Geely Automobile Holdings Stock Slips 2.3% in Hong Kong, Underperforms Competitors

Dow Jones10-27 16:32

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

Shares of Geely Automobile Holdings Ltd. slipped 2.3% to 13.93 Hong Kong dollars on what proved to be an all-around grim trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.7% to 23041.32.

The stock's fall snapped a two-day winning streak.

Geely Automobile Holdings Ltd. closed 46% below its 52-week high of HK$25.62, which the company reached April 13.

The stock underperformed when compared to some of its competitors, as Brilliance China Automotive Holdings Ltd. fell 1.4% and Guangzhou Automobile Group Co. Ltd. fell 1.5%.

Trading volume totaled 31.8 million shares, compared to the 50-day average of 40.4 million shares.

Data source: Dow Jones Market Data, FactSet

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