China Mengniu Dairy Stock Advances 1.2% in Hong Kong

Dow Jones08-14

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

Shares of China Mengniu Dairy Co. Ltd. rallied 1.2% to 18.18 Hong Kong dollars on what proved to be an all-around dismal trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.1% to 25116.85.

The stock's rise snapped a three-day losing streak.

China Mengniu Dairy Co. Ltd. closed 7.6% below its 52-week high of HK$19.67, which the company achieved July 30.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 5.3%.

Trading volume totaled 20.5 million shares, compared to the 50-day average of 25.4 million shares.

Data source: Dow Jones Market Data, FactSet

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