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PACIFIC BASIN Dives Another 8%+ Below 100-Day MA; Baltic Dry Index Hits ~2-Wk Low
Recommend 1 Positive 3 Negative 5 |
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Stretching yesterday's (9th) 4% decline, PACIFIC BASIN (02343.HK), despite opening up 0.4% this morning (10th), turned south in early trading. After losing support at the 50-day MA (around HKD2.59) and the 100-day MA (around HKD2.45), it once reached a bottom of HKD2.41, a record low set at the end of last month. It last traded at HKD2.42, down 8.33%, with a turnover of HKD54.0607 million. Meanwhile, the Baltic Dry Index has fallen for four consecutive days. It dropped by 137 points or 5.1% on Tuesday (9th) to 2,557, the lowest level since November 27. AAStocks Financial News |
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