Sino Biopharmaceutical Stock Slips 6.9% in Hong Kong, Underperforms Competitors

Dow Jones10-22

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

Shares of Sino Biopharmaceutical Ltd. slid 6.9% to 4.98 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 3.0% to 22934.68.

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

Sino Biopharmaceutical Ltd. closed 33% below its 52-week high of HK$7.48, which the company reached Nov. 14.

The stock underperformed when compared to some of its competitors, as CSPC Pharmaceutical Group Ltd. fell 4.0% and Amgen Inc. remained unchanged.

Trading volume totaled 92.2 million shares, compared to the 50-day average of 78.9 million shares.

Data source: Dow Jones Market Data, FactSet

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