Tiger Brokers

CSPC Pharmaceutical Group Stock Rises 1.5% in Hong Kong, Underperforms Competitors

Dow Jones
Oct 06

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

Shares of CSPC Pharmaceutical Group Ltd. rallied 1.5% to 10.00 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 1.0% to 24280.56.

The stock's rise snapped a two-day losing streak.

CSPC Pharmaceutical Group Ltd. closed 8.8% below its 52-week high of HK$10.96, which the company achieved Jan. 30.

The stock underperformed when compared to some of its competitors, as Sino Biopharmaceutical Ltd. rose 4.3%, SSY Group Ltd. rose 1.8%, and United Laboratories International Holdings Ltd. rose 1.5%.

Trading volume totaled 36.5 million shares, compared to the 50-day average of 92.0 million shares.

Data source: Dow Jones Market Data, FactSet

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