NEW YORK ( TheStreet) -- Emerging-market indices ended in the green last week.

China's Shanghai Composite rose 5%, buoyed by Chinese Premier Wen Jiabao's comments that the government's efforts to tame inflation have worked and by eurozone efforts to prevent a Greek default.

India's Nifty index rose 4.9% last week, while Brazil's Bovespa gained a marginal 0.2%.

However, the S&P 500 and the Dow Jones Industrial Average finished 0.2% and 0.6% lower, respectively, as global concerns offset a bigger-than-expected rebound in durable goods orders.

For the week ended June 22, the diversified global emerging-market funds attracted $902 million, while developing nation shares witnessed withdrawal of almost $343 million,according to data compiled by international fund tracking firm EPFR.

Meanwhile, the MSCI Emerging Markets Index added 1.1%, its largest increase since the week ending April 22.

Winning stocks last week included China Sunergy ( CSUN), China Southern Airlines ( ZNH), Sify Technologies ( SIFY), TAM ( TAM) and Energy Company de Minas Gerais ( CIG). We will examine these stocks in greater detail below.

Tata Communications ( TCL) was a big loser last week, down 9.1%. Dr. Reddy's Laboratories ( RDY) followed, shedding 3.5%. Meanwhile, Mahanagar Telephone Nigam ( MTE) and Tata Motors ( TTM) lost 2.1% and 1.3%, respectively.

On the Shanghai Composite Index, stocks from the telecommunications space such as Qiao Xing Communication ( QXM) and China Techfaith Wireless Communication ( CNTF) took a beating, plunging 26.3% and 6.7%, respectively.

Biotech and agriculture stocks like Origin Agritech ( SEED) and Agria ( GRO) declined 13.4% and 8.8%, respectively.

Meanwhile, Embraer ( ERJ) erased 5% to emerge the top loser on Brazil's Bovespa index. Basic materials stocks Gerdau ( GGB) and Companhia Siderurgica Nacional ( SID) each dropped 2.8% at the end of last week.

Following are the winning stocks, ranked in ascending order of last week's gains.

5. Energy Company of Minas Gerais, a Brazil-based electric utility company generates and distributes electricity and distributes natural gas. It's also engaged in telecommunications and electricity-management systems.

The stock accumulated 3.6% last week.

Of the five analysts covering the stock, four rate it a buy and one rates it a hold. There are no sell ratings on the stock. According to Bloomberg analysts have an average 12-month price target of $27.40, up 37.4% from recent levels.

Last week, the company announced its financial guidance for the period 2011-2015. For 2011, EBITDA is expected to range from 5.0 billion reals to 5.6 billion reals and reach around $5.3 billion reals to 6.1 billion reals by 2015.

Meanwhile, CEMIG GT, the company's energy generation unit, is estimated to generate over 40.1 TWh of energy during fiscal year 2011, including 4.2 TWh secured through participation in the secondary energy market.

For 2015, generation is forecast at around 36.1 TWh as the company expects CEMIG GT's existing contracts to be renewed at higher prices from 2014 onwards. Total energy distribution (captive, free) is likely to rise from the range of 42.7-44.8 TWh expected in 2011 to 48.8-53.8 TWh in 2015.

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