On October 8, CHINA OILFIELD rose 5.04% in regular trading, trading at 7.71 HKD with turnover of 101 million HKD. The stock was buoyed by disclosure that JPMorgan Chase & Co. increased its long position back to the 6% threshold.

Exchange filings show JPMorgan purchased 303,600 H shares of CHINA OILFIELD at an average price of 7.3179 HKD per share on October 2, lifting its long position from 5.99% to 6.0%. This follows an earlier reduction on October 1, when the long position dipped to 5.99% after the release of share security interests. The renewed buying signals restored institutional confidence.

Additionally, controlling shareholder CNOOC Group has cumulatively increased its stake to 50.91%, reinforcing sustained major shareholder support for the company.

(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.)