China's MedBot hits over 4-month high after product obtains CE mark in Europe

Shanghai MicroPort MedBot (Group)

06/12/2022 06:38

** Shares of Shanghai MicroPort MedBot (Group) Co Ltd
 2252.HK  jump as much as 12.1% to HK$36.70, their highest since
July 27, and on course for a seventh consecutive session of
gains
    ** Stock set for the biggest daily pct rise since Oct. 21 if
gains hold; fifth biggest pct gainer in Hang Seng Composite
Index  .HSCI  
    ** Shanghai-based company says its SkyWalker Total Knee
System, with registered name of Honghu in China, has obtained CE
Mark in Europe, embarking the first step for the company to
enter the European Union market while helping to accelerate its
strategy for globalisation  urn:newsml:reuters.com:*:nFWN32T058 
    ** Co says Honghu orthopedic surgical robot is the first
domestic surgical robot that has obtained the approval from the
National Medical Products Administration, the clearance from the
U.S. Food and Drug Administration and the CE Mark 
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.5% and healthcare index  .HSCIH  drops 2.8%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both ease 1%
    ** As of last close, the stock had fallen 44.1% this year
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))