On June 5, CGN Power (01816.HK) fell 3.15% in regular trading, trading at HK$3.08/share, with turnover of approximately HK$98.03 million. The decline came amid a broad selloff across the power sector, compounded by sustained institutional selling pressure.

On the sector front, Independent Power Producers experienced widespread losses, with Huadian Power falling 6.43%, Datang Power down 4.9%, Huaneng Power declining 3.43%, China Resources Power dropping 2.42%, and China Power losing 2.12%. The sector-wide weakness reflects continued investor caution toward utilities despite earlier high-temperature catalysts.

Meanwhile, CITIC Securities Asset Management has conducted consecutive reductions in its CGN Power holdings. On June 2, the firm sold 4.086 million shares at approximately HK$3.13 per share, totaling around HK$12.77 million. Previously on May 26, the CITIC Securities-Yunfan Single Asset Management Plan also offloaded 13.196 million shares. Following the latest disposal, CITIC Securities Asset Management holds approximately 2.341 billion shares, representing a 20.97% stake. The persistent institutional selling has weighed on market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)