Alibaba Health Information Technology Stock Slips 2.2% in Hong Kong

Dow Jones08-12 16:32

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

Shares of Alibaba Health Information Technology Ltd. slipped 2.2% to 3.33 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.

Alibaba Health Information Technology Ltd. closed 58% below its 52-week high of HK$7.91, which the company reached Jan. 14.

The stock underperformed when compared to some of its competitors, as HKT Trust & HKT Ltd. fell 0.7%.

Trading volume totaled 98.8 million shares, compared to the 50-day average of 113.6 million shares.

Data source: Dow Jones Market Data, FactSet

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