Chinese power shares rally in Hong Kong stock market afternoon
Source: Internet
Author: User
KeywordsHong Kong dollar electricity consumption
The Hong Kong stock market increased on the afternoon of 10th, coupled with media reports on the expected rebound in electricity consumption in the mainland, boosted the afternoon general recovery of Chinese power stocks; China resources Power is up 4.29% and Datang power is up 3.75%. The Hong Kong stock market expanded on the afternoon of June 10, with the current report of 18,731.21, 672.72 or 3.73%; The state-owned enterprise index reported 10,989, 92, 485.6 or 4.62%, combined with media reports of a potential rebound in electricity consumption in the mainland, boosting the general rebound in Chinese power stocks in the afternoon. China Resources Power (00836) is up 4.29% to HK $18.96, Datang Power Generation (00991) rose 3.75%, HK $4.7, Chinese electricity (02380) rose 0.78%, HK $2.6, Huaneng State power (00902) rose 0.7% and reported HK $5.77; but Huadian International ( 01071) fell 1.63% and reported HK $2.42. According to media reports, the internal statistics of the China Electric Power Enterprise Federation showed that electricity consumption in the whole society declined by 2.58% in May compared with 08. Excluding the impact of the May Dragon Boat Festival holiday, electricity consumption last month increased slightly from April. In May, Guangdong province and Zhejiang province and other coastal provinces improved, Shanxi and Qinghai province, such as high energy consumption areas continue to decline significantly, the second half may achieve positive growth. The CLP has announced a total electricity consumption of 780.99 billion kwh in the first quarter, down 4.02% from the same period in 08. The decline in electricity consumption in the whole society narrowed to 2% in March, but the fall in April was further widened. China-ITU experts pointed out that the first 5 months of electricity consumption data showed that the trend of electricity generation has fallen sharply from the end of 08 to a bottoming out, reflecting the decline of the accelerated decline in output in 08, which has been suspended, or even apparently stabilised.
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