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Power Grid-related Stocks Speculated; DONGFANG ELEC Once Surges 10%, HARBIN ELECTRIC Breaks Ceiling as State Grid Releases '15th 5-Yr Plan'
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The State Grid Corporation of China's '15th Five-Year Plan' investment plan was recently unveiled, projecting fixed-asset investment to reach RMB4 trillion, representing a 40% increase over the 14th Five-Year Plan period, with an aim to drive high-quality development across the new power system industrial chain through effective investment expansion. The power grid sector is entering a business cycle. Following the news, Hong Kong-listed power grid stocks and power equipment-related stocks broadly ascended this morning (16th). DONGFANG ELEC (01072.HK) opened 2.2% higher before its gain extended, and once surged 10.8% to hit a nearly-6-month high of $27.46. It last printed at $25.86, leaping 4.36%, with a turnover of $389 million. HARBIN ELECTRIC (01133.HK) once escalated 7.7% to a high of $19.2, setting an all-time high. It last printed at $18.66, up 4.66%, with a turnover of $99.3348 million. CH ENERGY ENG (03996.HK) once peaked at $1.22, and last advanced 5.45% to $1.16, with a turnover of $275 million. SH ELECTRIC (02727.HK) also jumped up 2.5% to $4.51, with a turnover nearing $187 million. TIMES ELECTRIC (03898.HK) also ballooned 2.4% to $39.64, with a turnover of $125 million. AAStocks Financial News Website: www.aastocks.com |
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