September 2016 Performance Report
Sydney, Oct 25, 2016 AEST (ABN Newswire) - The September 2016 Performance Report for the China CleanTech Index is now available.
The China CleanTech Index underperformed all of its four benchmarks for the month of September 2016 and recorded a loss of 3.9% losing most of August's gains. Over the third quarter of 2016, the China CleanTech Index recorded a gain of 1.8%, also underperforming all its benchmark indices.
The best performing sub-indices for the month were the China Waste Index with a 1.9% loss. The two weakest sub-indices through September were the China Storage Index with a 7.7% loss and the China Solar Index with a 6.7% loss.
Over the quarter, 12 companies recorded share price gains of more than 30% and 8 companies recorded losses of more than 30%.
The market capitalisation of the 162 stocks in the China CleanTech Index is RMB 1.82 trillion (US$272 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 http://www.sinocleantech.com
To view the report, please visit:
http://abnnewswire.net/lnk/65BAKI62
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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