NEW YORK ( TheStreet) -- A few emerging market ADRs outperformed global indices last week, while some others posted losses. The Dow Jones fell 0.1%, whereas the S&P 500 inched up 0.01%. The Shanghai Composite Index was down 0.4%, while India's Nifty edged up 0.1%. On the other hand, Brazil's Bovespa emerged as the top gainer, advancing 1.6%.
China ADRs: Winners and Losers
, provider of wireless coverage products and services in China, emerged top gainer in the past week, up 29.9%. The company recently won bids to supply equipment and integration services for the China Mobile Multimedia Broadcasting (CMMB) project. Among the 34 bidders, GrenTech won all the 7 bid sections.
climbed 26% after
(SNY - Get Report)
reportedly acquired the company for 10 cents per share, valuing the company at $520.6 million, representing a 30% premium over its Oct. 27 closing.
China VoIP & Digital Telecom
gained 23.1% last week. As part of its branding strategy, the company recently launched its new Web site and changed its name to China Intelligence Information Systems. The motive behind the re-branding is to reflect its new business strategy and the company's image of offering industry-leading server virtualization solutions and cloud computing products in China.
Fuwei Films Holdings
(FFHL - Get Report)
China Nepstar Chain Drugstore
(NPD - Get Report)
jumped 22.6%, 15.7%, and 13.6% respectively.
(SOHU - Get Report)
climbed 13.3%. Last week, the company reported a 20% year-on-year increase in its third-quarter revenue to $164.1 million, with online gaming revenues gaining the maximum of 25%. Net profit increased to $41 million, or $1.08 per share, from $37.4 million, or 97 cents per share, recorded in the year-ago period.
China Shen Zhou Mining & Resources
plunged 29.7%, after reports showed that the company does not meet the criteria of having a market cap exceeding $150 million and, therefore, does not qualify to be included in the new Rare Earth Metals ETF being launched by Van Eck.
China Green Agriculture
(CGA - Get Report)
fell 14.9% on concerns of lawsuits alleging the payment of value added tax, corporate income tax and land acquisition issues.
(GIGM - Get Report)
Orsus Xelent Technologies
eroded around 11.7%, 10.4% and 10.1%, respectively.
India ADRs: Winners and Losers
Indian ADRs trading on the
lost $2.73 billion in valuation for the week ended October 22, with IT major
(WIT - Get Report)
accounting for the majority of losses. Of the 15 listed entities, seven registered losses,
remained unchanged, while the remaining closed in the green.
emerged top gainer, advancing 1.1% by the end of last week. iGATE is now included in the S&P SmallCap 600 index, replacing one company after it was acquired by another constituent of the index.