On July 31, COSCO SHIP ENGY fell 3.15% in regular trading, trading at 13.52 HKD/share, with turnover of approximately 50.36 million HKD. The stock pulled back after gaining over 3.8% in the previous session.

On the news front, major foreign institutions have been continuously reducing their positions in the stock. JPMorgan sold approximately 6.6 million shares on July 17 at around 11.9 HKD per share, lowering its stake from 6.24% to 5.73%. BlackRock has also trimmed its holdings multiple times, with its latest reported stake declining to 7.54% from a prior 8.27%.

Meanwhile, traffic through the Strait of Hormuz remains at low levels amid ongoing US-Iran tensions, and limited open VLCC cargoes from the Persian Gulf have caused elevated freight rate volatility. Market wait-and-see sentiment remains heavy, intensifying short-term trading dynamics and adding downward pressure on the stock.

(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.)