Power Assets Holdings Stock Rallies 2.6% in Hong Kong, Outperforms Competitors

Dow Jones10-26

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

Shares of Power Assets Holdings Ltd. rose 2.6% to 62.10 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.5% to 23211.81.

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

Power Assets Holdings Ltd. closed 7.4% below its 52-week high of HK$67.05, which the company reached May 7.

The stock outperformed some of its competitors, as Huaneng Power International Inc. rose 0.8%, CLP Holdings Ltd. rose 1.2%, and Huadian Power International Corp. Ltd. remained unchanged.

Trading volume totaled 5.3 million shares, compared to the 50-day average of 3.2 million shares.

Data source: Dow Jones Market Data, FactSet

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