11% Gain in March for Cleantech in China
Sydney, April 11, 2016 AEST (ABN Newswire) - The March 2016 Quarterly Performance Report for the China CleanTech Index is now available.
The China CleanTech Index outperformed three of its four benchmarks for the month of March 2016 and recorded a gain of 11.4%, making up some of the 23% loses in January.
The best performing sub-indices for the quarter were the 8.3% loss for the China Storage Index and the 11.0% loss for the China Hydro Index. The worst result was recorded by the 22.5% loss from the China Efficiency Index.
The month saw gains from 15 companies of more than 30%. The greatest percentage gains were recorded by Leader Environmental Technologies (LS9.SI), Chongqing Three Gorges Water Conservancy (600116.SS) and Shenzhen Refond Optoelectronics (300241.SZ).
The market capitalisation of the 162 stocks in the China CleanTech Index is RMB 1.8 trillion (US$276 billion).
China & Environment Provides Strong Investment Thesis
The combined investment themes of China and environment provide a compelling case for investment. The sector remains volatile as it matures and reacts to environmental and industry development policy shifts. The quality and scale of the companies included in the sector varies widely and strong research into both sub-sectors and companies is essential before committing to the sector. However, the cleantech sector in China presents a very strong medium term investment thesis and the China CleanTech Index provides the first level of data to enable informed investment decisions to be made.
For information on the China Cleantech Index profile and the constituents of the China Cleantech 20, see the reports available at www.sinocleantech.com
To view the report, please visit:
http://abnnewswire.net/lnk/4OK41KQK
About Sino CleanTech
Sino CleanTech publishes the China CleanTech Index and facilitates Chinese Cleantech investments and provides services to Government agencies across Asia to help stimulate investment in the Cleantech industry. These investments include looking at listed cleantech stocks and direct investment into projects and companies. Sino Cleantech is active in facilitating:
- Investment from Chinese investors into cleantech in both China and internationally; and
- Investment from international investors into the Chinese cleantech market.
Please contact us if you are looking for funding or seeking investments.
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