Mærsk et al: so much silver lining you can barely see the clouds
Between April showers and spring sunshine
Reaction in the financial markets said it all when AP Møller-Maersk Group (APMM) and Hapag-Lloyd reported their quarterly figures on 7 and 14 November respectively.
APMM stock fell 7% in just one trading session, while Hapag shares soared over 10% at one point soon after its trading update was published. But that rally was short-lived and the hefty paper gains were swiftly pared in less than 24 hours.
Volatility in their share prices is not just a nuisance for the trade. It ...
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