LNG shipping stocks: Double-digit gainers but paid dividends dominated

The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.41% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 3.48%.
Even with this slight rise, double-digit gainers have occurred.

Both two-digit gainers stars with E: Excelerate Energy (NASDAQ: EE) gained over 16% and paused their losing since December 2022. Exmar NV (BSE: EXM) rose by nearly 13%.

New Fortress Energy (NASDAQ: NFE) and Qatar Gas Transport Company (QSE: QGTS) gained around 8%. Three companies gained between 5 and 6%: Golar LNG Partners (NYSE: GLNG), Capital Product Partners (NYSE: CPLP), and Shell (NYSE: SHEL).

Unfortunately, the significant weight of declining Japanese stocks pushed the growth of the UPI strongly. All three companies had their dividend-ex-date at the end of March. As they pay dividends just one time per year, their decline was quite massive: “K” line (TSE: 9107) lost 7%, NYK Line (TSE: 9101) declined by 6.5%, and MOL (TSE: 9104) lost 5.6%.

Losses after dividend payments are usually only short-term. If positive sentiment on stock markets persists, UPI will rise again.

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 the maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers over 65% of the world’s LNG carrier fleet. UP Index is a premium service. We offer freemium (the basic chart of the UP Index and S&P 500 index) and trial access to all charts.
Source: UP-Indices.com