Sino Biopharmaceutical Stock Slides 3.3% in Hong Kong

Dow Jones10-08 16:32

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

Shares of Sino Biopharmaceutical Ltd. slipped 3.3% to 5.49 Hong Kong dollars on what proved to be an all-around grim trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.4% to 23785.79.

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

Sino Biopharmaceutical Ltd. closed 35% below its 52-week high of HK$8.48, which the company reached Oct. 9.

The stock demonstrated a mixed performance when compared to some of its competitors, as CSPC Pharmaceutical Group Ltd. fell 5.4% and Amgen Inc. remained unchanged.

Trading volume totaled 82.2 million shares, compared to the 50-day average of 79.7 million shares.

Data source: Dow Jones Market Data, FactSet

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