NEW YORK ( TheStreet) -- Here are a few emerging market American depositary receipts winners and losers from last week.
Among China's ADRs,
Gushan Environmental Energy
Noah Education Holdings
were up 40% and 23.4%, respectively. Gushan, a leading biodiesel producer in China, announced a definitive agreement to acquire a 67% beneficial ownership interest in
Mian Yang Jin Xin Copper
Solar stocks like
JA Solar Holdings
were up 13.5% and 10.3%, respectively. Both companies have signed a financial partnership agreement with the Shanghai branch of China Development Bank for 30 billion yuan ($4.48 billion) and 60 billion yuan ($8.95 billion), respectively. The credit will be used to fund the companies' long-term growth and corporate development plans.
(BIDU - Get Report)
, the largest internet service provider in China, rose 14.1% as Web site traffic has doubled since August 2009; the firm recorded 1 billion daily visits. The company said it plans to generate additional revenue through social games.
Major losers for the week were
eFuture Information Technology
New Dragon Asia
, down 9.6% and 8.6%, respectively.
Indian ADRs trading on the
New York Stock Exchange
added $5.12 billion to their market capitalizations last week, with IT majors
(WIT - Get Report)
(INFY - Get Report)
contributing toward the majority of the gains collectively adding $3.18 billion.
surfaced as the highest grosser for the second consecutive week, up 37.9% as its market cap soared by $45 million.
and Wipro were up 29.5% and 6.4%, respectively. Recently, Wipro was among the few IT companies handpicked by
(ORCL - Get Report)
for the joint development initiative on next generation Oracle Fusion Applications.
The sole loser was
Satyam Computer Services
, down 8.8%, as the company will be delisted from the NYSE on its inability to comply with U.S. market norms. The company's market cap slumped $3.15 billion last week.
Among the Brazilian ADRs gainers,
(VALE - Get Report)
was up 7.9% as it has announced plans to roll out a fertilizer division in an initial public offering in 2011, according to
The company expects the new fertilizer unit will be the second highest revenue earner after its iron ore unit.
Petrobras Energia Participaciones
(PZE - Get Report)
soared 6.4% and has emerged as the second-highest gainer. The company raised $70 billion last week through what is being termed as the biggest global share offering to finance its planned offshore oil exploration. This move could turn Brazil into a major energy exporter.
Major losers for the week included
(GGB - Get Report)
Companhia Energetica Minas Gerais
, declining 6% and 4.3%, respectively.