Shares in the Hong Kong oil and gas sector demonstrated strength during the morning session, with SHANDONG MOLONG (HKG: 0568) seeing a notable rebound.
The stock rose over 17% in early trading, following a significant decline of nearly 18% in the previous session. At the time of reporting, the share price was up 14.83%, trading at HK$6.35 with a turnover of HK$495 million.
The sector's positive performance coincided with a recovery in international oil prices, where Brent crude futures briefly surpassed the $93 per barrel level.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments