HONG KONG, June 30 (Reuters) - Hong Kong shares will open 1.9 percent higher on Tuesday, seeeking to conclude their stellar four-month rally on a firm note as investors make a final attempt at dressing their portfolios ahead of the mid-year deadline.
Refiner Sinopec Corp will open 5.8 percent highr at HK$6.05, while PetroChina will start 2.9 percent firmer after China unexpectedly increased gasoline and diesel prices on Monday, raising them for the third time since late March to their highest level ever.
Citigroup raised its target price on Asia's largest refiner Sinopec to HK$6.80 per share from HK$5.60, while lifting its 2009 earnings estimate for the refiner by 14 percent.
The benchmark Hang Seng Index will start 354.73 points higher at 18,883.24.
The China Enterprises Index, which represents top locally listed mainland Chinese stocks, will open up 2.13 percent at 11,221.95. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)