On July 7, COSCO SHIPPING Energy (01138.HK) fell 3.42% in regular trading, trading at HKD 13.73/share, with turnover of HKD 55.91 million.

On the news front, the Hong Kong Stock Exchange disclosed on July 6 that BlackRock reduced its holdings in COSCO SHIPPING Energy by approximately 7.58 million H shares on June 30 at an average price of HKD 14.42 per share, lowering its stake from 9.38% to 8.79%. Previously, JPMorgan Chase also reduced its position by approximately 14.71 million shares on June 22, with its long position ratio declining from 7.41% to 6.27%. The consecutive reductions by two major international institutions within a short period have sent cautious signals to the market.

On the fundamental side, key factors surrounding the Strait of Hormuz — including navigation safety, passage terms, and associated costs — remain unresolved. Crude oil shipping rates have not sustained a significant uptrend, and the market continues to question the durability of the tanker cycle. The stock has now retreated more than 30% from its June highs.

(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.)