On June 5, Harbin Electric fell 5.15% in regular trading, trading at HK$18.39/share, with trading volume of HK$88.39 million. The decline extends a multi-session selloff in power equipment stocks amid a broad sector rotation.
On the news front, the heavy electrical equipment sector continues to face headwinds as market funds rotate out of power equipment names into thermal power stocks. The rotation has been driven by dual catalysts: a national policy linking AI computing power with electricity generation, and El Nino weather conditions expected to boost summer cooling demand and thermal power output. Analysts noted that stocks like Harbin Electric, Dongfang Electric, and Goldwind have underperformed as capital flows toward fire power plays benefiting from these tailwinds. Profit-taking has also weighed on equipment stocks following earlier gains.
Across the Heavy Electrical Equipment sector, weakness was broad-based. Among peers, Goldwind fell 4.21%, Dongfang Electric fell 4.17%, Shanghai Electric fell 3.10%, and VPower Group dropped 11.88%, while Guoxia Tech bucked the trend with a 1.63% gain.
(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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