The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained 3% last week. US stocks represented by the S&P 500 Index lost 0.3%.
LNG shipping stocks
LNG shipping stocks continue rising. The biggest gainer of last week was Flex LNG (NYSE: FLNG) with 13.8%. The second is bp plc (NYSE: BP) with 8%.
Shell (NASDAQ: RDS.A) rose by nearly 6% and NYK Line (TSE: 9101) strength of 4.7%. Last week was also successful for Golar LNG (NASDAQ: GLNG), MOL (TSE: 9104), and Chevron (NYSE: CVX). The first company rose by 4%, MOL and Chevron gained over 3%.
PAO Sovcomflot (ME: FLOT) lost 5%, the most significant decline last week. Only two other failing companies decreased 3%: SM KLC (KRX: 005880) and Awilco LNG (OSE: ALNG). The decline of ALNG can still be considered a correction without a trend change.
UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships from countries worldwide like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers more than 65% of the world’s LNG carrier fleet
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Source: UP-Indices.com
