On July 27, PETROCHINA fell 3.33% in regular trading, trading at HKD 9.88/share, with turnover of HKD 90.11 million. The decline was driven by rising expectations of a US-Iran ceasefire, which pressured international crude oil prices and dragged down petroleum stocks.

On the news front, a senior Iranian official disclosed that mediators in the US-Iran negotiations have proposed a 10-day ceasefire to restore the implementation of the bilateral memorandum of understanding. Although Brent crude had been pushed above $98/barrel in mid-to-late July due to escalating conflict, institutions broadly assess the current round of tensions as weaker in intensity than the initial phase. The overall direction of geopolitical risk is considered downward, with Brent crude expected to retreat toward the $80/barrel level. Earlier, Bank of America Securities lowered its Brent price assumption for the second half of the year to $77/barrel, while Morgan Stanley cut its Q3 forecast to $75/barrel, citing a faster-than-expected reopening of the Strait of Hormuz.

Within the Integrated Oil and Gas sector, SINOPEC CORP declined 1.17%, reflecting broad-based weakness among petroleum names.

(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.)