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The situation in the Middle East has once again become the focus of the market. Pacific Shipping surged more than 9% to lead the sector
① What is the current state of the conflict between Israel and Iran? ② What is the reason for the surge in Pacific Shipping?
Zheshang Securities: Geographical conflict intensifies freight rate fluctuations, increasing demand in emerging countries drives up demand for oil transportation
The Zhitong Finance App learned that Zheshang Securities released a research report saying that current orders are historically low, supply rigidity is determined, global inventory replenishment provides demand-side support, and increased demand from emerging Asia-Pacific countries such as China and India is driving up demand for oil transportation. The restructuring of global oil trade after the Russia-Ukraine conflict led to a significant increase in transit distances. Furthermore, against the backdrop of production cuts in the Middle East, shipments from long-distance regions such as the Gulf of America, South America, and West Africa have increased, which is expected to further drive up demand for tons and nautical miles. Continue to be optimistic about the interpretation of the oil boom cycle and recommend COSCO Haineng (600026.SH), China Merchants Shipping (601872.SH), and China Merchants Nanyou (601)
Hong Kong Stock Afternoon Review | The three major indices fell sharply, auto stocks fell, and Ideal Auto fell by more than 7%
Technology and network stocks generally fell; Xiaomi fell more than 4%, Meituan fell nearly 4%; shipping stocks rose higher, Pacific Shipping rose more than 9%, and COSCO Haineng rose more than 5%.
Intraday Overview | The three major indices fell sharply, and the technical index fell nearly 3%; oil and shipping stocks rose against the market
Technology and network stocks generally fell; Meituan fell nearly 5%, Xiaomi fell more than 4%, and Ali fell nearly 3%; automobile stocks had the highest declines, with Ideal and Xiaopeng falling nearly 7%.
Changes in Hong Kong stocks | Dongfang Overseas International (00316.HK) rose more than 4%, leading the way forward, the situation in the Middle East, once again escalated, European shipping soared by more than 15% to reach a new listing high
Shipping stocks generally rose in early trading. As of press release, Dongfang Overseas International (00316.HK) rose 3.48% to HK$101.2; COSCO Maritime Control (01919.HK) rose 3.36% to HK$8.93; and Sinotrans (00598.HK) rose 1.24% to HK$4.07. Additionally, Pacific Shipping (02343.HK) rose 8.26% to HK$2.62; COSCO Marine (01138.HK) rose 5.21% to HK$9.08.
Changes in Hong Kong stocks | COSCO Haineng (01138.HK) rose nearly 6%, a new round of price increases gradually landed, and European freight futures hit a three-month high
COSCO HNA (01138.HK) rose nearly 6% and rose 5.91% at press time to HK$9.14, with a turnover of HK$57.6 million.
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