Hong Kong Stock Market Dynamics | China COSCO Shipping Energy Transportation Co., Ltd. (01138.HK) surged more than 8% and plans to raise 8 billion yuan through a rights issue to update its fleet. Increased oil production is expected to drive demand for oil transportation.
According to the Wise Financial APP, China COSCO Shipping Energy Transportation (01138.HK) rose more than 8% in the early trading session. As of the time of writing, it has risen 5.3% to HK$8.74 with a trading volume of HK$133 million.
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