CNOOC Stock Slips 2.0% in Hong Kong, Outperforms Competitors

Dow Jones09-17 16:31

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

Shares of CNOOC Ltd. shed 2.0% to 23.88 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 0.4% to 24604.29.

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

CNOOC Ltd. closed 23% short of its 52-week high of HK$30.98, which the company achieved March 23.

Despite its losses, the stock outperformed some of its competitors, as China Petroleum & Chemical Corp. fell 2.2% and PetroChina Co. Ltd. fell 2.3%.

Trading volume totaled 69.7 million shares, compared to the 50-day average of 65.5 million shares.

Data source: Dow Jones Market Data, FactSet

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