The UP World LNG Shipping Index, the world’s only stock index focused on LNG companies, gain 8.96% last week. US stocks represented by the S&P 500 Index gain 1.52%.
Only two of all 17 companies and partnerships included in the UP Index did not grow last week. Thanks to this, the UP Index recorded a very strong weekly growth of over 8%. Our assumption that Asian stocks did not manage to respond to the US Friday afternoon growth 14 days ago was confirmed.
The three Japanese companies NYK Line (TSE: 9101, + 14.4%), MOL (TSE: 9104, + 21.4%) and “K” line (TSE: 9107, + 16.6%) grew the most.
GasLog Partners (NYSE: GLOP, + 13.5%), Awilco LNG ASA (OSE: ALNG, + 14%) and Golar LNG Limited (NYSE: GLNG, + 10.1%) were not left out either.
Significant growth support was also provided by Dynagas LNG Partners (NYSE: DLNG, + 8.1%) and SM KLC (KRX: 005880, + 7.9%).
The following picture provides a comparison of the UP Index and S&P 500 development.
UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG). This world unique index covers 17 companies and partnerships from countries all over the world like the USA, Qatar, Japan, Norway, South Korea or Malaysia. The index covers more than 65% of the world LNG carrier fleet.
Source: UP-Indices.com