Power Assets Holdings Stock Rallies 1.5% in Hong Kong, Outperforms Competitors

Dow Jones10-27

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

Shares of Power Assets Holdings Ltd. advanced 1.5% to 63.05 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.

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

Power Assets Holdings Ltd. closed 6.0% short of 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. fell 0.2%, CLP Holdings Ltd. rose 0.8%, and Huadian Power International Corp. Ltd. rose 0.5%.

Trading volume totaled 3.7 million shares, compared to the 50-day average of 3.3 million shares.

Data source: Dow Jones Market Data, FactSet

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