Understanding the Market | Nuclear power stocks rose in early trading, CGN MINING increased by over 7%, CNNC International rose by over 4%
Nuclear power stocks rose in early trading, with CGN MINING up 7.34% to HKD 2.34, and CNNC International up 4.59% to HKD 4.1. Influenced by the surge in U.S. nuclear power stocks, Oklo reached an agreement with the U.S. Air Force, with its stock price rising nearly 30%. The World Bank president announced a return to the nuclear energy sector, supporting the extension of reactor lifespans and grid upgrades. Analysts point out that the World Bank's decision is significant for the nuclear power industry, as global nuclear energy policies continue to strengthen, which is expected to drive up uranium prices and create opportunities in the equipment sector
According to Zhitong Finance APP, nuclear power stocks rose in early trading. As of the time of writing, CGN Mining (01164) was up 7.34%, trading at HKD 2.34; CNNC International (02302) was up 4.59%, trading at HKD 4.1.
In terms of news, U.S. nuclear power stocks surged overnight, with Oklo reaching a nuclear power agreement with the U.S. Air Force, leading to a nearly 30% increase in stock price. Additionally, Talen Energy expanded its nuclear power cooperation with Amazon. Furthermore, World Bank President Ajay Banga announced a re-entry into the nuclear energy sector, supporting efforts to extend the lifespan of existing reactors and assisting in grid upgrades and related infrastructure development. Analysts pointed out that the World Bank's decision is significant for the nuclear power industry, which has sharply declined since the Fukushima nuclear accident in 2011.
Huatai Securities' recent research report indicated that aside from recent U.S. policy actions, several countries, including Germany, Belgium, and Japan, have made positive statements regarding nuclear power development. The report noted that with the tariff exemptions implemented in April, the price of natural uranium has rebounded from a low of $65/lbs to $71/lbs. Since late April and early May, global nuclear energy policy statements have continued to strengthen, and the firm believes this is likely to further drive the recovery of spot uranium sentiment and stabilize long-term uranium prices at high levels. They are optimistic about the opportunities in the equipment sector brought about by the acceleration of new nuclear power construction globally
