The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained 3.89% last week. US stocks represented by the S&P 500 Index lost 1.87%.
UP Index is back again over 100 points, the second time since the covid-19 fall in March 2020.
The number of rising stocks was quite substantial last week. The good news is that stock prices of some past top gainers declined. The rising stocks were from different parts of the world, which is also very positive.
With a gain of 13.6%, the most successful was the Japanese Kawasaki Kisen Kaisha (TSE: 9107). Over 11% gained bp (NYSE: BP), and 9.3% achieved Golar LNG Limited (NASDAQ: GLNG). Nearly 9% added to its share price Shell (NYSE: RDS.A).
The biggest fall suffered Awilco LNG ASA (OSE: ALNG). It lost over 18% or its two-week gain. Still, the price is significantly up from a range at 2 NOK. The second company that corrected was Flex LNG (NYSE: FLNG); it lost 6.8%. The price might build a range between $20 and $23.
UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships from countries worldwide like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers more than 65% of the world’s LNG carrier fleet.
Source: UP-Indices.com
