Reported 11 months ago
Container giants are back on the rise as they opened today with all three showing gains, marking a reversal from the previous day's decline. Senior analyst Jian Boyi highlighted three reasons for the unexpected uptrend: capital flow seeking suitable assets following an outflow from electronic stocks, steady fundamentals in container shipping with prices staying high, and impressive performance in June leading investors to expect good second-quarter earnings from the container giants. Investing based on the five-day moving average is recommended for those considering their positions in the market.
Source: YAHOO