Geely Automobile Holdings Stock Slides 3.3% in Hong Kong, Underperforms Competitors

Dow Jones08-26 16:31

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

Shares of Geely Automobile Holdings Ltd. slipped 3.3% to 18.36 Hong Kong dollars on what proved to be an all-around positive trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.6% to 25652.97.

Geely Automobile Holdings Ltd. closed 28% below its 52-week high of HK$25.62, which the company achieved April 13.

The stock underperformed when compared to some of its competitors, as Brilliance China Automotive Holdings Ltd. fell 0.8% and Guangzhou Automobile Group Co. Ltd. fell 0.7%.

Trading volume totaled 47.5 million shares, compared to the 50-day average of 47.1 million shares.

Data source: Dow Jones Market Data, FactSet

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