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GTJA: Differentiated market impact on shipping, short-term freight rates fall without changing the medium-term upward trend.
The recent expected changes in oil prices are affecting trade pace. The short-term freight rates are expected to fall temporarily but the medium-term trend is still upward. In the second half of the year, the marginal impact of Middle East production cuts will weaken, and the rigidity of supply during the peak season will be highlighted. The economy is expected to improve and performance is expected to grow.
Harbour transportation stocks rebound, ooil (00316) rose 3.23%. Institutions are optimistic about the rise in tanker cycles.
Jingu Wealth News | Harbour transportation stocks rebounded, OOIL (00316) rose 3.23%, COSCO Shipping Holdings (01919) rose 2.74%, Pacific Basin (02343) rose 1.97%, China Merchants Port (00144) rose 1.33%, COSCO Ship Engy (01138) rose 1.18%. Morgan Stanley published a research report pointing out that due to the tight supply, the rising cycle of tankers for the next 1 to 2 years is still very optimistic. If the disturbance in the Red Sea persists, the upward trend of container spot freight rates may continue until the summer, but the problem of oversupply still worries people. Huafu Securities stated that the entire
Prominent stock commentator Ye Shangzhi: Hot stocks collectively give back gains, market sentiment cools down.
On June 11, the Hong Kong stock market continued its consolidation trend after the Dragon Boat Festival holiday. Recently, hot sectors have collectively seen large-scale pullbacks, and with the Fed's interest rate meeting coming up this week, it is believed to be a factor affecting market sentiment. The Hang Seng Index fell for the second consecutive day, dropping by 190 points to close below 18,200 points, the lowest closing price since June. We should be wary of further selling pressure in the market. In terms of trend, initial resistance for the Hang Seng Index has been established at the 18,500 point level, and it is advisable to quickly return to that level to reverse the weak selling momentum. Otherwise, as we previously pointed out, there may be short to medium-term
Hong Kong stocks fluctuate | marine transportation stocks continue to decline. Some institutions claim that part of the funds are based on the weakening of the forward supply and demand, and they are rushing to get ahead. There is currently no sign of det
According to the report by China Finance Online, marine transportation stocks continued to fall. As of the publication, Pacific Basin (02343) fell 4.58% to HKD 2.5, COSCO Shipping Holdings (01919) fell 3.66% to HKD 12.62, Orient Overseas International (00316) fell 1.83% to HKD 123.2, and COSCO Shipping Development (02866) fell 0.94% to HKD 1.05. Futures block orders pointed out that yesterday, the EC main force 08 contract plummeted 5.17% and the far-month contract once hit the limit down, with serious bull trampling. The capital logic may mainly include two points: on the one hand, after the continuous sharp rise in spot prices; the market...
Hong Kong market overview on the 11th: Hang Seng fell by 1.0%, continuing to decline. Ooil fell by 9.4%.
On the first day of trading after the holiday, the Hong Kong market continued to decline, with the Hang Seng Index, which is composed of 82 major stocks, falling by 190.61 points (1.04%) to 18,176.34 points compared to the previous trading day, and the China Mainland Stock Index (formerly H-share Index), which is composed of Mainland Chinese stocks, falling by 58.31 points (0.90%) to 6,452.06 points. The trading volume was HK$139.864 billion (HK$133.117 billion on the 7th), continuing the weak trend from the end of last week. This is according to the announcement made on the 7th for May.
Trending Industry Today: COSCO SHIP HOLD Leads Losses In Harbour Transportation Stocks
June 11th - The industry of $Harbour Transportation(LIST1213.HK)$ is trending lower today with 1 constituents up, 8 constituents down and COSCO SHIP HOLD leading Losses.$COSCO SHIP HOLD(01919.HK)$ dec
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