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08/10/2026 10:58

Innovent Biologics drops over 3%, Insilico Medicine plunges 6%, Northbound funds resume selling biotech stocks after holiday

  {Economic Information Daily, 8th} The biotech sector continues to retreat, Innovent Biologics (01801) fell 3.2%, closing at HK$94.35, marking its second consecutive day of decline with a cumulative drop of 5%; Insilico Medicine (03696) plunged 6.3%, leading the decline in the biotech index, trading at HK$49.64, marking its second consecutive day of decline with a cumulative drop of 16.3%; WuXi AppTec (02359) dropped 1.6% to HK$214.8, marking its second consecutive day of decline with a cumulative drop of 1.7%; InnoCare Pharma (09969) declined 4.8% to HK$12.86, marking its second consecutive day of decline with a cumulative drop of 8%.

  A-shares resumed trading today, and Stock Connect trading has resumed. Prior to the return of northbound funds yesterday, biotech stocks saw profit-taking, with the biotech index falling nearly 3% or 462 points. Today, the biotech sector continues to retreat, with the sector recording an active net outflow of approximately HK$171 million, and the biotech index down nearly 1.2% or 194 points, currently at 16,106 points.

  Before the National Day holiday, biotech stocks attracted inflows, with several large-cap biotech stocks performing strongly. On September 30, the biotech index surged 600 points or 3.7%.

  Currently, the Hang Seng Index stands at 24,057, down 72 points or 0.3%, with turnover on the main board nearing HK$83.7 billion. The Hang Seng China Enterprises Index is at 8,095, up 13 points or 0.2%. The Hang Seng Tech Index is at 4,131, down 63 points or 1.5%.
 
Performance of related stocks in the same sector
Stock (Code)Current Price (HK$)Change (%)
Insilico Medicine (03696)49.64Down 6.34%
InnoCare Pharma (09969)12.86Down 4.81%
Innovent Biologics (01801)94.35Down 3.23%
Dendron Bio-B (09606)190.7Down 2.95%
3SBio (01530)15.38Down 2.04%
WuXi AppTec (02359)214.8Down 1.65%
GenScript Biotech (01548)42.18Down 1.68%
Hansoh Pharmaceutical (03692)33.36Down 1.65%
CSPC Pharmaceutical Group (01093)9.65Down 1.68%
WuXi Biologics (02269)55.8Down 1.59%
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