As the shares in China went up and deal seekers were attracted towards the tattered portions of the energy industry which has been bearing the burden of instability in respect of prices of commodities for the last few weeks, shares in Hong Kong are hanging close to the key chart support stage this Tuesday.

The most lucrative deal seems to be offered by PetroChina Company Limited which rose up by 0.3% and has been valued at its least from the time it was listed in 2007 and yet the charts are still indicating that the shares of this company have been oversold. This leading name in the oil sector was at its peak in April this year and has lost about 9% since then. With the biggies like PetroChina and China Shenhua Energy Co Ltd on its side, the Shanghai energy sub-index has outdone the larger market reaching a 3.36% before afternoon.

Following the latest descending twirl, energy industry has served as a credible attractive sector as less and less funds are put into equity due to the apprehensions regarding the proceeds.