Port and Shipping Sector Rises on August 17; Phoenix Shipping Hits Daily Limit
The port and shipping sector gained ground in intraday trading on August 17, with Phoenix Shipping hitting the daily limit. Guohang Ocean, Ningbo Ocean, COSCO Shipping Energy, Haitong Development and China Merchants Energy Shipping rose in tandem, while Nanjing Port and COSCO Shipping Holdings also posted notable gains.
The port and shipping sector moved higher in intraday trading on August 17, with Phoenix Shipping hitting the daily limit. Guohang Ocean, Ningbo Ocean, COSCO Shipping Energy, Haitong Development and China Merchants Energy Shipping all rose during the session.
Multiple stocks in the sector traded actively, with Nanjing Port and COSCO Shipping Holdings also recording notable gains. The broader sector maintained a firming trend amid choppy trading throughout the day.