China Hydro Power Stocks Rise After Report of Power Shortages

May 10 (Bloomberg) -- China’s hydroelectric power producers rose in Shanghai trading after Shanghai Securities News reported more than 10 Chinese provinces face power shortages.

Guangxi Guidong Electric Power Co. jumped 9.5 percent to 23 yuan as of 10:43 a.m. local time, after surging by the 10 percent daily limit yesterday. Inner Mongolia Mengdian Huaneng Thermal Power Co. climbed 7 percent to 10.69 yuan after resuming trading from more than a week suspension. Sichuan Mingxing Electric Power Co. rose 5.5 percent to 19.26 yuan and Sichuan Xichang Electric Power Ltd. added 1.4 percent to 14 yuan.

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To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net