HK-listed CGN New Energy falls as power generation drops

CGN New Energy Holdings Co

08/07/2024 08:31

** Shares of CGN New Energy Holdings Co Ltd  1811.HK  fall
5% to HK$2.45, their lowest since June 28, extending loss for
the second session
    ** The power plants operator says its power generation for
June amounted to 1,422.4 GWh, down 9.6% Y/Y
    ** Accumulated power generation for first six months of 2024
amounted to 9,660.4 GWh, down 4.7% Y/Y - Co
    ** Hang Seng Composite Index on energy stocks  .HSCIE 
declines 1.1% and Hang Seng Index  .HSI  falls 1.7%
    ** Stock up 23.4% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))