China Unicom (Hong Kong) Stock Slips 1.7% in Hong Kong, Underperforms Competitors

Dow Jones09-23 16:31

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

Shares of China Unicom (Hong Kong) Ltd. slid 1.7% to 5.62 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 1.0% to 24834.12.

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

China Unicom (Hong Kong) Ltd. closed 43% short of its 52-week high of HK$9.92, which the company reached Nov. 10.

The stock underperformed when compared to some of its competitors, as China Mobile Ltd. fell 0.2% and China Telecom Corp. Ltd. fell 0.7%.

Trading volume totaled 33.6 million shares, compared to the 50-day average of 42.1 million shares.

Data source: Dow Jones Market Data, FactSet

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