Orient Overseas (International) Stock Rises 4.4% in Hong Kong, Outperforms Competitors

Dow Jones10-12 16:31

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

Shares of Orient Overseas (International) Ltd. rose 4.4% to 159.70 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 24271.20.

This was the stock's fourth consecutive day of gains.

Orient Overseas (International) Ltd. closed 11% below its 52-week high of HK$178.90, which the company reached Aug. 25.

The stock outperformed some of its competitors, as Jinhui Holdings Co. Ltd. fell 2.5%, COSCO SHIPPING Energy Transportation Co. Ltd. fell 4.9%, and Pacific Basin Shipping Ltd. fell 1.7%.

Trading volume totaled 1.7 million shares, compared to the 50-day average of 1.1 million shares.

Data source: Dow Jones Market Data, FactSet

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