Tiger Brokers

CSPC Pharmaceutical Group Stock Slips 3.2% in Hong Kong, Underperforms Competitors

Dow Jones
Sep 24

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

Shares of CSPC Pharmaceutical Group Ltd. slid 3.2% to 9.34 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 0.3% to 24761.13.

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

CSPC Pharmaceutical Group Ltd. closed 15% below its 52-week high of HK$10.96, which the company achieved Jan. 30.

The stock underperformed when compared to some of its competitors, as Sino Biopharmaceutical Ltd. fell 1.8%, SSY Group Ltd. remained unchanged, and United Laboratories International Holdings Ltd. fell 2.8%.

Trading volume totaled 78.5 million shares, compared to the 50-day average of 95.3 million shares.

Data source: Dow Jones Market Data, FactSet

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