On June 17, Shandong Molong fell 8.29% in regular trading, trading at HKD 4.86/share, with turnover of HKD 135 million.

On the news front, market reports emerged suggesting the US and Iran may reach an agreement to reopen the Strait of Hormuz. Combined with the earlier announcement of a mutual strike suspension between Israel and Iran, Middle East geopolitical risk premiums have been rapidly unwinding. Brent crude has retreated sharply from its recent high of USD 97/barrel, placing sustained pressure on the oil and gas equipment sector. The stock had previously surged over 30% in early June amid escalating regional conflict and has since entered a high-level correction channel.

Within the Oil and Gas Equipment and Services sector, DALIPAL Holdings fell 0.67%, Anton Oilfield Services fell 4.26%, Sinopec SSC was flat, CM-Energy fell 1.33%, and Petro-King was flat.

(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.)