Coal Shares Climb Against Market Trend in Morning Session

Deep News
Yesterday

Despite a soft broader market, coal-related stocks moved higher during the morning trading session on Tuesday, with several key players posting notable gains.

Shougang Resource Holdings Ltd (HKEX: 00639) led the advance, rising 4.26% to HK$3.06 at the time of writing. Kinetic Development Group Ltd (HKEX: 01277) followed closely with a 2.81% gain, trading at HK$2.195.

Other major coal producers also joined the rally, with Yankuang Energy Group Co Ltd (HKEX: 01171) up 2.48% to HK$14.03, while Yancoal Australia Ltd (HKEX: 03668) added 1.46% to reach HK$34.72.

The sector's resilience comes as investors appear to rotate into coal plays despite the broader market's softer tone, underscoring sustained interest in energy names amid ongoing supply-demand dynamics.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10