This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerging-Market ADRs: Winners and Losers

Sterlite Industries India (SLT) edged up 1.1%. The company recently reported 19% year-over-year increase for its fourth quarter mined metal production to 194,000 tons, led by higher contributions from Rampura Agucha and Sindesar Khurd mines. Also, zinc production was up 29% during the same quarter.

WNS Holdings (WNS) was at the helm of losers, declining 3.5%. The company is scheduled to release its fourth quarter and full-year results on April 20, 2011. iGATE (IGTE) slipped 3.2% at close last week. The company plans to offer senior notes of $770 million in principal amount to partially fund its pending Patni acquisition.

Cognizant Technology Solutions (CTSH) dipped 2.6%. The company is likely to report its first quarter 2011 earnings on May 3. 2011 before the market opens.

ICICI Bank (IBN) eroded 1.6% value last week. However, leading a consortium of 13 other lenders, the bank acquired 23.37% stake in Kingfisher, declining the founder shareholders' stakes to 58.61% from 66.28%. Infosys Technologies (INFY) fell 1.4%.

Brazil: Winners and Losers

Ultrapar Participacoes (UGP) topped the advancers' list with gains of 6.2% at the end of the past week. Subsequent to the company unveiling its plans to convert all its shares into voting stock, UGP shares ramped up gains. Meanwhile, as per the company's filing, shareholders will receive one voting share for each preferred share after BMF & Bovespa approve the company's request to be listed on the Novo Mercado - a section of the Sao Paulo exchange with stricter requirements for disclosure.

Gafisa (GFA) increased 6.0% after Zacks Investment Research upgraded the company's shares to neutral from the earlier underperform. Major telecom player, Brasil Telecom (BTM) accumulated 5.1% last week.

Petrochemical company, Braskem (BAK) gained 4.0% at close last week. The company announced last week to add capacity for PVC and polyethylene by 2015. PVC expansion will be through a capacity addition of more than 400 million pounds in Brazil during the first half of 2012. Polyethylene addition is through a larger joint venture project between Braskem and Mexican petrochemicals maker IDESA, which will result in more than 2 billion pounds of capacity each for PE and ethylene feedstock.

Communications service providers TIM Participacoes (TSU) and Tele Norte Leste Participacoes (TNE) gained 3.7% and 3.6% during the past week. Reversing the prior week's losses, Net Servicos de Comunicacao (NETC) gained 3.3%. Centrais Eletricas Brasileiras SA (Eletrobras) (EBR) edged 3.2% higher. Last week, Fitch upgraded its foreign currency IDR to BBB with a stable outlook from the earlier BBB-.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SHZ $0.10 0.00%
CAAS $7.36 0.00%
EDU $23.88 0.00%
ERJ $30.50 0.00%
SINA $35.98 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs