Hang Lung Properties Stock Slips 3.4% in Hong Kong

Dow Jones07-31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Hang Lung Properties Ltd. slipped 3.4% to 7.29 Hong Kong dollars on what proved to be an all-around great trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.1% to 25884.43.

The stock's fall snapped a two-day winning streak.

Hang Lung Properties Ltd. closed 29% short of its 52-week high of HK$10.30, which the company achieved Feb. 24.

The stock demonstrated a mixed performance when compared to some of its competitors, as Hang Lung Group Ltd. fell 0.7%, China Overseas Grand Oceans Group Ltd. fell 5.0%, and Wharf (Holdings) Ltd. fell 1.2%.

Trading volume totaled 22.6 million shares, compared to the 50-day average of 8.2 million shares.

Data source: Dow Jones Market Data, FactSet

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