Jun. 12 at 3:49 PM
$WXXWY Reuters
China's WuXi Biologics hits near 3-week peak after shares buyback
12 jun 2024, kl 4:06 fm GMT
** Shares of Chinese contract drug research and development group WuXi Biologics 2269.HK jump 17.7% to HK
$12.92, highest since May 24
** Stock last up 16.2%, on track for biggest one-day pct rise since November 2022; biggest pct gainer in the Hang Seng Composite Index .HSCI
** Co repurchased 1.81 mln shares in open market on Tuesday at a price between HK
$10.98 and HK
$11.08 per share for an aggregate HK
$19.92 mln (
$2.55 mln), a Hong Kong stock exchange filing showed
** Hong Kong's healthcare index .HSCIH rises 1.2%, while the Hang Seng Composite Index .HSCI falls 1.3% and the Hang Seng Index .HSI drops 1.5%
** Stock down 57.2% YTD
(
$1 = 7.8088 Hong Kong dollars)