CITIC Stock Slips 1.6% in Hong Kong

Dow Jones08-03 16:33

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

Shares of CITIC Ltd. slid 1.6% to 12.17 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 0.5% to 26009.40.

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

CITIC Ltd. closed 12% below its 52-week high of HK$13.90, which the company reached June 5.

The stock demonstrated a mixed performance when compared to some of its competitors, as New World Development Co. Ltd. fell 0.1% and China Railway Group Ltd. fell 1.8%.

Trading volume totaled 12.1 million shares, compared to the 50-day average of 25.6 million shares.

Data source: Dow Jones Market Data, FactSet

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