"Stocks in Motion" - Run Electric rises over 1% as power stocks perform well, anticipating an increase in AI electricity demand
The stock price of China Resources Power rose by 1.6%, closing at HKD 19.36, marking a four-day consecutive increase with a cumulative rise of 4.2%. The market expects that the development of AI will drive electricity demand, leading to overall good performance in power stocks, with CHINA LONGYUAN up 2.2% and DATANG POWER up 4.5%. The Hang Seng Index rose by 398 points, closing at 26,333 points, with a main board turnover exceeding HKD 104 billion
"According to a report from Economic Information Daily on the 6th, the market anticipates that the development of AI will drive electricity demand. China Resources Power (00836) is currently up 1.6%, trading at HKD 19.36. At this price, the stock has risen for four consecutive days, with a cumulative increase of 4.2%. Approximately 6.11 million shares of the stock were traded, involving HKD 118 million.
The Financial Times reported on the 5th that Jensen Huang, CEO of Nvidia, believes that China will surpass the United States in the AI race. He explained that part of the reason is lower energy costs and more relaxed regulations. He also mentioned that Western countries, including the United States and the United Kingdom, are hindered by a 'cynical' sentiment. 'As I have said before, China is only a few nanoseconds behind the U.S. in the AI field... The U.S. must sprint forward and win the favor of global developers to achieve victory, which is crucial.'
Jensen Huang previously stated that Nvidia has not yet applied for a U.S. export license to sell Blackwell chips in China, citing the Chinese government's stance on Nvidia. U.S. President Trump stated on Sunday (the 2nd) that Nvidia's most advanced Blackwell chips should be exclusively for U.S. customers, and Washington will allow China to collaborate with Nvidia, but 'not in the most advanced' semiconductor areas.
Power stocks performed well; China Longyuan Power (00916) rose 2.2%, trading at HKD 7.46; Datang Power (00991) rose 4.5%, trading at HKD 2.54; Huaneng Power International (00902) rose 1.7%, trading at HKD 6.64; China Power (02380) rose 2%, trading at HKD 3.49; China General Nuclear Power (01816) rose 0.6%, trading at HKD 3.20; Huadian International (01071) rose 1.7%, trading at HKD 4.87.
Currently, the Hang Seng Index is at 26,333, up 398 points or 1.5%, with a turnover of over HKD 104 billion on the main board. The Hang Seng China Enterprises Index is at 9,297, up 134 points or 1.5%. The Hang Seng Tech Index is at 5,881, up 95 points or 1.7%."
| Stock (Code) | Current Price (HKD) | Change (%) |
|---|---|---|
| China Resources Power (00836) | 19.36 HKD | Up 1.63% |
| China Longyuan Power (00916) | 7.46 HKD | Up 2.19% |
| Datang Power (00991) | 2.54 HKD | Up 4.53% |
| Huaneng Power International (00902) | 6.64 HKD | Up 1.68% |
| China Power (02380) | 3.49 HKD | Up 2.05% |
| China General Nuclear Power (01816) | 3.20 HKD | Up 0.63% |
| Huadian International (01071) | 4.87 HKD | Up 1.67% |
| Performance of listed companies in the same sector or related stocks |
(hc)
