Sino Biopharmaceutical Stock Falls 1.7% in Hong Kong, Underperforms Competitors

Dow Jones16:32

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

Shares of Sino Biopharmaceutical Ltd. slipped 1.7% to 4.95 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 0.5% to 26009.40.

This was the stock's third consecutive day of losses.

Sino Biopharmaceutical Ltd. closed 46% short of its 52-week high of HK$9.12, which the company reached Sept. 10.

The stock underperformed when compared to some of its competitors, as CSPC Pharmaceutical Group Ltd. fell 1.3% and Amgen Inc. remained unchanged.

Trading volume totaled 58.2 million shares, compared to the 50-day average of 102.6 million shares.

Data source: Dow Jones Market Data, FactSet

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