Chinese stocks impede index performance
- From: Vol 10, Issue 9 (September 2009)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Agbar, American Water, ITT, Kurita Water Industries, Nalco, Sabesp, Severn Trent, Suez Environment , United Utilities and Veolia Environnement (formerly Vivendi Environnement)
A 10% slump in the Shanghai Composite Index over the past month fed through into the GWI Global Water Index. The three big listed Chinese water stocks were the worst performers this month.
The GWI Global Water Index rose by 3.7% this month, underperforming the MSCI World Index, which advanced by 5.2%. The main drag on stock performance was China – the three Shanghai-listed stocks in our index occupy the three bottom slots in terms of individual share performance this month (see right), reflecting a 10% slump in the Shanghai Composite index ...
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