 China's stock market slumped into the second bear market in nine months this week. Although, such lower levels have attracted fresh investment from the local investors. The stock market is the best choice for the moment,” said Pan, a 27-year-old Shanghai accountant. “Even the bank staff advised me against depositing more money”. The high volatility zone continued in the market as some stock climbed and others touched a new low.
First on the list of gainers was China Armco Metals (CNAM). The stock closed at $5.62 gaining more than 17%.The stock has a resistance at $9 and finds a support level around $2. The company through its subsidiaries, imports, sells, & distributes metal ores & non-ferrous metals to the metal refinery industry in China.
The second on the gainer's list was China Biologic Products (CBPO). The stock gained 15% on Wednesday before closing at $13.99. The stock is expected to show some resistance at the same levels and holds a support around $4. China Biologic Products, is a bio pharmaceutical company, engaging in the research, development, production, and manufacture of plasma-based pharmaceutical products in China.
The third gainer of the day was Asia Cork (AKRK). The stock gained almost 11% before closing at $0.48. The stock has a resistance level of 0.70 going upwards and a support level around $0.10 .
Another stock that ended in green was China Shandong Industries (CSNH). The intra day gain of the stock was $0.26 with a closing at $2.56. The company is a producer and global marketer of straw-wicker products, wooden crafts and solid wooden furniture.
Universal travel group (UTA) also gained some momentum showing a gain of 9.96%. The stock closed at $9.16.
The day trade also saw some massive losers. The first on the list was Baidu (BIDU). The stock crashed badly losing almost 90% before closing at $74. 21. The previous closing of the stock was $714.17. The company provides Chinese and Japanese language Internet search services.
Another loser of the day was Synutra International (SYUT). The stock lost almost 8% and closed at $24.42. The stock has a strong support around $8. Synutra International through its subsidiaries, engages in the production, processing, packaging, marketing, and sale of dairy based nutritional products primarily in China.
Acorn International (ATV) also ended in red. The stock lost 7.27% before closing at $4.40. The company operates as an integrated multi-platform marketing company that develops, promotes, and sells consumer products and services in China. The stock holds a strong support around $3.
American Oriental Bioengineering (AOB) and China Housing and Land Development (CHLN) also lost almost 4% in the trading session closing at $3.40 and $ 3.22 respectively. While the former is expected to show some support at $2, the latter finds a support level around $1.
| TOP GAINERS |
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China Armco Metals, Inc. (CNAM) |
5.62 |
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1.01 / + 21.91% |
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China America Holdings, Inc. (CAAH) |
0.02 |
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0.00 / + 15.00% |
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China Biologic Products, Inc. (CBPO) |
13.95 |
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1.76 / + 14.44% |
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Asia Cork Inc (AKRK) |
0.48 |
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0.05 / + 11.63% |
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China Shandong Industries, Inc. (CSNH) |
5.12 |
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0.52 / + 11.30% |
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| TOP LOSERS |
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Synutra International Inc. (SYUT) |
22.64 |
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1.78 / - 7.29% |
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NF Energy Saving Corp (NFEC) |
3.00 |
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0.22 / - 6.83% |
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Acorn International, Inc. (ATV) |
4.15 |
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0.25 / - 5.68% |
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American Oriental Bioengineering Inc. (AOB) |
3.39 |
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0.17 / - 4.78% |
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China Valves Technology, Inc. (CVVT) |
9.76 |
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0.22 / - 2.20% |
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 Biostar Pharmaceuticals, Inc. (BSPM) files 8-K - Current report. Biostar Pharmaceuticals, Inc. (NASDAQ GM: BSPM) (“Biostar” or “the Company”), a Xianyang-based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin Aoxing Oleanolic Acid Capsules (“Xin Aoxing”), and a variety of pharmaceutical products, today announced that management will hold a conference call to discuss its 2010 first quarter performance at 9:30 a.m. ET on Monday, May 17, 2010. Financial results will be released on May 14, 2010 after the market closes.
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 China Direct Industries, Inc. (CDII) files 8-K - Current report. For the second quarter of fiscal 2010 total revenues increased to $23.4 million as compared to total revenues of $20.7 million for the three month period ended March 31, 2009. We recorded net income for our second quarter of fiscal 2010 of $1.7 million or $0.06 per diluted and basic earnings per share as compared to a net loss of ($1.5 million) or a loss of ($0.06) per diluted and basic share in the three month period ended March 31, 2009.
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 China Education Alliance Inc. (CEU) files 8-K - Current report. China Education Alliance reported total revenue of $8.62 million for the first quarter ended March 31, 2010, an increase of 5.0% compared to $8.20 million for the first quarter of 2009. The Company's online education business generated 60.7% of its total revenue in the first quarter of 2010 compared to 58.9% for the same prior-year period. Its training center business generated 33.2% of total revenue in the first quarter of 2010 compared to 31.0% for the same prior-year period; its advertising business division generated the remaining 6.1% of total revenue in the first quarter of 2010, compared to 10.1% for the same prior-year period.
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 China Marine Food Group Limited (CMFO) files 10-Q - Quarterly report [Sections 13 or 15(d)]. China Marine Food Group Limited (“China Marine” or “the Company”) was incorporated in the State of Nevada on October 1, 1999 in the former name of New Paradigm Productions, Inc. On November 16, 2007, the Company changed its current name to “China Marine Food Group Limited”.China Marine, through its subsidiaries, mainly engages in the manufacture and distribution of processed seafood products and trades with customers in domestic and overseas markets, as well as engaged in the sale and distribution of algae-based beverage products in the PRC with its principal place of business in Shishi City, Fujian Province, China.
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 China Security & Surv Techno (CSR) files DEF 14A - Other definitive proxy statements. The SEC has adopted rules that allow a company to deliver a single proxy statement or annual report to an address shared by two or more of its stockholders. This method of delivery, known as “householding,” permits us to realize significant cost savings, reduces the amount of duplicate information stockholders receive, and reduces the environmental impact of printing and mailing documents to you.
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 Acorn International to Announce First Quarter 2010 Financial Results on May 21, 2010. Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading integrated multi-platform marketing company in China engaged in developing, promoting and selling consumer products and services through extensive distribution network, will release its financial results for the first quarter 2010 before the market opens on Friday, May 21, 2010.
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Biostar Pharmaceuticals, Inc. to Host Fiscal Year 2010 First Quarter Earnings Conference Call on Monday, May 17, 2010 at 9:30 a.m. ET. Biostar Pharmaceuticals, Inc. (Nasdaq: BSPM) ("Biostar" or "the Company"), a Xianyang- based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin Aoxing Oleanolic Acid Capsules ("Xin Aoxing"), and a variety of pharmaceutical products, today announced that management will hold a conference call to discuss its 2010 first quarter performance at 9:30 a.m. ET on Monday, May 17, 2010. Financial results will be released on May 14, 2010 after the market closes. |
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 China ACM to Present at Piper Jaffray Conference May 13. China Advanced Construction Materials Group, Inc. (Nasdaq GM: CADC) ("China ACM" or the "Company"), a leading provider of eco-friendly ready-mix concrete in China, today announced that China ACM's management will present at the Piper Jaffray China Growth Conference in New York City at 3:30 p.m. EDT on Thursday, May 13, 2010 at the Le Parker Meridien Hotel.
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 China Biologic Products to Build Two New Plasma Stations in Shandong Province. China Biologic Products, Inc. (Nasdaq: CBPO) ("China Biologic," or the "Company"), a leading plasma-based biopharmaceutical company in China, today announced that its majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd. ("Shandong Taibang"), has been approved by the Shandong Province Health Department to build two new plasma stations.
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China Education Alliance Announces First Quarter 2010 Financial Results. China Education Alliance, Inc. (NYSE: CEU) today announced financial results for the first quarter ended March 31, 2010. The Company will host a conference call Wednesday, May 12, 2010, at 10:00 a.m. EDT to discuss these results.China Education Alliance reported total revenue of $8.62 million for the first quarter ended March 31, 2010, an increase of 5.0% compared to $8.20 million for the first quarter of 2009. |
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|  | The China 100 Stock Index closed Wednesday, May 12, 2010:
938.19  21.16 (2.31 %) | | | China Armco Metals, Inc. (CNAM) led the Gainers closing 5/12/2010:
5.62 1.01 (21.91 %)
| | | Synutra International Inc. (SYUT) was the Index biggest loser closing 5/12/2010:
22.64  1.78 (7.29 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Wednesday, May 12, 2010:
1,003.78 19.21 (1.95 %) | | | Baidu, Inc. (BIDU) led the Index closing 5/12/2010:
78.21 6.79 (9.51 %)
| | | China Telecom Corp. Ltd. (CHA) was the Index biggest loser closing 5/12/2010:
45.69 0.35 (0.76 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, May 12, 2010:
946.36 24.68 (2.68 %) | | | China Armco Metals, Inc. (CNAM) led the Index closing 5/12/2010:
5.62 1.01 (21.91 %)
| | | Synutra International Inc. (SYUT) was the Index biggest loser closing 5/12/2010:
22.64 1.78 (7.29 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, May 12, 2010:
851.67 16.50 (1.98 %) | | | China America Holdings, Inc. (CAAH) led the Index closing 5/12/2010:
0.02 0.00 (15.00 %)
| | | NF Energy Saving Corp (NFEC) was the Index biggest loser closing 5/12/2010:
3.00 0.22 (6.83 %)
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