Kelun-Biotech hits record peak on inclusion in Shanghai-Hong Kong Stock Connect

Sichuan Kelun-Biotech Biopharmaceutical

04/03/2024 03:11

** Shares of Sichuan Kelun-Biotech Biopharmaceutical Co Ltd
 6990.HK  jump as much as 31.6% to HK$136.50, their highest
since debut on July 11
    ** Stock on course to snap three straight sessions of
decline; fourth biggest pct gainer in Hang Seng Composite Index
 .HSCI   
    ** The Chinese biopharmaceuticals and chemical raw materials
producer says it has been included in the list of eligible
shares in the Southbound Trading Link of the Shanghai-Hong Kong
Stock Connect, effective March 4 
    ** Co says the inclusion in Shanghai-Hong Kong Stock Connect
will facilitate expansion of its shareholder base and increase
the trading liquidity of the shares
    ** Hong Kong's healthcare index  .HSCIH  rises 2.9%, while
Hang Seng Composite Index  .HSCI  and Hang Seng Index  .HIS 
both climb 0.2% 


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))