PetroChina +4% after shares soar in Hong Kong trading

|About: PetroChina Company Limited (PTR)|By:, SA News Editor

PetroChina (NYSE:PTR+3.9% premarket as shares surged as much as 7.5% on the red-hot Hong Kong stock market today for its biggest gain in two years.

While PTR has enjoyed a boost from this week’s rally in oil prices, Bloomberg guesses the stock may be gaining traction among investors jumping into catch-up plays, as the stock's nearly 50% loss is the worst on the Hang Seng China Enterprises Index over the past five years.

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