Movement Alert|BIOCYTOGEN-B Intraday Decline 5.08%, CMB International Substantially Reduces Stake as Biotech Sector Under Pressure

Market Focus07-28

On July 28, BIOCYTOGEN-B fell 5.08% in regular trading, trading at 51.15 HKD/share, with turnover of 12.7225 million HKD.

On the news front, CMB International Financial Holdings and its affiliates — CMB International Investment Management Limited, Astral Eminent Limited, and CMBI Private Equity Series SPC — collectively sold 1.0925 million shares on July 21 at an average price of 54.4237 HKD, involving approximately 59.46 million HKD. Following the disposal, their combined long position decreased from 11.94% to 10.95%. The concentrated reduction by a major shareholder weighed on market confidence.

Within the Biotechnology sector, the broader segment traded weak. Among individual stocks, LEADS BIOLABS-B down 3.62%, KEYMED BIO-B down 4.19%, AKESO down 2.08%, BEIGENE down 1.30%, INNOVENT BIO down 0.78%. Meanwhile, E Fund Management increased its holding by 181,000 shares on July 15 at approximately 56.60 HKD per share, providing partial offsetting support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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