Port shipping sector continues to rise, China Merchants Nantong Oil hits second consecutive limit-up

The port shipping sector continued to rise, with China Merchants Steamship reaching a new high, China Merchants South Oil hitting two consecutive limit-ups, and China COSCO Shipping, Nanjing Port, Ningbo Marine, and Ningbo Ocean Shipping also advancing. Regarding related ETFs, the Ship ETF (560710) increased by 0.53%, with a trading volume of 4.2379 million yuan, and the Transportation ETF (159666) traded 109,700 yuan. On the news front, institutions believe that concerns over global energy and trade supply chain disruptions are intensifying, with war risk premiums continuing to be priced in. Freight rates in the oil shipping, container shipping, and bulk cargo sectors may see significant jumps.

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