Shanghai stock index breaks through 3500

时间：2007-04-12 02:40:31

（单词翻译:单击）

Beijing, April 12 - Chinese shares continued their record setting pace, soaring to yet another record high on Wednesday, with the benchmark Shanghai Composite Index nearing the 3,500 after blasting through 3,400 points on Tuesday.

 

The key stock indicator1, which tracks both A- and B-shares, peaked at 3,497.52 points and ended the day at 3,495.22, up 1.48 percent over the previous close. It rose 50.93 points on Wednesday with turnover2 of 157.819 billion yuan (20.5 billion U.S. dollars).

 

The Component3 Index on the Shenzhen Stock Exchange also gained 101.10 points to close at 9753.77 points on a transaction volume of 83.936 billion yuan (10.9 billion U.S. dollars).

 

The combined turnover for the two bourses also set a new high of 241.755 billion yuan (31.4 billion U.S. dollars). Turnover on Tuesday was 232.853 billion yuan (30.2 billion U.S. dollars) which was the previous record.

 

The Shanghai stock exchange recorded 456 gainers and 374 losers, with 62 shares unchanged, while the Shenzhen exchange saw 331 gainers and 253 losers, with 72 shares unchanged. Banking4, steel and nonferrous metal shares again lead the way.

 

With the Shanghai index continuing to post record highs, analysts5 with Shenyin Wanguo Securities say a correction can be expected.

 

Other analysts, however, believe the bullish trend will be maintained, backed by the growing national economy.

 

On Wednesday, the Hushen 300 Index, which tracks stocks on the Shanghai and Shenzhen stock exchanges, closed at 3,121.32 points, up 39.75 points from the previous close.

 
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1 indicator i8NxM     
n.指标；指示物，指示者；指示器
参考例句：
  • Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
  • His left-hand indicator is flashing.他左手边的转向灯正在闪亮。
2 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
3 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
5 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。

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