Movement Alert|Datang International Power Falls 5.37% in Regular Trading, Leveraged Funds Continue Retreat Amid Broad Power Sector Weakness

Market Focus
Jul 07

On July 7, Datang International Power (00991) declined 5.37% in regular trading, trading at HK$2.29/share, with turnover of approximately HK$94.25 million.

On the news front, the company's A-share margin trading data revealed a net repayment of RMB 370 million on July 6, with the margin balance falling to RMB 1.237 billion, signaling sustained leveraged capital withdrawal. The stock had previously surged 120.67% on its A-share listing between May 6 and June 2, prompting multiple risk disclosure announcements. The company explicitly stated it has no operational computing-power synergy projects, warning that short-term price volatility may reflect overheated market sentiment and irrational speculation.

The broader power sector faced selling pressure, with Huadian Power falling 3.58%, Huaneng Power declining 2.19%, and CGN Power dropping 2.24%, reflecting widespread weakness among sector peers.

(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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