China Mengniu Dairy Stock Falls 1.5% in Hong Kong

Dow Jones08-12

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

Shares of China Mengniu Dairy Co. Ltd. slid 1.5% to 18.35 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 0.8% to 25440.17.

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

China Mengniu Dairy Co. Ltd. closed 6.7% short of its 52-week high of HK$19.67, which the company achieved July 30.

Despite its losses, the stock outperformed some of its competitors, as China Modern Dairy Holdings Ltd. fell 3.7%.

Trading volume totaled 17.8 million shares, compared to the 50-day average of 25.1 million shares.

Data source: Dow Jones Market Data, FactSet

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