Hang Lung Properties Stock Sheds 1.6% in Hong Kong, Underperforms Competitors

Dow Jones09-22 16:32

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

Shares of Hang Lung Properties Ltd. slipped 1.6% to 6.56 Hong Kong dollars on what proved to be an all-around great trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.2% to 25087.75.

Hang Lung Properties Ltd. closed 36% below its 52-week high of HK$10.30, which the company achieved Feb. 24.

The stock underperformed when compared to some of its competitors, as Hang Lung Group Ltd. fell 1.1%, China Overseas Grand Oceans Group Ltd. fell 0.5%, and Wharf (Holdings) Ltd. rose 0.5%.

Trading volume totaled 13.3 million shares, compared to the 50-day average of 7.7 million shares.

Data source: Dow Jones Market Data, FactSet

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