The UP World LNG Shipping Index (UPI) experienced a notable rebound, gaining 2.24 points to close at 164.36 points, reflecting a weekly increase of +1.38 %. This movement came after the index successfully bounced off its crucial 161-point support level.
Index Performance Summary
The UP World LNG Shipping Index (UPI) gained 2.24 points, closing at 164.36 points, while the broader S&P 500 index also advanced by 1.70 \%. Trading volume for the UPI increased notably, with a ratio of 13 advancing companies to 8 falling companies among the twenty-one constituents, resulting in a median change of +1.38 \%. The index has returned to trading within its long-term range of approximately 161-170 points. The late-summer rally has been reversed, but the long-term outlook for LNG shipping remains positive due to burgeoning demand for LNG and the potential for new long-term contracts.
Top Performing Companies
Several companies recorded significant gains, with one achieving a double-digit increase. The gains often represented a strong rebound from key support levels, although some faced technical resistance barriers.
- Capital Clean Energy Carriers
- Tsakos Energy Navigation
- Japan’s “K” Line
- Flex LNG
- Chevron
- NYK Line
- Dynagas LNG Partners
Main Declining Companies
Despite the overall index gain, several constituents of the UPI recorded losses, led by two companies that slipped by over 4.5%. These declines largely involved companies either reversing recent growth or gradually moving toward support levels.
- Awilco LNG
- ADNOC L&S
- MISC
- Nakilat
- Golar LNG
- COSCO Shipping Energy
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Source: LNG Shipping Stock
