Power Assets Holdings Stock Slips 1.9% in Hong Kong, Underperforms Competitors

Dow Jones09-01 16:33

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

Shares of Power Assets Holdings Ltd. slid 1.9% to 59.05 Hong Kong dollars on what proved to be an all-around rough trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.9% to 25329.73.

Power Assets Holdings Ltd. closed 12% short of its 52-week high of HK$67.05, which the company achieved May 7.

The stock underperformed when compared to some of its competitors, as Huaneng Power International Inc. rose 1.1%, CLP Holdings Ltd. fell 1.1%, and Huadian Power International Corp. Ltd. rose 1.4%.

Trading volume totaled 3.0 million shares, compared to the 50-day average of 2.8 million shares.

Data source: Dow Jones Market Data, FactSet

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