China Mengniu Dairy Stock Rallies 3.3% in Hong Kong

Dow Jones11-02

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

Shares of China Mengniu Dairy Co. Ltd. rallied 3.3% to 20.52 Hong Kong dollars on what proved to be an all-around positive trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.4% to 23393.32.

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

China Mengniu Dairy Co. Ltd. hit a new 52-week high, surpassing its previous peak of HK$19.93, which the company achieved Oct. 30.

The stock underperformed when compared to some of its competitors, as China Modern Dairy Holdings Ltd. rose 6.0%.

Trading volume totaled 41.7 million shares, compared to the 50-day average of 18.2 million shares.

Data source: Dow Jones Market Data, FactSet

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