Power Assets Holdings Stock Slides 3.1% in Hong Kong, Underperforms Competitors

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

Shares of Power Assets Holdings Ltd. slipped 3.1% to 59.60 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 1.0% to 24667.24.

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

Power Assets Holdings Ltd. closed 11% 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. fell 1.1%, CLP Holdings Ltd. fell 1.8%, and Huadian Power International Corp. Ltd. fell 0.5%.

Trading volume totaled 3.4 million shares, compared to the 50-day average of 2.7 million shares.

Data source: Dow Jones Market Data, FactSet

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