Shipping group OOIL surges as Baltic sea freight index rises, rivals up

Orient Overseas (International)

14/09/2023 05:13

** Shares of container shipping group Oriental Overseas
(International)  0316.HK  (OOIL) rise 3.9% to HK$102, on course
for biggest one-day pct rise since July 19 if gains hold
    ** Stock set to snap two consecutive sessions of decline;
top pct gainer in Hang Seng Commerce & Industry Index  .HSNC 
and Hang Seng Index  .HSI 
    ** The Baltic Exchange's main dry bulk sea freight index
 .BADI  hit its highest in more than three months on Wednesday,
powered mostly by gains in larger vessel segments 
    ** Shares of dry bulk shipping firms also jump with COSCO
Shipping Holdings  1919.HK , Pacific Basin  2343.HK  and SITC
International  1308.HK  up between 0.9% and 4.6%
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.3%,
while Hang Seng Index  .HSI  and Hang Seng Composite Index
 .HSCI  both ease 0.2%

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