Orient Overseas (International) Stock Sheds 1.4% in Hong Kong

Dow Jones10-16 16:33

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

Shares of Orient Overseas (International) Ltd. slid 1.4% to 160.60 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 0.5% to 24186.83.

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

Orient Overseas (International) Ltd. closed 10% below its 52-week high of HK$178.90, which the company achieved Aug. 25.

The stock demonstrated a mixed performance when compared to some of its competitors, as Jinhui Holdings Co. Ltd. remained unchanged, COSCO SHIPPING Energy Transportation Co. Ltd. fell 1.8%, and Pacific Basin Shipping Ltd. rose 3.9%.

Trading volume totaled 858,240 shares, compared to the 50-day average of 1.2 million shares.

Data source: Dow Jones Market Data, FactSet

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