The top after-market NASDAQ stock market gainers are: Qiao Xing Universal Resources, Ossen Innovation, Rediff.com India, AgFeed Industries, Ener1, Endo Pharmaceuticals Holdings, Nanosphere, iGo, Sify Technologies, and East West Bancorp.
Qiao Xing Universal Resources, Inc. (XING) advanced 10.33 percent to $2.99 in the after-market trading. The company said it has posted some pictures taken from its newly acquired Xinyuan Lead-zinc-copper Mine in Chifeng city of the Inner Mongolia Autonomous Region on its website. The company also expects to launch a new website early in January to replace the existing one to reflect its focus in the recourses industry.
Ossen Innovation Co., Ltd. (OSN) jumped 5.10 percent to $5.15 in the after-hours session. The stock reached a new high of $5.39 during Wednesday's regular trading, after its American depository shares begin trading on Dec. 21.
Rediff.com India Ltd. (REDF) climbed 4.72 percent to $5.55 in the after-market trading. The stock reached a new 52-week high of $5.61 during Wednesday's regular trading.
AgFeed Industries, Inc. (FEED) surged 3.52 percent to $2.65 in the after-hours session.
Ener1, Inc. (HEV) soared 3.40 percent to $3.87 in the after-market trading.
Endo Pharmaceuticals Holdings Inc. (ENDP) improved 3.07 percent to $36.30 in the after-hours session. The company said FDA approved its Fortesta Gel for the treatment of low testosterone (hypogonadism), a medical condition characterised by low sex drive, poor erections, and depression, among others. The company expects to introduce Fortesta Gel in the U.S. in early 2011.
Nanosphere, Inc. (NSPH) grew 2.58 percent to $4.79 in the after-market trading.
iGo, Inc. (IGOI) gained 2.30 percent to $4 in the after-hours session.
Sify Technologies Ltd. (SIFY) increased 2.27 percent to $2.25 in the after-market trading.
East West Bancorp, Inc. (EWBC) rose 2.20 percent to $20 in the after-hours session. The company exited the TARP Capital Purchase Program fully with the repayment of $306.5 million of preferred stock issued to the U.S. Treasury Department. The company used available cash to fund the repurchase and payment of the final dividend of $1.8 million.
East West Bancorp said the discount with respect of the issuance of the preferred stock would result in a one-time non-cash reduction in net income available to common shareholders of about $18.7 million.
Including the final dividend payment, East West said its earnings for the fourth quarter would be reduced by 14 cents a share. While reporting its third-quarter result, the company had expected earnings of 28 cents to 31 cents a share for the fourth quarter. In the first quarter of 2011, the company plans to repurchase the outstanding warrant, which allows the U.S. Treasury to buy 1.5 million shares of the company's common stock from the Treasury.