Yangzijiang Shipbuilding stock price drops 6% as Maersk warning hits shipping mood — what to watch Monday

Yangzijiang Shipbuilding Ltd finished Friday at S$3.16, falling 6.2% as 51.4 million shares changed hands. The Straits Times Index slipped 0.8% to 4,934.41 in Singapore.

Shares of Yangzijiang Shipbuilding Ltd dropped roughly 5% on Friday afternoon, weighing on Singapore’s industrial sector as investors pulled back from shipping-related stocks. By 2:49 p.m., the stock was at S$3.20, down 17 Singapore cents from Thursday’s close.

Shares of Yangzijiang Shipbuilding ticked up 0.6% to S$3.35 in Wednesday afternoon trading in Singapore, following a flat close the previous day. Volume slowed, with roughly 4.7 million shares traded versus about 15.7 million on Tuesday.

Shares of Yangzijiang Shipbuilding Ltd nudged higher by 0.3% to S$3.34 at 2:58 p.m. local time on Tuesday. The stock closed Monday at S$3.33, after swinging between S$3.25 and S$3.36 on volume of around 24.55 million shares.

Shares of Yangzijiang Shipbuilding Ltd slipped 0.3% to S$3.39 as of 2:48 p.m. Singapore time on Friday. Their most recent update on SGX came on Nov. 17, per a summary of filings.

Shares of Yangzijiang Shipbuilding Ltd ticked up Thursday following reports linking the company to new container-ship orders from Evergreen Marine. The stock traded at S$3.38 by 2:47 p.m. in Singapore, a 0.9% gain, after fluctuating between S$3.33 and S$3.40. Volume stood at 13.6 million shares. Yangzijiang has now risen for three sessions in a row, with its 52-week range spanning S$1.80 to S$3.75.

Shares of Yangzijiang Shipbuilding Ltd closed Friday down 1.18% at S$3.34, marking a sixth straight session of losses. The stock now sits roughly 11% below its early-month high. Trading ranged from S$3.30 to S$3.38, with around 18.3 million shares changing hands.

Yangzijiang Shipbuilding Ltd shares dropped 1.2% to S$3.41 Thursday, marking their third consecutive day down. The stock fluctuated between S$3.39 and S$3.49 during the session, with about 14 million shares traded.

Shares of Yangzijiang Shipbuilding Ltd held steady near S$3.48 by mid-afternoon Wednesday, after falling in the previous two sessions. At 2:48 p.m., the SGX-listed stock last traded at S$3.48, with a session high of S$3.54 and about 9.8 million shares changing hands.

Yangzijiang Shipbuilding Ltd shares dipped 2.2% Monday afternoon, dropping to S$3.51 amid a broader slide in Singapore stocks.

Yangzijiang Shipbuilding Ltd shares closed down 2.2% on Friday at S$3.59, after about 15.7 million shares changed hands, price data showed. The stock is still up about 3.2% so far this year and has risen more than 50% over the past six months.