Reported about 1 year ago
Wan Hai's (2615) stock price soared this week, reaching the daily limit-up today with the closing price hitting the limit. Expert analysis by senior securities analyst Xu Bojie pointed out four main reasons for the surge: continued uncertainties in the Red Sea crisis, potential strike by U.S. harbor workers affecting the East Coast and Gulf Coast ports, ongoing port congestion in Singapore, and anticipation of the Shanghai Containerized Freight Index (SCFI) announcement this afternoon. Wan Hai's stock skyrocketed from almost hitting the trading limit down to hitting the limit-up within a week, along with other shipping stocks showing positive trends.
Source: YAHOO