Movement Alert｜Akeso Rises 3.17% in Regular Trading, Biotech Sector Rallies Broadly with Multiple Buy Ratings Reaffirmed

Market Focus07-20

On July 20, Akeso rose 3.17% in regular trading, trading at HK$91.55/share, with turnover of HK$159 million. The gain was driven by a broad rally across the biotechnology sector.

On the news front, multiple brokerages have recently reaffirmed their bullish stance on the company. CITIC Construction maintained a Buy rating, highlighting the companys globally leading Tetrabody bispecific antibody technology platform and its established IO 2.0 + ADC dual strategic direction. Zhongtai Securities also initiated coverage with a Buy rating, noting that core bispecific antibody pipelines are poised to redefine treatment standards.

Within the Biotechnology sector, gains were widespread. Among individual stocks, REMEGEN rose 6.43%, SKB BIO rose 5.78%, INNOVENT BIO rose 4.1%, BEIGENE rose 3.77%, and 3SBIO rose 3.65%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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