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Chinese shares open to surpass 3,200 mark

(Xinhua)
Updated: 2009-11-10 11:16

Chinese equities open higher Tuesday, with the benchmark Shanghai Composite Index surpassing the psychologically important 3,200 mark, trailing gains for seven consecutive trading days.

The Shanghai Composite Index rose 0.87 percent to open at 3,203.17 points. The Shenzhen Component Index added 0.75 percent to open at 13,133.66 points.

Related readings:  Chinese shares end slightly higher  China's sovereign fund buys 15% shares of US power company  Chinese shares close higher on Friday  Centrex shares soar as Oz govt approves Wugang investment

Oil stock rose across the board, after China Monday announced to raise gasoline and diesel prices both by 480 yuan ($70.28) a ton starting from Tuesday. The retail price of gasoline climbed by 0.36 yuan a liter and that of diesel rose by0.41 yuan a liter.

PetroChina, the country's leading oil producer, edged up 1.54 percent to 13.88 yuan, with Sinopec, the country's top oil refiner, up 1.97 percent to 12.4 yuan.

Zhongjin Gold Corp, China's leading gold producer, added 0.51 percent to 63 yuan at the opening, as gold price climbed to a new high Monday.