Power Assets Holdings Stock Slides 1.1% in Hong Kong, Underperforms Competitors

Dow Jones11-12 16:33

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

Shares of Power Assets Holdings Ltd. shed 1.1% to 65.15 Hong Kong dollars on what proved to be an all-around rough trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.3% to 24008.55.

The stock's fall snapped a seven-day winning streak.

Power Assets Holdings Ltd. closed 2.8% below its 52-week high of HK$67.05, which the company achieved May 7.

The stock underperformed when compared to some of its competitors, as Huaneng Power International Inc. rose 1.1%, CLP Holdings Ltd. fell 0.8%, and Huadian Power International Corp. Ltd. fell 0.9%.

Trading volume totaled 3.0 million shares, compared to the 50-day average of 3.3 million shares.

Data source: Dow Jones Market Data, FactSet

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