China Overseas Land & Investment Stock Sheds 2.3% in Hong Kong

Dow Jones10-22

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

Shares of China Overseas Land & Investment Ltd. shed 2.3% to 12.41 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 3.0% to 22934.68.

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

China Overseas Land & Investment Ltd. closed 26% below its 52-week high of HK$16.70, which the company achieved May 14.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Vanke Co. Ltd. fell 3.9%, Tian Teck Land Ltd. rose 6.0%, and Henderson Land Development Co. Ltd. fell 1.8%.

Trading volume totaled 20.1 million shares, compared to the 50-day average of 31.0 million shares.

Data source: Dow Jones Market Data, FactSet

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