China Mengniu Dairy Stock Advances 3.4% in Hong Kong

Dow Jones07-29

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

Shares of China Mengniu Dairy Co. Ltd. rose 3.4% to 19.32 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 2.0% to 25807.92.

This was the stock's third consecutive day of gains.

China Mengniu Dairy Co. Ltd. hit a new 52-week high, surpassing its previous peak of HK$18.82, which the company reached July 21.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 10%.

Trading volume totaled 24.8 million shares, compared to the 50-day average of 24.1 million shares.

Data source: Dow Jones Market Data, FactSet

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