On June 9, China Shenhua Energy (01088.HK) declined 3.01% in regular trading, trading at 45.36 HKD/share, with trading volume of approximately 101 million HKD. The pullback comes just one session after the stock surged over 5% on the A-share market, hitting an 18-year high.
The broader Coal & Consumable Fuels sector saw widespread weakness, with the decline appearing to reflect profit-taking following the previous sessions sharp rally. On June 8, the A-share listed China Shenhua had climbed over 5% to a new high since November 2007, driven by escalating Middle East geopolitical conflicts that pushed NYMEX WTI crude up 4.54% to $94.65/barrel and ICE Brent up 4.74% to $97.50/barrel. Within the sector, YANKUANG ENERGY fell 5.23%, KINETIC DEV fell 4.66%, CHINA COAL fell 3.28%, CGN MINING fell 3.15%, and YANCOAL AUS fell 2.25%.
(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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