Easter Eggs (1 of 21): Hot Air
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FEEDPreface to all 21 parts: This is a special holiday weekend, because not
only does it contain Good Friday and Easter, but it also begins the Slope
of Ho...
2009-02-13
Watch List Update - Big Gains Off Lows
I follow the gains off the 52-week intra-day lows to see what sort of bounces there have been in the market. Many are up more than 100%, with several at multiples of that, such as Comba (2342.HK), up 415%. Materials and tech had the biggest bounces, similar to U.S. markets, while transports, financials and consumer sectors had some of the weakest. The Hang Seng Index bounced 27% off its 52-week low. Only eight of the 51 funds on my watch list failed to beat that index. However, the Hang Seng China Enterprises Index is up 58% from its low. About 60% of the companies, 32 out of 51, beat that return. Finally, the Shanghai Composite is 39% above its low, and all of the Mainland stocks on my list beat that handily.
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