CITIC Stock Slides 2.6% in Hong Kong, Underperforms Competitors

Dow Jones09-15

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

Shares of CITIC Ltd. slipped 2.6% to 12.98 Hong Kong dollars on what proved to be an all-around poor trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.0% to 24667.24.

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

CITIC Ltd. closed 7.0% below its 52-week high of HK$13.95, which the company achieved Sept. 4.

The stock underperformed when compared to some of its competitors, as New World Development Co. Ltd. rose 1.1% and China Railway Group Ltd. fell 0.3%.

Trading volume totaled 21.9 million shares, compared to the 50-day average of 15.9 million shares.

Data source: Dow Jones Market Data, FactSet

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