Back    Zoom +    Zoom -
Shippers Advance as Broader Mkt Wanes; OOIL, PACIFIC BASIN, SITC Balloon 4-5%
Recommend
78
Positive
98
Negative
71
2023/02/01 10:40
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%.

Related NewsGuotai Junan Expects CN Online Game Product Cycle to Quicken amid Intensive License Approval

AAStocks Financial News