Shandong Molong Petroleum Machinery Company Limited (00568) opened sharply higher in morning trading, rising over 7%. At the time of writing, the stock was up 7.43%, trading at HKD 8.53 with a turnover of HKD 425 million.
International oil prices surged sharply at 9:00 AM Beijing time. At the time of writing, Brent crude futures had extended gains to over 4%, reaching USD 105.35 per barrel.
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