HK Stock Market Move | Pacific Shipping (02343) rose nearly 4% during trading, with a significant increase in the dry bulk shipping market. The Baltic Dry Index (BDI) has once again risen.
Pacific Shipping (02343) rose nearly 4% during trading hours, as of the time of publication, it rose 3.04% to 3.39 Hong Kong dollars, with a turnover of 54.45 million Hong Kong dollars.
The Pacific Shipping (02343) rose nearly 4% during the trading session and, as of the end of the trading day, rose by 3.04% to HK$3.39, with a turnover of HK$54.4536 million.
On the news front, on May 12, the Baltic Dry Index (BDI) reported 3063 points, reaching a new high since December 5, 2023, with a 2.07% increase compared to the last period, marking the largest increase in 4 days and the second consecutive day of increase. Guotai Haitong pointed out that considering the end of the rain season in Brazil and the upcoming energy demand season in East Asia, the market is expected to remain prosperous. In the next two years, the West Mangdou project's production capacity will gradually be released, which is expected to drive up the utilization rate of the dry bulk market and improve its prosperity.
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