Sun Hung Kai Properties Stock Advances 2.5% in Hong Kong, Outperforms Competitors

Dow Jones08-19 16:31

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

Shares of Sun Hung Kai Properties Ltd. rose 2.5% to 120.20 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.1% to 25495.07.

This was the stock's third consecutive day of gains.

Sun Hung Kai Properties Ltd. closed 19% short of its 52-week high of HK$148.80, which the company achieved March 2.

The stock outperformed some of its competitors, as China Resources Land Ltd. fell 0.2% and Sino Land Co. Ltd. rose 0.8%.

Trading volume totaled 4.3 million shares, compared to the 50-day average of 5.5 million shares.

Data source: Dow Jones Market Data, FactSet

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