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CSPC Pharmaceutical Group Stock Sheds 1.5% in Hong Kong, Underperforms Competitors

Dow Jones
Aug 28

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

Shares of CSPC Pharmaceutical Group Ltd. shed 1.5% to 9.53 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 0.1% to 25584.79.

The stock's fall snapped a four-day winning streak.

CSPC Pharmaceutical Group Ltd. closed 18% short of its 52-week high of HK$11.63, which the company reached Sept. 9.

The stock demonstrated a mixed performance when compared to some of its competitors, as Sino Biopharmaceutical Ltd. fell 0.7%, SSY Group Ltd. rose 0.4%, and United Laboratories International Holdings Ltd. fell 1.8%.

Trading volume totaled 74.5 million shares, compared to the 50-day average of 104.3 million shares.

Data source: Dow Jones Market Data, FactSet

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