Chinese equities gained 1.73 percent to 13-month high on Thursday led by oil heavyweights.

The benchmark Shanghai Composite Index on Shanghai bourse closed at 3,060.25 points, up 52.10 points, or 1.73 percent. The Shenzhen Component Index closed at 11,970.72 points, up 121.97 points, or 1.03 percent.

Total turnover expanded to 266.19 billion yuan (US$39.15 billion) from 231 billion yuan on the previous trading day.

(Xinhua News Agency July 2, 2009)