--- title: "Hong Kong Stock Movement: SHENGLI PIPE's shareholder equity slightly changed, causing a sensitive market reaction that led to a 16.95% plunge in stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/277712222.md" description: "SHENGLI PIPE fell 16.95%; Shandong Molong fell 3.48%, with a transaction amount of HKD 1.963 billion; Sinopec Oilfield Service fell 9.21%, with a transaction amount of HKD 900 million; CNOOC Oilfield Services fell 7.02%, with a transaction amount of HKD 277 million; Dalipu Holdings fell 12.57%, with a market value of HKD 9.418 billion" datetime: "2026-03-04T02:37:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277712222.md) - [en](https://longbridge.com/en/news/277712222.md) - [zh-HK](https://longbridge.com/zh-HK/news/277712222.md) --- # Hong Kong Stock Movement: SHENGLI PIPE's shareholder equity slightly changed, causing a sensitive market reaction that led to a 16.95% plunge in stock price **Hong Kong Stock Movement** SHENGLI PIPE fell 16.95%. Based on recent key news: 1. On March 3rd, SHENGLI PIPE disclosed changes in shareholder equity, with a slight decrease in shareholding ratio. The shareholding ratio of Shandong Private Joint Investment Holding Co., Ltd. and other institutions decreased from 15.00% to 14.99%. Although the change is minor, the market's sensitivity to changes in shareholder structure may lead to stock price fluctuations. Source: Zhitong Finance 2. There have been no other significant news recently. The market is sensitive to changes in shareholder structure. **Stocks with High Trading Volume in the Industry** Shandong Molong fell 3.48%. Based on recent key news: 1. On March 3rd, Shandong Molong announced that its stock had deviated by more than 20% over two consecutive trading days, indicating abnormal fluctuations. The company confirmed that there are no undisclosed significant matters and reminded investors to pay attention to risks. Source: Zhitong Finance 2. On March 3rd, Barclays PLC increased its holdings in Shandong Molong by 3.8668 million shares, raising its shareholding ratio to 7.76%. This move shows institutional confidence in the stock. Source: Zhitong Finance 3. On March 3rd, oil prices continued to rise, and oil service-related stocks were favored, with Shandong Molong's stock price surging by over 50%. Source: Jinshi Data Oil price increases drive strong performance in oil service stocks. Sinopec Oilfield Service fell 9.21%. Based on recent news: 1. On March 3rd, Sinopec Oilfield Service announced that its stock had deviated by more than 20% over three consecutive trading days on February 27th, March 2nd, and March 3rd, indicating abnormal trading fluctuations. The company stated that production and operations are normal, and there have been no significant adjustments in market conditions or industry policies, nor have there been substantial fluctuations in production costs and sales. Source: Zhitong Finance 2. On March 3rd, oil stocks collectively declined, with CNOOC, PetroChina, CNOOC, and Sinopec all experiencing varying degrees of decline. On the news front, the three companies issued announcements regarding abnormal trading fluctuations, indicating uncertainty in international crude oil price trends. Source: Zhitong Finance 3. On March 2nd, tensions in Iran and news of the closure of the Strait of Hormuz raised market concerns, leading to significant fluctuations in international oil prices. Several maritime insurers indicated they would cancel war insurance for vessels operating in the Gulf region. Source: Zhitong Finance Oil stocks collectively declined, increasing uncertainty in international crude oil prices. CNOOC Oilfield Services fell 7.02%. Based on recent key news: 1. On March 4th, CNOOC Oilfield Services announced that its A-shares had deviated by more than 20% over two consecutive trading days, but no undisclosed significant information was found, and production and operations are normal. This announcement failed to alleviate market concerns about stock price fluctuations, leading to declines in Hong Kong stocks. 2. On March 3rd, the international crude oil market experienced significant fluctuations due to geopolitical situations and supply-demand dynamics. CNOOC Oilfield Services and other oil stocks issued announcements regarding trading anomalies, indicating uncertainty in oil prices, which heightened investor risk awareness and put pressure on stock prices On March 2nd, Bank of America Securities upgraded the rating of China Oilfield Services Limited to "Buy," raising the target price to HKD 12.6. Although the earnings forecast remains unchanged, the market's tendency to reassess oil service assets has not offset the impact of short-term market fluctuations. Oil price volatility has intensified, and geopolitical risks have risen. **Stocks ranked among the top in industry market capitalization** Dalipe Holdings fell 12.57%, with a market capitalization of HKD 9.418 billion, and there has been no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [01080.HK](https://longbridge.com/en/quote/01080.HK.md) ## Related News & Research - ['Fast Money' traders dissect the move in rates and how it impacted the equity market](https://longbridge.com/en/news/286970266.md) - [US MBA Mortgage Applications 15-May: -2.3% (prev 1.7%) - 30-Yr Mortgage Rate: 6.56% (prev 6.46%)](https://longbridge.com/en/news/287055363.md) - [Man Wah files HKEX next-day return, discloses share buyback at HKD 3.61 each](https://longbridge.com/en/news/287084902.md) - [BOE policymaker Breeden says no need to rush in taking next policy step](https://longbridge.com/en/news/286713791.md) - [URBANICA Furniture Makes Better Workdays Easier to Design](https://longbridge.com/en/news/287003627.md)