Sino Biopharmaceutical Stock Falls 1.4% in Hong Kong

Dow Jones10-09 16:33

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

Shares of Sino Biopharmaceutical Ltd. slipped 1.4% to 5.41 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 1.8% to 24211.35.

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

Sino Biopharmaceutical Ltd. closed 33% short of its 52-week high of HK$8.08, which the company reached Oct. 10.

The stock demonstrated a mixed performance when compared to some of its competitors, as CSPC Pharmaceutical Group Ltd. fell 2.2% and Amgen Inc. remained unchanged.

Trading volume totaled 72.7 million shares, compared to the 50-day average of 80.1 million shares.

Data source: Dow Jones Market Data, FactSet

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