Saudi Arabia was hit by attacks from Yemen's Houthi militants for two consecutive days over the weekend, resulting in civilian casualties. Market concerns over escalating tensions in the Middle East, coupled with Ukraine accusing Russia of violating the energy ceasefire, have driven oil prices higher again. Brent crude futures rose as high as $107, returning to a one-month high.
Rising risks to energy supply pushed up shares related to crude oil supply; CNOOC (00883) fell less than 0.1%, trading at HK$24.12; Sinopec (00386) rose 0.8%, trading at HK$4.54; Shandong Molong (00568) surged 7.7%, trading at HK$3.995; COSCO Shipping Energy (01138) rose 2.7%, trading at HK$20.82.
Currently, the Hang Seng Index stands at 24,121, down 149 points or 0.6%, with main board turnover exceeding HK$24.9 billion. The Hang Seng China Enterprises Index stands at 8,114, down 54 points or 0.7%. The Hang Seng Tech Index stands at 4,094, down 75 points or 1.8%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| PetroChina (00857) | 10.11 | Up 2.59% |
| CNOOC (00883) | 24.12 | Down less than 0.1% |
| Sinopec (00386) | 4.54 | Up 0.78% |
| Shandong Molong (00568) | 3.995 | Up 7.68% |
| COSCO Shipping Energy (01138) | 20.82 | Up 2.66% |
| Orient Overseas (00316) | 161.90 | Up 1.38% |
| COSCO Shipping Holdings (01919) | 17.53 | Up 1.21% |
| SITC International (01308) | 50.75 | Up 0.40% |
