- BP, Adnoc L&S, MISC among top weekly gainers.
- Flex LNG shows improving price-value sentiment.
- Capital Clean Energy Carriers jumps post-earnings, remains rangebound.
Last week, the UPI saw a rise of nearly 1%, hovering just below its long-term resistance level. Whether this uptick leads to sustained growth will hinge on how individual companies perform. Trading was more volatile than the final numbers might suggest, with several firms struggling to maintain their early-week gains. By the end of Friday, US-listed companies mostly closed in the red, while Japanese firms managed to hold onto most of their gains on the last trading day, reports LNG Shipping Stocks.
Standout Performers
While most companies traded sideways, a few managed to break through key levels. BP (NYSE: BP) closed above critical resistance, jumping 7.5%. Adnoc L&S (ADX: ADNOC) saw a gain of 3.85%, MISC (KLSE: 3816) added 3.3%, and Flex LNG (NYSE/OSE: FLNG) rose 1.6%, all while staying within the previous week’s range, indicating a better perception of price value.
Capital Clean Energy Carriers (NYQ: CCEC) climbed 6.4% after its earnings report, yet remained within its sideways channel. Chevron (NYQ: CVX) gained 2.4%, also without breaking its trend. Dynagas LNG (NYSE: DLNG) bounced back 2.6% after a dip but stayed rangebound. Tsakos Energy Navigation (NYSE: TEN) rose 4.2% but couldn’t break free from its sideways pattern.
Japanese and Korean Momentum
Among Japanese companies, ‘K’ Line (TSE: 9107) gained 4%, closing at resistance. Two other Japanese firms experienced positive intraday movements but ended the week nearly flat, hinting at potential growth as they fended off declines. Korea Line Corporation (KRX: 005880) rose 2.3%, reversing earlier losses, which might indicate the end of its correction phase and the beginning of a growth trend.
Notable Decliners
Exmar (BSE: EXM) faced the steepest decline, plummeting 17.5% as it edges closer to delisting following a new share issuance. This drop was also tied to an extraordinary dividend that could be exchanged for shares. Excelerate Energy (NYQ: EE) fell 4.9%, wiping out the previous week’s gains. New Fortress Energy (NYQ: NFE) dropped 3.5% after a failed breakout attempt,
Outlook: Volatility Ahead but Long-Term Optimism Holds
Despite heightened global uncertainty driven by US policy developments, the outlook remains optimistic, though short-term volatility is expected. Rising LNG spot rates have had only a marginal impact on most UPI constituents so far.
Markets are closely watching for potential breakouts at resistance levels to guide the next price direction. In the long term, strong LNG demand, new long-term contracts, and strategic corporate actions support a bullish view. Investors should monitor policy changes, competitive moves, and earnings reports for signals on market momentum.
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Source: LNG Shipping Stocks
