CGN Power Associate to Start Construction of Nuclear Reactor Unit on July 28
CGN Power Co. Begins Ningde Unit 5 Construction
CGN Power (01816): Ningde Unit 5 is about to start construction.
CGN Power (01816) announced that Ningde No. 5 unit of its joint venture company, Fujian Ningde Nuclear Power Co. Ltd., has...
Express News | The Ministry of Finance: National state-owned and state-controlled enterprises' total operating income for the first six months increased by 1.9%.
Hong Kong stock market closed (07.24) | Hang Seng Index fell by 0.91%. Electric power stocks rose against the trend, and ASMPT (00522) plummeted 23% after its performance.
Hong Kong stocks continued yesterday's decline, with all three major indices under pressure and falling throughout the day. In the afternoon, the decline further widened, with the Hang Seng Index falling more than 2% at one point. As of the close, the Hang Seng Index fell 0.91% or 158.31 points, to 17311.05 points.
Breaking news: Electric power stocks rise against market trend as the International Energy Agency (IEA) predicts strong global demand for electrical utilities will continue into next year. Domestic demand for electric power is expected to exceed 6% growth
On July 24th, electricity stocks rose against the trend. As of press time, CGN Power (01816.HK) rose 7.16%, to HKD 3.59; Datang Renew (01798.HK) rose 5.39%, to HKD 2.15; China Res Power (00836.HK) rose 4.16%, to HKD 22.55. Market source: Futubull. IEA predicts that global electricity demand will increase by 4% in 2024, the highest level since 2007 (excluding the exceptional downturn in demand caused by the 2010 global financial crisis and the 2021 COVID-19 pandemic)