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China Mobile a Top Mover By Market Capitalization

Chinese mobile communications giant China Mobile (CHL) once again is today’s top mover by market capitalization.

China Mobile Ltd. [[CHL]]had a strong trading day Monday, gaining more than $4.53 billion in market capitalization on the heels of Friday’s $4.37 billion gain. China’s largest cellular company by subscribers is perhaps up on the momentum provided by a number of significant analyst upgrades for Chinese mobile companies – China Telecom Corp. [[CHA]] and China Unicom [[CHU]] were both upgraded from “Hold” to “Buy” – as well as general bullishness on the state of the Chinese economy which has helped China Mobile shares gain more than 22% over the last month.

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