China Watch: China Housing & Land Development
November 12, 2009 (FinancialWire) — China Housing and Land Development, Inc. (NASDAQ: CHLN) was one of the top three stocks among yesterday’s combined NYSE, NASDAQ and AMEX 25 greatest percentage winners, trading on volume of 1,509,040 shares and gaining $30.0 million.
China Housing & Land Development, Inc., through its subsidiaries, engages in the acquisition, development, management, and sale of commercial and residential real estate properties in the People’s Republic of China. It improves and develops land, as well as performs infrastructure projects, including engineering and installation of water systems, roads, sewer systems, waterway damns and bridges, and public park facilities for local governments. The company also constructs and sells residential and/or commercial facilities. It offers its services through sales managers and commission driven direct sales personnel, as well as marketing campaign, such as television, radio, billboard, and the Internet to middle income families. The company was founded in 1992 and is based in Xian, China.
Additional information about yesterday’s NYSE/NASDAQ/AMEX market activity is available via today’s “FirstAlert(tm) Money Index Synopsis” (http://www.financialwire.net/2009/11/12/firstalert-money-index-synopsis-7), which is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 25 most actives and NYSE/NASDAQ/AMEX greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market.
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