Oil and Gas Sector Rises; ST Zhouji Gains Over 9% on August 11
On August 11, the oil and gas sector in the Chinese equity market showed broad strength, with ST Zhouji leading the advance with a gain of more than 9%. Other major energy names also moved higher during the session, including CNOOC, PetroChina and Shouhua Gas. The collective rise underscored renewed buying interest in energy stocks as the sector extended its recent upward momentum.
Staging an upward move on August 11, the oil and gas sector gained traction, with ST Zhouji rising more than 9%. CNOOC, PetroChina, Shouhua Gas and other related stocks also moved higher in tandem during the session.