LNG Shipping Stocks: A Calm Week


The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, lost nearly 1.4 points or over 1.55% last week. US stocks represented by the S&P 500 (SPX) index lost 1.39%.

A calm week

Even during last week most of the companies from the UP index moved around ± 1%. So we can call it a calm week.

For a few companies, the past week was very turbulent as their stock prices moved again in double-digit changes.

Chart below shows both UP World LNG Shipping Index and S&P 500.

For Exmar NV (BRX:EXM) the week was nice. Its stocks gained over 10% and jumped into higher price levels.

A hard week for Japanese

But for Japanese trio the week was hard, especially for “K” line (TSE:9107) that lost over 18%. NYK line (TSE:9101) lost 5.4% and MOL (TSE9104) decrease of 8.2%. Korean SM KLC (KRX:005880) accompanied the Japanese companies and lost 4.9%.

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Source: UPIndices


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