The markets had a strong day across almost all sectors, but Chinese oil and gas giant PetroChina (PTR) and the country’s leading insurer China Life Insurance Company (LFC) stood out with huge gains.
PetroChina Company Limited [[PTR]] shares surged more than 4.4% in normal trading today, adding some $9.2 billion in market capitalization to the Chinese oil and gas giant. The company rode a 2.77% gain in the energy sector as a whole. Competitor China Petroleum & Chemical Corp. [[SNP]] saw a 5.87% rise in its shares.
China Life Insurance Company Ltd. [[LFC]] gained more than 6.2% or $7.5 billion after on a strong day for the markets generally. China Life Insurance announced yesterday that it dominates the Chinese insurance market, taking in some 40.7% of its premiums.
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