Market Movers

China Petroleum & Chemical’s Stock Price Climbs to 4.39 HKD, Marking a Positive Change of 0.92%

By September 16, 2024 No Comments

China Petroleum & Chemical (386)

4.39 HKD +0.04 (+0.92%) Volume: 47.2M

China Petroleum & Chemical’s stock price stands at 4.39 HKD, experiencing a positive session with a growth of +0.92%, backed by a substantial trading volume of 47.2M. The company’s stock has shown a promising YTD performance with a rise of +7.33%, indicating a robust market position.


Latest developments on China Petroleum & Chemical

China Petroleum & Chemical Corporation, also known as Sinopec, has recently been recognized for its environmental efforts at the First Sino-European Corporate ESG Best Practice Conference in Frankfurt. The company won the Best Environmental Protection Case award, highlighting its commitment to sustainability and environmental responsibility. This recognition comes at a time when investors are increasingly looking at ESG factors when making investment decisions, potentially impacting Sinopec’s stock price movements today.


A look at China Petroleum & Chemical Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Petroleum & Chemical Corporation, also known as Sinopec, is showing strong performance according to the Smartkarma Smart Scores. With high scores in Value, Dividend, and Momentum, the company is positioned well for long-term success. This indicates that the company is offering good value for investors, providing steady dividends, and showing positive momentum in its operations.

While China Petroleum & Chemical‘s Growth and Resilience scores are slightly lower, the overall outlook remains positive. The company’s diversified portfolio of petroleum and petrochemical products, along with its strong presence in the Chinese market, bodes well for its future performance. Investors can look to Sinopec as a solid choice for potential long-term growth and stability in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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