CSPC Pharmaceutical Group Stock Falls 3.5% in Hong Kong, Underperforms Competitors

Dow Jones08-21

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

Shares of CSPC Pharmaceutical Group Ltd. slid 3.5% to 9.19 Hong Kong dollars on what proved to be an all-around great trading session for the Hong Kong stock market, with the Hang Seng Index rising 1.2% to 26009.46.

CSPC Pharmaceutical Group Ltd. closed 21% below its 52-week high of HK$11.63, which the company reached Sept. 9.

The stock underperformed when compared to some of its competitors, as Sino Biopharmaceutical Ltd. rose 3.8%, SSY Group Ltd. rose 1.2%, and United Laboratories International Holdings Ltd. rose 3.4%.

Trading volume totaled 135.4 million shares, compared to the 50-day average of 98.2 million shares.

Data source: Dow Jones Market Data, FactSet

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