--- title: "Hong Kong stock movement: COSCO SHIP ENGY rises 11.15%, as the resumption of passage through the Strait of Hormuz boosts market confidence!" type: "News" locale: "en" url: "https://longbridge.com/en/news/281295090.md" description: "COSCO SHIP ENGY rose 11.15%; Xinte Energy rose 0.51%, with a transaction amount of HKD 11.66 million; Sinopec Kantons rose 1.23%, with a transaction amount of HKD 1.99 million; China Port Energy fell 1.25%, with a transaction amount of HKD 405,700; Hans Group Holdings reached a market value of HKD 886 million" datetime: "2026-04-01T03:27:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281295090.md) - [en](https://longbridge.com/en/news/281295090.md) - [zh-HK](https://longbridge.com/zh-HK/news/281295090.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281295090.md) | [繁體中文](https://longbridge.com/zh-HK/news/281295090.md) # Hong Kong stock movement: COSCO SHIP ENGY rises 11.15%, as the resumption of passage through the Strait of Hormuz boosts market confidence! **Hong Kong Stock Movement** COSCO SHIP ENGY rose 11.15%. Based on recent key news: 1. On March 31, two large container ships under COSCO Shipping Group successfully passed through the Strait of Hormuz, restoring confidence in the global supply chain. This event marks the first time since the end of February that large Chinese vessels have passed through the strait, driving up COSCO SHIP ENGY's stock price. Source: Economic Information Daily 2. On March 30, Iran cut off access to the Strait of Hormuz, causing COSCO Shipping Group's vessels to be stranded in the Persian Gulf for over a month. This move raised market concerns about the safety of global trade routes, affecting the performance of related shipping stocks. Source: Bloomberg 3. On March 30, global trade tensions intensified, and the exporter confidence index declined, impacting market expectations for the shipping industry. Nevertheless, demand for artificial intelligence and electronic products remains strong, supporting confidence in some sectors. Source: Trade Development Council The shipping industry is significantly affected by the situation in the Middle East, and attention should be paid to oil price fluctuations. **Stocks with High Trading Volume in the Industry** Xinte Energy rose 0.51%. Based on recent key news: 1. On March 30, Green Rock Energy launched a large-scale green electricity acquisition plan under its subsidiary Gorilla Power Trading, targeting a capacity of 260MW. This move, in collaboration with Yongfeng Bank, enhances the transparency and efficiency of green electricity trading, ensuring fund safety and boosting market confidence. 2. On March 30, the global energy market faces structural changes due to the conflict in the Persian Gulf. Goldman Sachs pointed out that Asia and Europe are adjusting their energy strategies due to damaged natural gas supplies, which may prompt countries to rely on coal and renewable energy, affecting the performance of energy stocks. 3. On March 30, DDR5 memory prices plummeted due to reduced demand from Google's AI compression algorithm, leading to a significant evaporation of market value for related tech stocks, raising concerns about future demand. The global energy market is facing structural changes that need attention. Sinopec Kantons rose 1.23%. Based on recent key news: 1. On March 30, Sinopec Kantons received shareholder support to advance the crude oil terminal service agreement. This move enhances market confidence in the company's future profitability, driving up the stock price. Source: Sinopec Kantons announcement 2. On March 31, Sinopec announced the acquisition of a 60% stake in Kaohsiung Plastics Chemical for NT$1, which will result in full ownership. This move helps strengthen upstream and downstream collaboration and improve operational efficiency, receiving a positive market response. Source: Sinopec announcement 3. On March 31, Sinopec stated that after acquiring Kaohsiung Plastics Chemical, it will maximize production and sales scheduling, expecting to generate operational synergies and create long-term shareholder value. This news further boosted investor confidence. Source: Sinopec announcement The trend of industry consolidation is evident, and market confidence is strengthened. China HK Power fell 1.25%. Based on recent key news: 1. On March 31, China HK Power delayed the release of a circular regarding its loan capitalization plan. This delay may raise market concerns about the company's financial condition, leading to a decline in stock price. Source: China HK Power Smart Energy On March 30th, Hong Kong Investment Company was accused of exaggerating investment returns in its financial report, raising questions about its financial transparency in the market. This distrust may affect related companies and impact the market performance of China Hong Kong Energy. Source: Hong Kong Economic Journal. The recent volatility in the Hong Kong stock market has intensified, and investors need to be cautious. **Stocks ranked at the top of the industry by market capitalization** Hans Group Holdings, with a market capitalization of HKD 886 million, has had no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [COSCO SHIP ENGY (01138.HK)](https://longbridge.com/en/quote/01138.HK.md) ## Related News & Research - [Cosco Shipping Energy Transportation responds to unusual share price moves](https://longbridge.com/en/news/277596582.md) - [Shares of China AI 'tiger' Zhipu surge 35% after revenue doubles in first earnings report](https://longbridge.com/en/news/281314542.md) - [Hon Hai's US Unit Buys Foxconn Assembly for $296 Million; Shares Drop 3%](https://longbridge.com/en/news/281130288.md) - [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md) - [COSCO Shipping Vessels Stuck in Persian Gulf Despite Iran's Assurances of Safe Passage for China Ships](https://longbridge.com/en/news/281013216.md)