Hong Kong stock anomaly | Federal Pharmaceuticals (03933.HK) rose by more than 8% with institutions pointing out that UBT251 has the potential to reduce weight through GLP-1 drugs.

According to the Securities Times APP, Federal Pharmaceutical (03933.HK) surged more than 8%, as of the time of writing, the stock was up 8.04% to 16.66 Hong Kong dollars, with a trading volume of 467 million Hong Kong dollars.