The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, gained more than 4.25 point or nearly 4.65% last week. US stocks represented by the S&P 500 (SPX) index gained 2.74%.
UP World LNG Shipping Index continues ist way to 100 points. This initial value is still the highest price as the UP Index started in January 2020 just before the COVID-19 fall.
Picture below shows interpretation of the charts of UP World LNG Shipping Index and S&P 500, where two trendlines set an up channel.
Top gainers of last week are Dynagas LNG Partners LP (NYSE:DLNG) and GasLog Partners LP (NYSE:GLOP) followed by Japanese Kawasaki Kisen Kaisha (TSE:9107). Dynagas gained over 31% and closed a week at $3.69. Nearly 17.5% gained GasLog. K line gained 12.3% and broke a 2014 high.
Other movers are Nippon Yusen Kabushiki Kaisha (TSE:9101) and Mitsui O.S.K. Lines (TSE:9104), both from Japan. Their gains are 7.9% and 6.8%.
Norwegian Flex LNG (NYSE:FLNG) gained over 5%
For more than 4% rose also Royal Dutch Shell (NYSE:RDS-A), Chevron (NYSE:CVX) and BP (NYSE:BP).
Belgian Exmar NV (BSE:EXM) lost 4.2% followed by Malaysian MISC Berhad (KLSE:3816) and South Korean SM KLC (KRX:005880).