Sino Biopharmaceutical Stock Rallies 2.0% in Hong Kong, Outperforms Competitors

Dow Jones10-28 16:31

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

Shares of Sino Biopharmaceutical Ltd. advanced 2.0% to 4.86 Hong Kong dollars on what proved to be an all-around favorable trading session for the Hong Kong stock market, with the Hang Seng Index rising 0.2% to 23094.83.

The stock's rise snapped a two-day losing streak.

Sino Biopharmaceutical Ltd. closed 35% short of its 52-week high of HK$7.48, which the company reached Nov. 14.

The stock outperformed some of its competitors, as CSPC Pharmaceutical Group Ltd. rose 0.8% and Amgen Inc. remained unchanged.

Trading volume totaled 55.3 million shares, compared to the 50-day average of 80.1 million shares.

Data source: Dow Jones Market Data, FactSet

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