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Shippers Advance as Broader Mkt Wanes; OOIL, PACIFIC BASIN, SITC Balloon 4-5%
The HSI reclined after ascending by 78 pts at market open, being dragged down by the declines of HSBC HOLDINGS (00005.HK) and TENCENT (00700.HK). The index last printed 21,774, down 67 pts or 0.3%.
Shippers, however, defied the trajectory of the broader market and broadly advanced. Blue-chip stock OOIL (00316.HK) ballooned 4% to $134.9. PACIFIC BASIN (02343.HK), COSCO SHIP HOLD (01919.HK) and SITC (01308.HK) likewise elevated 3.8-4.9%.
AAStocks Financial News