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Possibly influenced by the Iran situation, A-shares China Petroleum hit the daily limit and its market value reached a nearly 11-year high.
On March 2, possibly influenced by the Iran situation, A-shares China Petroleum hit the daily limit during trading, with a turnover of over 7.8 billion yuan. Market information shows that China Petroleum’s market value increased by more than 2 trillion yuan, reaching a new high in nearly 11 years. During trading, the company’s market value exceeded 2 trillion yuan, surpassing the combined market values of the other two oil giants—China Petroleum & Chemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC). (Jinshi)