HK Stock Market Move | Shandong Molong Petroleum Machinery stock (00568) surged over 9% at one point, and the company's A shares reached the daily limit in the afternoon.

Shandong Molong Petroleum Machinery (00568) rose more than 9% in the afternoon, with the company's A-shares hitting the daily limit. As of the time of writing, it was up 7.11% at HK$4.37, with a trading volume of HK$618 million. According to Xinhua News Agency, as October approaches, cold air is frequently affecting China. The strongest cold air of the second half of the year is about to arrive, sweeping across China from north to south starting on October 14th, with its impact reaching as far south as South China. Northern parts of North China, southern parts of Northeast China, Hunan, Guizhou, and other areas will be the core areas of cooling, with temperature drops in many places exceeding 10. Public information shows that Shandong Molong Petroleum Machinery is involved in the energy equipment industry, manufacturing specialized equipment for energy extraction such as oil, natural gas, shale gas, coal, and coalbed methane, belonging to the category of specialized equipment manufacturing and services for the oil and gas industry. Therefore, the development and prosperity of the oil and gas extraction industry directly affect the development of the company's industry.