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Hong Kong shares set to open up 0.11 percent

Wed Jun 4, 2008 9:58pm EDT

Stocks

   

HONG KONG, June 5 (Reuters) - Hong Kong shares were set to open 0.11 percent higher on Thursday after falling in two consecutive sessions, led by gains in refiner Sinopec Corp (0386.HK) on falling oil prices.

China

Sinopec was up 1.6 percent but offshore oil producer CNOOC dropped 2.1 percent as crude oil prices continued to slide after data showed a sharp rise in U.S.gasoline inventories.

The benchmark Hang Seng Index .HSI rose 27.28 points or to 24,150.53.

The China Entreprises Index .HSCE was 0.07 percent higher at 13,395.74.

(Reporting by Parvathy Ullatil; editing by Anne Marie Roantree)

(Reuters Messaging parvathy.ullatyil@thomsonereuters.com, +852 28436415).

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