Bourse up 0.2%

The nation's key stock index closed 0.2 percent higher Thursday supported by strength in oil firms as US crude oil extended gains to hold under $92 a barrel, but thin volumes show investors are cautious ahead of economic data.

The benchmark Shanghai Composite Index rose to 2,827.7 points, extending a 0.6 percent rise Wednesday.

The index is nearing the key technical 250-day moving average level at 2,831 points.

Bloomberg reported that PetroChina Co and Industrial & Commercial Bank of China Ltd rallied on speculation a growing economy will bolster earnings for the nation's biggest banks and energy producers.

Source: Global Times

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