China Resources Land Stock Slips 1.2% in Hong Kong, Outperforms Competitors

Dow Jones10-15

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

Shares of China Resources Land Ltd. slipped 1.2% to 30.06 Hong Kong dollars on what proved to be an all-around poor trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.0% to 24062.72.

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

China Resources Land Ltd. closed 25% short of its 52-week high of HK$39.88, which the company reached May 12.

Despite its losses, the stock outperformed some of its competitors, as Guangzhou R&F Properties Co. Ltd. fell 2.3% and Country Garden Holdings Co. Ltd. fell 1.8%.

Trading volume totaled 13.1 million shares, compared to the 50-day average of 26.2 million shares.

Data source: Dow Jones Market Data, FactSet

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