Tencent Holdings Stock Sheds 2.3% in Hong Kong

Dow Jones09-23 16:31

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

Shares of Tencent Holdings Ltd. slid 2.3% to 441.00 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 1.0% to 24834.12.

The stock's fall snapped a two-day winning streak.

Tencent Holdings Ltd. closed 35% below its 52-week high of HK$683.00, which the company reached Oct. 2.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Mobile Ltd. fell 0.2% and Crazy Sports Group Ltd. fell 2.5%.

Trading volume totaled 22.3 million shares, compared to the 50-day average of 25.2 million shares.

Data source: Dow Jones Market Data, FactSet

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