Sino Biopharmaceutical Stock Advances 0.9% in Hong Kong, Outperforms Competitors

Dow Jones11-02 16:33

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

Shares of Sino Biopharmaceutical Ltd. inched 0.9% higher to 4.87 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 0.4% to 23393.32.

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

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

The stock outperformed some of its competitors, as CSPC Pharmaceutical Group Ltd. rose 0.4% and Amgen Inc. remained unchanged.

Trading volume totaled 51.4 million shares, compared to the 50-day average of 80.8 million shares.

Data source: Dow Jones Market Data, FactSet

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