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 - Get Report), TAM ( TAM) and Energy Company de Minas Gerais ( CIG - Get Report). 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.

4. TAM, operating through three subsidiaries, provides scheduled air transportation services in both the domestic and the international markets. The airline offers passenger and cargo routes to 42 cities and serves an additional 40 domestic destinations through regional alliances. The stock rose 3.9% last week.

Of the nine analysts covering the stock, seven rate it a buy and two rate it a hold. There are no sell ratings on the stock. According to Bloomberg, analysts on average have a $26.84 12-month price target on the stock, up 28.7% from recent levels.

3. Sify Technologies is an integrated Internet, network and electronic commerce services company in India, offering end-to-end solutions with a range of services delivered over a common Internet backbone infrastructure. The company structures its operations into corporate network/data services, Internet access services, and other services such as development of e-learning software. At close last week, the stock was up 6.0%.

Last week, Sify partnered with Fortinet ( FTNT) to roll out on-demand security solutions for cloud computing customers and its Clean Connect service. These services are designed to guarantee secure bandwidth and clean connectivity to its enterprise customers.

Meanwhile, the company recently unveiled that it is seeking to position itself as an ICT (information, communication and technology) company and has started setting up data centers and invested in fully-owned software solution company called Sify Software, an entity that provides applications for enterprise segments.

2. China Southern Airlines is based in Guangzhou and claims to be China's largest airline. The stock gained 9.7% in the past week.

Both the analysts covering the stock give it a hold rating. There are no sell ratings on the stock. Analysts polled by Bloomberg have an average 12-month price target of $41.67, up 58.7% from recent levels.

Last week, the company won $9.25 billion in financial support from the National Development Bank for the next five years. The airline will use the loan for acquisitions and investment banking, as well as for repaying working capital and other purposes.

Additionally, it emerged last week that the airline has ordered 20 Embraer ( ERJ) 190 regional jets powered by General Electric ( GE) engines.

The carrier has announced plans to increase flights to the Tibetan capital Lhasa from the current four services a day to at least 10 times a day by 2015.

1. China Sunergy designs, develops, manufactures and sells solar cells through its wholly owned subsidiary. CSUN produces both monocrystalline and multicrystalline silicon solar cells and selective emitter cells, which are an improved version of the P-type solar cells. The stock leaped 31.3% last week.

On June 22, Collins Stewart assigned a buy rating to the stock with a price target of $3.15, an increase of 50% from current levels.

The company updated its guidance for the second quarter and fiscal 2011 last week. For second-quarter 2011, the company expects its solar module shipments to range from 100 MW to 110 MW. For full year 2011, it pegs shipments between 580 MW and 600 MW.

Meanwhile, CSUN's fully owned subsidiaries China Sunergy (HK) and China Sunergy (Nanjing) are seeking to raise annual silicon cell production capacity by co-investing $0.28 billion in a 1GW solar cells expansion project in Yangzhou City in China's Jiangsu Province.