Tiger Brokers

Sun Hung Kai Properties Stock Slips 1.5% in Hong Kong

Dow Jones
Aug 24

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

Shares of Sun Hung Kai Properties Ltd. slipped 1.5% to 126.30 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 1.9% to 25517.33.

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

Sun Hung Kai Properties Ltd. closed 15% short of its 52-week high of HK$148.80, which the company reached March 2.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Resources Land Ltd. fell 3.3% and Sino Land Co. Ltd. remained unchanged.

Trading volume totaled 3.7 million shares, compared to the 50-day average of 5.6 million shares.

Data source: Dow Jones Market Data, FactSet

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