Power Assets Holdings Stock Climbs 2.8% in Hong Kong, Outperforms Competitors

Dow Jones10-30

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

Shares of Power Assets Holdings Ltd. advanced 2.8% to 63.90 Hong Kong dollars on what proved to be an all-around great trading session for the Hong Kong stock market, with the Hang Seng Index rising 1.5% to 23294.42.

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

Power Assets Holdings Ltd. closed 4.7% 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. rose 1.1%, CLP Holdings Ltd. rose 2.2%, and Huadian Power International Corp. Ltd. fell 0.2%.

Trading volume totaled 4.5 million shares, compared to the 50-day average of 3.2 million shares.

Data source: Dow Jones Market Data, FactSet

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