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Emerging-Market Winners and Losers

NEW YORK ( Thestreet) -- Global indices ended mixed last week. China's Shanghai Composite Index rose 1.2%, and India's Nifty edged up 0.1%, outperforming the Dow Jones Industrial Average and the S&P 500, which lost 0.3% and 0.6%, respectively. Brazil's Bovespa shed 3.0%.

China: Winners and Losers

HSW International (HSWI) was the top gainer last week, rising 51.6%. WSP Holdings (WH) and New Oriental Energy & Chemicals (NOEC) followed, gaining 30.6% and 28.6%, respectively.

Noah Education Holdings (NED) advanced 24.4% last week. The company announced last week a definitive agreement to acquire an 80% interest in Shanghai Yuanbo Education Information and Consulting for a total value of $15.7 million. Noah recently received an initial payment of $6.1 million from First Win Technologies for the acquisition of Noah's Electronic Learning Products business and operating assets.

Feihe International (ADY) climbed 23.5% last week. Airline stocks China Southern Airlines (ZNH) and China Eastern Airlines (CEA) added 21.1% and 17%, respectively, on rising throughput numbers. China Southern reported last week that its passenger throughput in March was up 1.3% year over year, while cargo recorded a 7.3% increase. Similarly, for the first quarter, China Eastern's passenger throughput jumped 15.95% year over year.

Software stocks Shanda Games (GAME) and CDC (CHINA) rose 14.2% and 11.9%, respectively. CDC announced last week that its subsidiary will realize significant gains from a private equity fund investment of $14 million. CDC is due to release its fourth-quarter results on Thursday, April 21.

Leading the pack of losers, Fuwei Films (Holding) (FFHL) plunged 20.3% at the end of last week. Telecom company Telestone Technologies (TSTC) followed, declining 18.3%.

China Green Agriculture (CGA) gained 10.5%. Last week, the company announced that subsidiary Gufend has signed a fertilizer export contract with Beijing Baofengnian Agricultural Material to export 30,000 metric tons of compound fertilizer products through Baofengnian.

Food stocks AgFeed Industries (FEED) and Agria (GRO) shed 8.6% and 8.3% last week, respectively.

India: Winners and Losers

Sify Technologies (SIFY - Get Report) continued to extend its gains for the second consecutive week, climbing 37.7%. The company is focusing on expanding its presence in Europe, Asia, and Africa. Besides, and it's also looking to penetrate the U.S. market, both horizontally and vertically. (REDF - Get Report) followed, up 18.4% last week. Major Internet companies experienced huge buying interest last week.

Mahanagar Telephone Nigam (MTE) gained 2.8% last week.
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ZNH $36.49 -5.27%
SIFY $1.17 -0.85%
REDF $1.03 0.98%
AAPL $117.81 -0.19%
FB $105.45 0.04%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
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