CNOOC Stock Climbs 3.5% in Hong Kong, Underperforms Competitors

Dow Jones10-26 16:31

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

Shares of CNOOC Ltd. rose 3.5% to 23.94 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.

The stock's rise snapped a three-day losing streak.

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

The stock underperformed when compared to some of its competitors, as China Petroleum & Chemical Corp. rose 4.0% and PetroChina Co. Ltd. rose 5.8%.

Trading volume totaled 81.2 million shares, compared to the 50-day average of 63.2 million shares.

Data source: Dow Jones Market Data, FactSet

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