LNG maritime stocks: S&P 500 exceeded
The UP World LNG Shipping Index, the world’s only equity index focused on LNG shipping companies, gained 2.18% last week. US stocks represented by the S&P 500 Index lost 4.04%.
Only one voter was able to get a double-digit raise. Dynagas LNG Partners (NYSE: DLNG) gained 21.5%.
Exmar NV (BSE:EXM), the second best performing company, was just 0.3% off the double digit level with a 9.7% rise. GasLog Partners (NYSE: GLOP) added 6.5%.
Many constituents added 3-5%: Excelerate Energy (NYSE: EE) 4.7%, Golar LNG (NYQ: GLNG) gained 4.6%, Cool Company (OSE: COOL) gained 4.1% , Shell (NYSE: SHEL) and Chevron (NYSE: CVX) 3.8% resp. 3.6%.
Only two companies recorded significant losses: Awilco LNG (OSE:ALNG) lost 3.2% after Q2 earnings, and SM Korea Line (KRX:005880) lost 3.5%.
The UP World LNG Shipping Index is a rules-based family of stock indices designed to show and measure the performance of publicly traded global companies involved in the shipping of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships around the world, such as the United States,
Qatar, Japan, Norway, South Korea and Malaysia. The index covers more than 65% of the world fleet of LNG carriers.
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