China Mengniu Dairy Stock Sheds 1.4% in Hong Kong

Dow Jones08-03

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

Shares of China Mengniu Dairy Co. Ltd. shed 1.4% to 18.63 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 0.5% to 26009.40.

This was the stock's second consecutive day of losses.

China Mengniu Dairy Co. Ltd. closed 5.3% short of its 52-week high of HK$19.67, which the company reached July 30.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 4.1%.

Trading volume totaled 22.6 million shares, compared to the 50-day average of 25.0 million shares.

Data source: Dow Jones Market Data, FactSet

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