On June 11, Shandong Molong (00568.HK) surged 20.51% in regular trading, trading at HKD 7.2/share, with trading volume of HKD 155 million. The stock extended its rebound for a second consecutive session following a sharp selloff of over 15% triggered by the Israel-Iran ceasefire announcement earlier in the week.

On the news front, the rebound is underpinned by robust fundamentals. The company has secured bids totaling approximately 300,000 tons across more than 10 countries including Kuwait, Egypt, and Algeria since the beginning of the year, with overseas market revenue growing approximately 50% year-over-year. Production lines are currently operating at full capacity with ample orders in hand. Additionally, the broader Oil and Gas Equipment and Services sector saw strong gains, with Petro-king up 12.9%, Dalipal Holdings up 7.42%, and Sinopec SSC up 6.15%, reflecting continued sector momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)