Cnooc Leads Slide In Hk: listed oil shares amid weak oil prices

Kunlun Energy

04/09/2024 03:13

** China's CNOOC Ltd  0883.HK  lead slide in Hong
Kong-listed oil shares, falling 5.4% to HK$20.1 to the lowest
since Aug 22, as oil prices struggled near their lowest level in
months
    ** CNOOC stock on track for the biggest one-day pct drop
since Aug 5; top pct loser in Hang Seng Index  .HSI  and in Hang
Seng China Enterprises Index  .HSCE , which both fall 1.5%
    ** Oil prices fell on Wednesday, extending the previous
day's more than 4% plunge, on expectations the political dispute
that has halted Libyan exports may be resolved and concerns over
lower global demand growth
    ** Hong Kong stocks PetroChina  0857.HK  and Sinopec
 0386.HK  fall 4.8% and 3.2% respectively
    ** Shanghai shares of CNOOC  600938.SS , PetroChina
 601857.SS  and Sinopec  600028.SS  fall between 1.6% and 4.7% 
    ** In Hong Kong, Hang Seng Mainland Oil & Gas Index
 .HSMOGI  drops 4.1%; In China, CSI Energy Index  .CSIEN  falls
2.4%
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))