China stocks hit record high

时间：2007-03-26 01:09:27

（单词翻译:单击）
 
Mar1.22 - China's main stock index reached a record high Wednesday as analysts2 expected vibrations3 to rule the equity4 market in the coming days.

 

The benchmark Shanghai Composite Index closed up 0.83 percent at 3,057.38 points, an all-time high while the Shenzhen Composite Index gained 1.36 percent to 805.68. The Shanghai and Shenzhen 300 Index of major companies rose 1.12 percent to 2,702.59.

 

Automobile5 shares contributed to the rise. The First Automobile Works surged 8.82 percent to 8.14 yuan while Chang'an Automobile was up 7.83 percent to 15.15 yuan.

 

Jiangxi Copper6 soared by its daily 10 percent limit to 19.83 yuan for the second day in a row after disclosing a plan to raise 4 billion yuan through a private share issue to buy assets from its parent company and develop mining resources.

 

The financial shares staged a mixed performance. The Pudong Development Bank increased 4.55 percent to 26.17 yuan and Shenzhen Development Bank gained 5.02 percent to 19.89 yuan.

 

But China Life, the country's biggest insurer dipped 0.72 percent to 34.16 yuan while its major rival Pingan Insurance fell by 1.49 percent to 45.1.

 

While confident that the market is a bullish one in the long term, the analysts expected the market to experience see-saws in the following days.

 

The room for further rise is very limited and structural7 risks remain, analysts with Shenyin Wanguo Securities said.

 

Tiantong Securities analysts agreed on the assessment8, adding that a structural adjustment would continue.

 

Last month, the Shanghai Composite Index hit a then record high of 3,040.60 before plummeting9 nearly 9 percent, the largest daily fall in a decade.

 

China's listed firms were banned Tuesday to invest the proceeds from shares sales in securities as the regulators took measures to cool off the stock market fever.

 

The People's Bank of China, the central bank, announced a 0.27 percentage point interest rate rise at the weekend, but did not dampen the investors10' enthusiasm. The Shanghai Composite Index gained nearly three percent Monday, followed by an increase of 0.59 percent on Tuesday.

 

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点击收听单词发音收听单词发音  

1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
3 vibrations d94a4ca3e6fa6302ae79121ffdf03b40     
n.摆动( vibration的名词复数 )；震动；感受；（偏离平衡位置的）一次性往复振动
参考例句：
  • We could feel the vibrations from the trucks passing outside. 我们可以感到外面卡车经过时的颤动。
  • I am drawn to that girl; I get good vibrations from her. 我被那女孩吸引住了，她使我产生良好的感觉。 来自《简明英汉词典》
4 equity ji8zp     
n.公正，公平，（无固定利息的）股票
参考例句：
  • They shared the work of the house with equity.他们公平地分担家务。
  • To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
5 automobile rP1yv     
n.汽车，机动车
参考例句：
  • He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
  • The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。
6 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
7 structural itXw5     
adj.构造的，组织的，建筑（用）的
参考例句：
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
8 assessment vO7yu     
n.评价；评估；对财产的估价，被估定的金额
参考例句：
  • This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
  • What is your assessment of the situation?你对时局的看法如何？
9 plummeting a560b06f9b99975167411b72966f5588     
v.垂直落下，骤然跌落( plummet的现在分词 )
参考例句：
  • Prices are rising, falling, going up, going down, shooting up, plummeting, etc. 物价在上涨、下跌、上升、下落、猛然上涨、骤然下跌等。 来自辞典例句
  • The enemy plane went plummeting into the sea. 敌机直直掉进海里。 来自辞典例句
10 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会

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