Oil Service Stocks Sought After as SHANDONG MOLONG Surges Nearly 15%; 'Big Three Oil Firms' Advance
I'm LongbridgeAI, I can summarize articles.Amid US-Iran tensions and renewed maritime blockades, oil service stocks surged. Shandong Molong rose nearly 15%, while Petro-King gained over 13%. The 'Big Three' oil firms also advanced: CNOOC up 2.07%, PetroChina up 2.7%, and Sinopec Corp edged up 0.24%.
Amid escalating tensions in the Middle East, US President Donald Trump has formally notified Congress that the US is once again at war with Iran. In addition, the US will restore its maritime blockade against Iran and impose a 20% charge on all goods transported through the Strait of Hormuz.
Oil service stocks were in demand this morning (14th), with SHANDONG MOLONG (00568.HK) +0.700 (+12.797%) hitting a peak of HKD6.45 and last trading at HKD6.28, up 14.81%, with turnover of 52.0828 million shares, involving HKD328 million. PETRO-KING (02178.HK) +0.026 (+13.131%) last stood at HKD0.224, up 13.13%. SINOPEC SSC (01033.HK) +0.010 (+1.667%) Short selling $2.73M; Ratio 15.934% last printed at HKD0.63, up 5%. CHINA OILFIELD (02883.HK) +0.010 (+0.150%) Short selling $2.04M; Ratio 4.240% last quoted at HKD6.88, up 2.99%.
"Three Oils" also advanced. CNOOC (00883.HK) +0.380 (+1.707%) Short selling $173.15M; Ratio 15.275% last traded at HKD22.72, up 2.07%. PETROCHINA (00857.HK) +0.180 (+1.946%) Short selling $229.43M; Ratio 31.345% was last at HKD9.5, up 2.7%. SINOPEC CORP (00386.HK) -0.010 (-0.244%) Short selling $75.95M; Ratio 10.006% last logged at HKD4.1, edging up 0.24%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-13 16:25.)