Movement Alert|CGN Power Rises 3.31% in Regular Trading, Power Sector Rallies on Computing-Energy Synergy Theme and Policy Support

Market Focus
05/29

On May 29, CGN Power (01816.HK) rose 3.31% in regular trading, trading at HKD 3.12/share, with trading volume of approximately HKD 110 million. The stock rebounded sharply from the prior session's 1.60% decline.

The rally was accompanied by broad-based strength across the Independent Power Producers sector, driven by the Computing-Energy Synergy theme gaining momentum as a leading stock in the green power space achieved six consecutive limit-up sessions. Additionally, the National Energy Administration's leadership visited Shenzhen to research energy development strategy, emphasizing the need to enhance energy supply chain security and accelerate the construction of a new energy system.

Within the sector, DATANG POWER surged 7.51%, HUANENG POWER gained 6.76%, HUADIAN POWER rose 4.90%, CHINA POWER advanced 4.20%, and CHINA RES POWER climbed 3.15%, indicating strong sector-wide buying interest tied to AI-driven power demand expectations and supportive government policy signals.

(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.)

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