Hang Lung Properties Stock Sheds 1.6% in Hong Kong

Dow Jones08-12 16:33

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

Shares of Hang Lung Properties Ltd. slid 1.6% to 7.19 Hong Kong dollars on what proved to be an all-around poor trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.8% to 25440.17.

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

Hang Lung Properties Ltd. closed 30% below its 52-week high of HK$10.30, which the company achieved Feb. 24.

The stock demonstrated a mixed performance when compared to some of its competitors, as Hang Lung Group Ltd. fell 1.6%, China Overseas Grand Oceans Group Ltd. rose 6.0%, and Wharf (Holdings) Ltd. rose 3.9%.

Trading volume totaled 11.3 million shares, compared to the 50-day average of 8.7 million shares.

Data source: Dow Jones Market Data, FactSet

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