Sino Biopharmaceutical Stock Rises 2.9% in Hong Kong

Dow Jones09-30

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

Shares of Sino Biopharmaceutical Ltd. rose 2.9% to 5.71 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 0.4% to 24613.27.

This was the stock's second consecutive day of gains.

Sino Biopharmaceutical Ltd. closed 33% below its 52-week high of HK$8.54, which the company reached Oct. 8.

The stock demonstrated a mixed performance when compared to some of its competitors, as CSPC Pharmaceutical Group Ltd. rose 6.3% and Amgen Inc. remained unchanged.

Trading volume totaled 91.4 million shares, compared to the 50-day average of 81.8 million shares.

Data source: Dow Jones Market Data, FactSet

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