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CSPC Pharmaceutical Group Stock Sheds 5.4% in Hong Kong, Underperforms Competitors

Dow Jones
Yesterday

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

Shares of CSPC Pharmaceutical Group Ltd. slipped 5.4% to 9.29 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 1.4% to 23785.79.

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

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

The stock underperformed when compared to some of its competitors, as Sino Biopharmaceutical Ltd. fell 3.3%, SSY Group Ltd. rose 1.3%, and United Laboratories International Holdings Ltd. fell 1.3%.

Trading volume totaled 92.2 million shares, compared to the 50-day average of 90.4 million shares.

Data source: Dow Jones Market Data, FactSet

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