GOOD WEEK

Shares of HUTCHMED (China) Limited (HCM) surged 14.2% after the company initiated enrollment registration for its ongoing Phase 2 trial of HMPL-453. This drug is a highly selective and potent inhibitor and is being tested on patients. Positive results from the trial could support a future New Drug Application filing. Additionally, the company has agreed to begin the registration phase of the ongoing Phase II trial of savolitinib for gastric cancer patients.

Beigene Ltd (BGNE) 12.91% is a biotechnology company that focuses on developing and commercializing innovative molecularly-targeted and immuno-oncology drugs. The company's stock has had a positive performance in recent times.

BAD WEEK

Levi Strauss & Co. (LEVI) -16.09%  is a leading apparel company that designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. The company went public in 2019 and its stock has had mixed performance since then, with gains and losses, currently trading around $26 per share.

Coherent Corp Conv. Pref. Shrs Series A -11.42% stock is a type of preferred stock that can be converted into a specified number of common shares at the discretion of the shareholder. Coherent Corp is a global leader in laser-based technology and innovation, and its preferred stock is a way for investors to invest in the company.

WHAT ELSE HAPPENED

Precious metal prices face both headwinds and tailwinds in 2023. A more aggressive tightening of monetary policy in response to elevated inflation would dampen prices, while an end or a reversal of interest rate hikes and an intensification of geopolitical tensions could provide support for prices.  The Global Precious Metal Bullions market is anticipated to rise at a considerable rate.  Investing in precious metals can help protect your portfolio against inflation and economic uncertainty.  Open a Precious Metals Account with Capital Security Bank today with our easy online application process.

GET IN ON THE ACTION

If you are interested in opening a trading account with CSB, enquire with one of our friendly Banking officers or get started online by setting up an account today.