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Oil Service Stocks Plummet; SHANDONG MOLONG/ PETRO-KING Slip 17%/ 21%
Recommend 16 Positive 28 Negative 23 |
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Oil and gas equipment and service stocks ebbed back drastically today (10th) after surging yesterday (9th), as US President Donald Trump said that the war with Iran will end very soon. He is also purportedly weighing options to ease Russian oil sanctions to suppress oil prices. This morning, international oil prices slumped by approximately 10%. SHANDONG MOLONG (00568.HK), which saw its stock price spike by 25% yesterday, opened 14.93% lower today, bottoming at HKD7. It last traded at HKD8.56, down 17.53%, with a trading volume of 74.1758 million shares, involving HKD593 million. PETRO-KING (02178.HK) last quoted at HKD0.21, down 20.75%. CHK OIL (00632.HK) last stood at HKD0.415, down 20.19%. SINOPEC SSC (01033.HK) last priced at HKD1.1, down 7.56%. As for the "Three Oils", CNOOC (00883.HK) and PETROCHINA (00857.HK) both sagged over 2%, while SINOPEC CORP (00386.HK) last stood at HKD5.06, up 1.4%. AASTOCKS Financial News Website: www.aastocks.com |
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