China Stocks Flat for the Third Quarter

A strong rally in the last 10 days of September and an exceptionally strong IPO market for Chinese stocks has lifted our main China Index out of the red for the third quarter of 2010.

Here is an overview of the Third Quarter highlights:

Main China Index (NYSE, NYSE Amex or Nasdaq)
- 812.95 (up 0.48% for the Third Quarter)
- 20 stocks are up, 20 are down

Top Five

• China Lodging Group (HTHT) +53.70%
• VisionChina Media (VISN) +50.33%
• eLong (LONG) +46.13%
• Zhongpin (HOGS) +38.52%
• China Yuchai (CYD) +24.14%

Bottom Five

• Duoyuan Printing (DYP) -63.22%
• China Yida Holding (CNYD) -37.55%
• American Dairy (ADY) -34.49%
• SinoCoking Coal (SCOK) -33.09%
• Duoyuan Global Water (DGW) -25.97%

OTC China Index
- 949.95 (down 5.86% for the Third Quarter)
- 12 stocks are up, 27 are down, 1 unchanged

Top Five

• Kingold Jewelry (KGJI) +64.72%
• China Digital Animation Development (CHDA.OB) +61.29%
• BioPharm Asia (BFAR.OB) +42.96%
• Far East Energy (FEEC.OB) +35.00%
• Xinde Technology (WTFS.OB) +27.16%

Bottom Five

• GC China Turbine (GCHT.OB) -49.10%
• China Environmental Protection (CNVP.OB) -35.39%
• Energroup Holdings (ENHD.OB) -35.00%
• LianDi Clean Technology (LNDT.OB) -34.95%
• China TMK Battery Systems (DFEL.OB) -33.34%

Quarterly Revision (Fourth Quarter)

Both China indexes are revised at the beginning of each quarter. Stocks that do no longer meet the requirements are being removed. Reasons could be posting a loss in the most recent quarter, uplisting to a higher exchange or just a huge decline in share price. Following is a list of all changes for both indexes.

Trading China Main Index (NYSE, NYSE Amex or Nasdaq)

Additions

• AutoNavi Holdings (AMAP)
• AirMedia Group (AMCN)
• Ambow Education Holding (AMBO)
• Camelot Information Systems (CIS)
• Charm Communications (CHRM)
• China Kanghui Holdings (KH)
• China New Borun (BORN)
• Country Style Cooking Restaurant (CCSC)
• HiSoft Technology International (HSFT)
• Longwei Petroleum (LPH)

Removals

• American Dairy (ADY)
• American Oriental Bioengineering (AOB)
• China Fire & Security (CFSG)
• China Lodging Group (HTHT)
• China Yida Holding (CNYD)
• Cogo Group (COGO)
• Duoyuan Printing (DYP)
• L&L Energy (LLEN)
• Shengkai Innovations (VALV)
• SinoCoking Coal (SCOK)

Trading China OTC Index

Additions

• AgriSolar Solutions (AGSO.OB)
• Asia Pacific Wire & Cable (AWRCF.OB)
• BEFUT International (BFTI.OB)
• China New Energy Group (CNER.OB)
• Eastern Environment Solutions (EESC.OB)
• Sino Green Land (SGLA.OB)
• Sunwin Int'l Neutraceuticals (SUWN.OB)
• VLOV, Inc. (VLOV.OB)

Removals

• China Kangtai Cactus (CKGT.OB)
• China Organic Agriculture (CNOA.OB)
• China HGS Real Estate (HGSH, uplisted)
• Jade Art Group (JADA.OB)
• Kingold Jewelry (KGJI, uplisted)
• Longwei Petroleum (LPH, uplisted)
• New Energy Systems (NEWN, uplisted)
• One Bio Corp (ONBID.OB, not traded)