On July 15, Shandong Molong fell 8.56% in regular trading, trading at HKD 5.88/share with turnover of HKD 127 million. The decline was driven by JPMorgan's forecast that a potential US-Iran peace agreement could materially increase global crude oil supply, causing international oil prices to fall sharply and dragging down the oil & gas equipment and services sector broadly.
The stock had previously surged on escalating US-Iran military tensions, with its A-shares triggering abnormal trading alerts on both July 9 and July 14 after cumulative gains exceeded 20%. Dragon-Tiger list data from July 14 showed institutions net sold RMB 12.45 million and northbound capital net sold RMB 13.36 million over three trading days, signaling sustained capital outflows. The company confirmed no undisclosed material information exists. With geopolitical tensions easing and profit-taking concentrated, short-term correction pressure is being released.
Within the Oil & Gas Equipment & Services sector, SINOPEC SSC down 3.12%, DALIPAL HLDG down 3.76%, PETRO-KING down 2.86%, HONGHUA GROUP up 9.23%, ANTON OILFIELD flat.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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