ZhongMan Petroleum and Natural Gas Group Corp Ltd – Market Momentum and Trading Highlights

Trading Activity on January 28, 2026

The Shanghai Stock Exchange witnessed a pronounced rally in resource‑related shares, with ZhongMan Petroleum and Natural Gas Group Corp Ltd (ZMPG) emerging as a key contributor to the sector’s surge.

  • Price Performance

  • The stock closed 9.97 % higher at 33.88 CNY, matching the 52‑week high reported on January 27.

  • A robust intraday volume of 11.33 million shares was traded, setting a new intra‑year record for the company’s daily turnover (the highest since June 26, 2025).

  • The 15‑minute average turnover during the midday session surpassed 7.5 % of the daily average, underscoring heightened investor appetite.

  • Comparative Strength

  • ZMPG’s 9.97 % gain outpaced the broader Oil & Gas sector, which logged a 7.6 % lift during the same period.

  • The company’s performance aligns with the broader oil‑and‑gas ETF (159588), which recorded a 4.21 % intra‑day gain and had accumulated 1.77 billion CNY of net inflows over the past 11 trading days.

  • Volume Metrics

  • The trading volume of 11.33 million shares translates into a turnover of approximately 382 million CNY, indicating a 7.5 % increase in turnover relative to the daily average.

  • This surge in liquidity is consistent with the broader resource‑sector narrative, where 84 shares hit the daily limit on January 28, including ZMPG.

Market Context and Sector Dynamics

  • Resource‑Sector Rally The broader market environment on January 28 was defined by a “resource‑stock frenzy.” Oil‑gas, precious‑metal, and coal sectors all posted significant gains. The oil‑and‑gas ETF’s 4.21 % rise reflects a sustained investor bias toward energy and commodity plays.

  • Macro‑Fundamentals The 2026 fiscal outlook for the energy sector is buoyed by rising global energy demand and tightening supply chains. ZMPG, with its integrated drilling engineering services—ranging from mud logging to directional drilling—positions itself well to capture downstream growth.

  • Price‑Earnings Context At a P/E of 28.06 and a market capitalization of roughly 14.36 billion CNY, ZMPG trades at a premium relative to the sector average, yet the recent 10‑plus‑percentage intraday jump suggests the market is pricing in forthcoming operational upside.

Forward‑Looking Assessment

  • Catalysts
  1. Expanded Service Portfolio – The company’s continued investment in drilling component manufacturing and advanced cementing technologies should enhance service depth and margin profile.
  2. Domestic Market Growth – China’s domestic oil and natural‑gas exploration is expected to accelerate, offering ZMPG a steady pipeline of work.
  3. Capital Efficiency – The recent spike in trading volume signals strong liquidity and investor confidence, providing the company with potential capital-raising flexibility.
  • Risk Factors
  1. Commodity Price Volatility – Fluctuating oil and gas prices can compress project budgets and delay drilling campaigns.
  2. Regulatory Exposure – Environmental and safety regulations in the energy sector can impose additional costs and operational constraints.
  3. Competitive Landscape – The presence of large state‑owned players and emerging private firms in the drilling services space could pressure market share.
  • Strategic Outlook Given the recent trading surge and the company’s robust operational foundation, ZMPG is well positioned to capitalize on the sector’s upward momentum. The firm’s focus on drilling engineering services—critical for both upstream development and downstream operations—aligns with national energy strategies that prioritize domestic resource development. If the company can sustain operational efficiency and manage cost pressures, the stock’s valuation could justify a modest upside in the coming quarters.

Conclusion

The trading data from January 28, 2026, highlights ZhongMan Petroleum and Natural Gas Group Corp Ltd’s significant role within the resource‑sector rally. With a record intraday turnover, a substantial price climb, and a favorable macro backdrop for energy exploration, the company stands on a solid footing to pursue growth opportunities. Investors should remain cognizant of commodity‑price risks and regulatory shifts, yet the current market sentiment suggests a positive trajectory for ZMPG in the near term.