CNOOC Stock Sheds 2.6% in Hong Kong, Underperforms Competitors

Dow Jones08-05 16:31

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

Shares of CNOOC Ltd. slid 2.6% to 22.96 Hong Kong dollars on what proved to be an all-around positive trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.2% to 25915.82.

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

CNOOC Ltd. closed 26% short of its 52-week high of HK$30.98, which the company achieved March 23.

The stock underperformed when compared to some of its competitors, as China Petroleum & Chemical Corp. fell 0.5% and PetroChina Co. Ltd. fell 1.6%.

Trading volume totaled 112.9 million shares, compared to the 50-day average of 89.2 million shares.

Data source: Dow Jones Market Data, FactSet

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