Sydney, Australia, Sep 8, 2014 - (ABN Newswire) - The China CleanTech Index recorded a very strong 8.8% gain in August 2014 and outperformed all of its four benchmarks.
The China CleanTech Index rose from 43.01 to 46.79 over the month of August recording an 8.8% gain. This compared to the NEX gain of 5.9%, the CTIUS gain of 2.7%, the Shanghai Composite gain of 0.7% and the MSCI gain of 2.0%.
The China CleanTech 20 recorded a gain of 8.7% over the month.
The best performing sub-indices for the month were the China Efficiency Index with a 13.0% gain and the China Storage Index with an 11.6% gain. The two weakest sub-indices through August were the China Waste Index which recorded a gain of only 4.5% and the China Water Index recording a gain of 5.5%.
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Percentage 2011 2012 2013 Aug 3 6 12 3
Change 2014 Mnths Mnths Mnths Yrs
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(CCTI) -48.0% -16.5% 29.2% 8.8% -1.0% 0.0% 17.7% -13.5%
(CCT20) -47.4% -15.5% 24.1% 8.7% 0.9% -2.0% 7.8% -19.2%
(NEX) -40.2% -5.5% 53.7% 5.9% -1.1% 0.5% 34.6% 24.2%
(CTIUS) -18.3% 7.3% 37.0% 2.7% -4.9% -4.2% 17.9% 29.3%
(SHCOMP) -21.7% 3.2% -6.7% 0.7% 8.0% 7.9% 5.7% -13.6%
(MSCI) -7.6% 13.2% 24.1% 2.0% 0.0% 4.4% 18.7% 44.4%
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CCTI - China CleanTech Index
CCT20 - China CleanTech 20
NEX - Wilder Hill New Energy Global Innovation Index
CTIUS - Cleantech Index
SHCOMP - China Shanghai Composite Index
MSCI - MSCI World
The market capitalisation of the 164 stocks in the China CleanTech Index is CNY 1.11 trillion, up a long way from its trough of CNY 604 billion in November 2012.
The month's performance was driven by 14 companies having share price gains of more than 25%. The greatest percentage gains were recorded by China Industrial Waste Management Inc (CIWT), RINO International Corporation (RINO) and CleanTech Innovations Inc. (CTEK).
These were partially offset by losses from other companies with 12 companies having losses of more than 5%. The greatest percentage gains were recorded by SmartHeat Inc (HEAT), China Clean Energy Inc. (CCGY) and LDK Solar (LDK).
These best and worst performers are shown in the table below.
August 2014
Best Performers
Share Price Gain > 25%
Foshan Electrical and Lighting Co., Ltd. (SHE:0000541)
Ledman Optoelectronic Co Ltd
RINO International Corporation (OTCMKTS:RINO)
Canadian Solar Inc (NASDAQ:CSIQ)
Daqo New Energy Corp. (NYSE:DQ)
Jiangsu Akcome Solar Science and Technology Co (SHE:00210)
Sungrow Power Supply Co (SHE:300274)
Advanced Battery Technologies (OTCMKTS:ABAT)
Hong Kong Highpower Technology, Inc. (NASDAQ:HPJ)
Sichuan Tianqi Lithium Industries, Inc. (SHE:002466)
Unilumin Group Co Ltd
China Industrial Waste Management Inc (OTCMKTS:CIWT)
Yunnan Wenshan Electric Power Co., Ltd
CleanTech Innovations Inc. (OTCMKTS:CTEK)
Worst Performers
Share Price Loss > 5%
China Clean Energy Inc. (OTCMKTS:CCGY)
SmartHeat Inc (OTCMKTS:HEAT)
Green Energy Technology
LDK Solar (NYSE:LDK)
Sino-American Silicon Products
Chaowei Power Holdings Limited (HKG:0951)
China BAK Battery (NASDAQ:CBAK)
Coslight Technology International Group (HKG:1043)
Jiangxi Ganfeng Lithium Co.,Ltd. (SHE:002460)
Novarise Renewable Resources Ltd (ASX:NOE)
Duoyuan Global Water (OTCMKTS:DGWIY)
Cleantech Solutions International Inc (NASDAQ:CLNT)
The China Cleantech Index is updated each month and published on the SinoCleantech website at www.sinocleantech.com. It is published internationally in conjunction with Cleantech Investor (www.cleantechinvestor.com) and in China in conjunction with Top Capital (www.topcapital.cn).
Monthly results can be emailed directly to interested parties by signing up to the distribution list at http://www.sinocleantech.com/e/cleantech_index.html
About Sino CleanTech:
Sino Cleantech is the Chinese operational arm of Australian CleanTech based in Beijing and active in facilitating investment from Chinese investors into cleantech in both China and internationally; and investment from international investors into the Chinese cleantech market.
These investments include looking at listed cleantech stocks and direct investment into projects and companies.
The investment projects include a global operation to facilitate investment into large scale solar projects throughout Asia and Europe. This work involves connecting Chinese suppliers, equity investors and banks with international project developers in Europe, India, the Middle East and throughout Asia to help projects reach financial close.
Contact:
John O'Brien
Managing Director
Sino CleanTech
T: +61-419-826-372
john.obrien@sinocleantech.com
Dorothy Zhao
Manager
Sino CleanTech
T: +61-432-294-989
dorothy.zhao@sinocleantech.com
Source:
Sino CleanTech
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