On May 28, Dongfang Electric fell 3.09% in regular trading, trading at HKD 33.8/share, with trading volume of HKD 71.68 million.
The decline extends the persistent sell-off pattern following the stock's surge of over 5% on May 18, which was driven by the G50 gas turbine export order to North America and improved wind power sector sentiment. Since that peak at HKD 41.14, the stock has now retreated more than 10%, reflecting a pronounced pattern of positive-news-driven rallies followed by rapid profit-taking.
Within the Heavy Electrical Equipment sector, broad weakness persisted. Shanghai Electric declined 2.68%, Harbin Electric fell 1.68%, while Goldwind gained 0.93%. Main institutional capital recorded a net outflow of RMB 3.39 billion on May 26 alone, with weekly net outflows reaching RMB 17.18 billion, underscoring significant selling pressure from major holders. Despite 11 institutional buy ratings and a consensus target price of RMB 46.31, short-term fund flows remain decisively negative as speculative capital exits positions established during the earlier rally.
(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.)