For the short period between the calendar and lunar new year, the DynaLiners Shares Index has thus far shown small signs of optimism. For the second week of 2023, it added twenty-one points and 1.2% to end on 1,835. All sector indices posted better returns with DLSI Carriers adding the most absolutely (+33 points) and DLSI Boxes the most relatively (+2.1%, from +28 points). For DLSI Carriers, the increase pushed it back past the 2,900 points barrier.
Underpinning the week’s trends, seventy-four index members enjoyed share price rises with forty-seven going the other way to leave an average increase of 0.9%. Leading the charge were regional carriers Samudera of Singapore/Indonesia and TEMAS Line, also of Indonesia. Their shares added 17% and 16% respectively. At the other end of the scale was another local carrier, Viet Nam Ocean Shipping, whose share price fell by 11%. Turkish port Trabzon Liman’s stock fell most acutely of all, losing 14% for the week.