$INNOVENT BIO(01801.HK) opened higher and continued to rise today. It opened at HKD 77.85, with the day's low only touching back to HKD 77.1. It never touched our entry cost line of HKD 74.4 throughout the session. There was no floating loss after entering the position, and the trend was very steady, not shaken out by the minor intraday fluctuations.
Sentiment in the biopharmaceutical sector has recently improved. The pipelines of innovative drug companies are continuously delivering positive news, and capital has started to position for a valuation recovery in the pharmaceutical sector, perfectly timing this wave of sector rebound.$Hang Seng Index(00HSI.HK)
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