STOCKS | Alibaba Health Falls More Than 3% As Turnover Reaches HK$179 Million

Alibaba Health fell more than 3% to a low of HK$3.045, below its 10-day moving average of HK$3.103, with turnover of 58.5 million shares worth HK$179 million, according to ETNet. The stock was last down 3.03% at HK$3.045 after touching a high of HK$3.14. It has fallen for two straight sessions, with a cumulative decline of 3.8%. ETNet reported that the active buy-sell ratio was 33:67, with net active selling of HK$59.17 million. UBS was the largest net passive buyer at HK$26.21 million, while Goldman Sachs Asia Securities was the largest net passive seller at HK$6.8206 million. Hong Kong's Hang Seng Index was down 80 points, or 0.3%, at 25,236, while the Hang Seng Tech Index fell 48 points, or 1.1%, to 4,406.