By Tian Huang
Oct. 22 (Bloomberg) -- The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, rose 0.2 percent to 385.88. The American Stock Exchange China Index decreased 0.1 percent. The Shanghai Composite Index fell 0.6 percent to 3,051.41.
The following companies were among the most active Chinese shares in New York trading. Stock symbols are in parentheses.
Travel-related stocks rose after China’s economy grew 8.9 percent in the third quarter, the fastest pace in a year, as stimulus spending and record lending growth helped the nation lead the world out of a recession.
Ctrip.com International Ltd., China’s biggest online- ticketing agent, had its biggest gain since Sept. 4, rising 4.2 percent to $60.70.
Cnooc Ltd. (CEO US) rose 1.9 percent to $159.57, the first gain in three days. China’s biggest offshore oil producer will outperform China Petroleum & Chemical Corp. and PetroChina Co. by as much as 30 percent as oil rises above $80 a barrel, Morgan Stanley said.
PetroChina (PTR US) gained 0.5 percent to $132.04 and Sinopec (SNP US), as China Petroleum & Chemical is known, advanced 0.4 percent to $87.33.
Sina Corp. (SINA US) increased 0.5 percent to $41.36. The operator of China’s largest Web portal was upgraded to “buy” from “neutral” by Tian Hou, an analyst at Pali Capital Inc. on an improving advertising outlook.
Trina Solar Ltd. (TSL US) advanced 1.3 percent to $35.81. The Chinese maker of solar power wafers and modules won a contract to supply 108 megawatts of panels to Spain’s Proinso for renewable energy projects in Europe.
WuXi PharmaTech (Cayman) Inc. (WX US) rose 3.8 percent to $13.47. The pharmaceutical company advanced after naming Hu Cai as vice president of business development.
To contact the reporter on this story: Tian Huang in New York at thuang57@bloomberg.net.
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