China Mengniu Dairy Stock Rallies 3.6% in Hong Kong

Dow Jones10-14

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

Shares of China Mengniu Dairy Co. Ltd. advanced 3.6% to 18.82 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 0.1% to 24314.17.

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

China Mengniu Dairy Co. Ltd. closed 4.3% short of its 52-week high of HK$19.67, which the company achieved July 30.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 3.7%.

Trading volume totaled 24.2 million shares, compared to the 50-day average of 18.1 million shares.

Data source: Dow Jones Market Data, FactSet

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