Sitc Leads Rally In Hk: listed dry bulks shipping firms as Baltic's sea freight index jumps

Orient Overseas (International)

16/12/2022 08:14

** SITC International  1308.HK  leads rally in Hong
Kong-listed dry bulks shipping firms, tracking gains in Baltic
Exchange's dry bulk sea freight index; surges as much as 13.7%
to HK$22.80, their highest since Aug. 26 
    ** Stock is on course for a seventh straight session of
gain; second-biggest pct gainer in the Hang Seng Composite Index
 .HSCI  
    ** The Baltic Exchange's dry bulk sea freight index  .BADI 
rose on Thursday to mark its biggest one-day percentage gain
since mid-September, underpinned by a jump in capesize rates
 urn:newsml:reuters.com:*:nL4N33533Z
    ** The overall index gained about 9.1% and the capesize
index  .BACI  climbed 21.6%
    ** Shares of OOIL  0316.HK , biggest pct gainer in the Hang
Seng Index  .HSI , jump 7.9%
    ** Stocks of COSCO Shipping Holdings  1919.HK  and Pacific
Basin  2343.HK  surge more than 5%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both climb 0.6%
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))