Hang Lung Properties Stock Slides 3.5% in Hong Kong, Underperforms Competitors

Dow Jones08-06

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

Shares of Hang Lung Properties Ltd. slipped 3.5% to 7.38 Hong Kong dollars on what proved to be an all-around rough 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.

Hang Lung Properties Ltd. closed 28% below its 52-week high of HK$10.30, which the company achieved Feb. 24.

The stock underperformed when compared to some of its competitors, as Hang Lung Group Ltd. fell 0.4%, China Overseas Grand Oceans Group Ltd. remained unchanged, and Wharf (Holdings) Ltd. rose 4.5%.

Trading volume totaled 13.1 million shares, compared to the 50-day average of 8.6 million shares.

Data source: Dow Jones Market Data, FactSet

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