Sun Hung Kai Properties Stock Sheds 4.7% in Hong Kong, Underperforms Competitors

Dow Jones08-06 16:31

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

Shares of Sun Hung Kai Properties Ltd. slipped 4.7% to 116.00 Hong Kong dollars on what proved to be an all-around dismal trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.5% to 25530.28.

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

Sun Hung Kai Properties Ltd. closed 22% short of its 52-week high of HK$148.80, which the company reached March 2.

The stock underperformed when compared to some of its competitors, as China Resources Land Ltd. fell 0.7% and Sino Land Co. Ltd. fell 3.2%.

Trading volume totaled 12.9 million shares, compared to the 50-day average of 6.2 million shares.

Data source: Dow Jones Market Data, FactSet

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