China Overseas Land & Investment Stock Rallies 2.3% in Hong Kong, Outperforms Competitors

Dow Jones09-03 16:32

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

Shares of China Overseas Land & Investment Ltd. advanced 2.3% to 13.17 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 0.4% to 25213.31.

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

China Overseas Land & Investment Ltd. closed 21% short of its 52-week high of HK$16.70, which the company reached May 14.

The stock outperformed some of its competitors, as China Vanke Co. Ltd. rose 1.3%, Tian Teck Land Ltd. remained unchanged, and Henderson Land Development Co. Ltd. rose 0.6%.

Trading volume totaled 41.0 million shares, compared to the 50-day average of 24.8 million shares.

Data source: Dow Jones Market Data, FactSet

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Ltd. rose 1.3%, <a href=\"https://laohu8.com/S/00266\">Tian Teck Land</a> Ltd. remained unchanged, and <a href=\"https://laohu8.com/S/HLDCY\">Henderson Land</a> Development Co. 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