Stocks surge through key barrier

时间：2007-04-14 06:29:20

（单词翻译:单击）

Shanghai, Apr.13 - The stock index Thursday soared through the psychological barrier of 3500 points to close at a record 3531.03 after nine consecutive1 days of gains.

 

The Shanghai Composite Index, the most widely-watched indicator2 of the mainland stock market, rose 35.81 points, or about 1 percent. Turnover3 amounted to 148.37 billion yuan ($19.1 billion), down 5 percent from the day before.

 

The Component4 Index of the Shenzhen Stock Exchange also posted a record high - up 211.01 points, or 2.16 percent - to close at 9964.78 points on transaction volume at 85.96 billion yuan ($11.1 billion).

 

Small and medium caps showed the biggest gains, while the heavyweights stood firm.

 

The transportation and real estate sectors5 were in the spotlight6 yesterday. Guangzhou Shipyard International Co Ltd, which posted a 199 percent growth in net profit for 2006, jumped to the maximum trading range of 10 percent to close at 30.14 yuan ($3.88). Jiangxi Zhongjiang Real Estate Co Ltd, which posted a 1,242 percent jump in its net profit in 2006, also soared 10 percent to close at 13.86 yuan ($1.79).

 

Analysts8 said the increase, driven by the continuous flow of investment capital and underpinned9 by good corporate10 performance, is likely to continue in the next few weeks.

 

"The speed at which investment accounts are being opened will bring lots of funds into a market already flush with liquidity," said Zhang Yidong, an analyst7 at Industrial Securities.

 

The number of daily new accounts surged to a historic high of 195,000 on Tuesday, up 3.7 percent from the day before, according to statistics from China Securities Depository and Clearing Corporation Limited.

 

Deng Hongguang, an analyst at Orient Securities, said high company profits in recent years fueled the stock surge.

 
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1 consecutive DpPz0     
adj.连续的，联贯的，始终一贯的
参考例句：
  • It has rained for four consecutive days.已连续下了四天雨。
  • The policy of our Party is consecutive.我党的政策始终如一。
2 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。
3 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。
4 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。
5 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
6 spotlight 6hBzmk     
n.公众注意的中心，聚光灯，探照灯，视听，注意，醒目
参考例句：
  • This week the spotlight is on the world of fashion.本周引人瞩目的是时装界。
  • The spotlight followed her round the stage.聚光灯的光圈随着她在舞台上转。
7 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
8 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。
9 underpinned 9747144b35f8dc5942b30d10108a236e     
v.用砖石结构等从下面支撑（墙等）( underpin的过去式和过去分词 )；加固（墙等）的基础；为（论据、主张等）打下基础；加强
参考例句：
  • The report is underpinned by extensive research. 这份报告以广泛的研究为基础。
  • The statue of Diana was underpinned with charred piles. Diana雕像是建造在炭化了的木桩上的。 来自辞典例句
10 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

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