious competitors:

Shanda Interactive (SNDA) -0.2%
51Job (JOBS) -0.4%
Semiconductor Manufacturing International (SMI) -7.8%
China Techfaith Wireless (CNTF) -9.5%
Baidu (BIDU) -19.1%

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