Tiger Brokers

CSPC Pharmaceutical Group Stock Falls 2.7% in Hong Kong, Underperforms Competitors

Dow Jones
Sep 08

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

Shares of CSPC Pharmaceutical Group Ltd. slid 2.7% to 9.42 Hong Kong dollars on what proved to be an all-around rough trading session for the Hong Kong stock market, with the Hang Seng Index falling 0.4% to 25317.18.

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

CSPC Pharmaceutical Group Ltd. closed 19% short of its 52-week high of HK$11.63, which the company reached Sept. 9.

The stock underperformed when compared to some of its competitors, as Sino Biopharmaceutical Ltd. rose 6.9%, SSY Group Ltd. fell 0.9%, and United Laboratories International Holdings Ltd. rose 0.5%.

Trading volume totaled 71.8 million shares, compared to the 50-day average of 105.6 million shares.

Data source: Dow Jones Market Data, FactSet

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