China Resources Land Stock Falls 3.6% in Hong Kong, Underperforms Competitors

Dow Jones16:31

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

Shares of China Resources Land Ltd. shed 3.6% to 28.98 Hong Kong dollars on what proved to be an all-around grim trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.9% to 25329.73.

This was the stock's fourth consecutive day of losses.

China Resources Land Ltd. closed 27% short of its 52-week high of HK$39.88, which the company reached May 12.

The stock underperformed when compared to some of its competitors, as Guangzhou R&F Properties Co. Ltd. rose 1.6% and Country Garden Holdings Co. Ltd. fell 1.6%.

Trading volume totaled 83.2 million shares, compared to the 50-day average of 19.3 million shares.

Data source: Dow Jones Market Data, FactSet

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