BUZZ-Sinopec leads HK-listed energy shares higher as oil prices climb

Reuters
2024-09-13

** China Petroleum and Chemical Corp (Sinopec) leads rise in Hong Kong-listed energy stocks, rising 4% to HK$4.43, and on course to snap two straight sessions of falls, tracking strength of oil prices in Asia trading

** Oil prices rose, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana

** Hong Kong-listed shares of CNOOC and PetroChina

rise 2.6% and 1.8%, respectively

** Sinopec's Shanghai stocks climbs 1.3%, CNOOC

rises 3% and PetroChina adds 1.7%

** In China, the blue-chip CSI 300 Index adds 0.3%, the Shanghai Composite Index climbs 0.2% and CSI 300 Energy Index up 0.8%

** In Hong Kong, the Hang Seng Mainland Oil & Gas Index

rises 2.1%, index tracking energy stocks jumps 2.3% and Hang Seng Index up 1.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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