Tiger Brokers

CNOOC Stock Rallies 2.1% in Hong Kong

Dow Jones
Aug 18

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

Shares of CNOOC Ltd. advanced 2.1% to 24.42 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 0.1% to 25471.15.

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

CNOOC Ltd. closed 21% below its 52-week high of HK$30.98, which the company reached March 23.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Petroleum & Chemical Corp. rose 0.5% and PetroChina Co. Ltd. rose 2.5%.

Trading volume totaled 74.8 million shares, compared to the 50-day average of 82.1 million shares.

Data source: Dow Jones Market Data, FactSet

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