CNOOC Stock Falls 1.0% in Hong Kong, Underperforms Competitors

Dow Jones10-16

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

Shares of CNOOC Ltd. dropped 1.0% to 23.96 Hong Kong dollars on what proved to be an all-around positive 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.

CNOOC Ltd. closed 23% below its 52-week high of HK$30.98, which the company reached March 23.

The stock underperformed when compared to some of its competitors, as China Petroleum & Chemical Corp. remained unchanged and PetroChina Co. Ltd. fell 0.8%.

Trading volume totaled 50.3 million shares, compared to the 50-day average of 58.1 million shares.

Data source: Dow Jones Market Data, FactSet

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