HONG KONG May 22 Hong Kong shares closed at
their highest level in more than five weeks on Thursday, helped
by strong gains in energy companies after China and Russia
signed a massive gas deal.
Shares were also buoyed by a preliminary private survey that
suggested China's factory sector turned in its best performance
in five months in May.
The Hang Seng Index closed up 0.5 percent at
22,953.76 points, while the China Enterprises Index of
the leading offshore Chinese listings in Hong Kong rose 1.1
percent, both closing at their highest since April 14.
PetroChina rose 1.8 percent to its highest since
November, while its natural gas distribution arm Kunlun Energy
climbed 3.9 percent, the top gainer of the benchmark
China and Russia signed a $400 billion gas supply deal on
Wednesday, securing the world's top energy user a major source
of cleaner fuel and opening up a new market for Moscow as it
risks losing European customers over the Ukraine crisis.
(Reporting by Grace Li; Editing by Kim Coghill)