China Mengniu Dairy Stock Rallies 2.8% in Hong Kong

Dow Jones09-04

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

Shares of China Mengniu Dairy Co. Ltd. advanced 2.8% to 18.24 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 1.7% to 25650.87.

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

China Mengniu Dairy Co. Ltd. closed 7.3% below its 52-week high of HK$19.67, which the company reached July 30.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 3.8%.

Trading volume totaled 20.0 million shares, compared to the 50-day average of 26.5 million shares.

Data source: Dow Jones Market Data, FactSet

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