PetroChina Rides Oil Surge to Become Hong Kong’s Top Stock
- PetroChina shares have surged 51% this year in Hong Kong
- Company boosted by oil’s rally and gas segment turnaround
A PetroChina Co. gas station in Hong Kong, China.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
China’s largest oil company is staging a stellar rebound to become Hong Kong’s best gainer this year thanks to a rally in oil prices.
State-owned PetroChina Co. has surged 51% this year to make it the top-performing stock in the city’s benchmark Hang Seng Index. Its Shanghai-traded shares have jumped 30% in the same period, leading CSI 300’s energy sub-gauge.