Chinese share prices advance for 5th straight day

时间：2007-08-27 06:28:47

（单词翻译:单击）

Aug. 25 - Chinese share prices closed slightly higher on the last trading day of this week with major index kept above the 5,000-point mark.

 

The benchmark Shanghai Composite Index went up 1.49 percent or 75.18 points to close at 5,107.67 points on a transaction volume of 167.55 billion yuan (22.05 billion U.S. dollars).

 

The Shenzhen Component1 Index on the smaller Shenzhen stock market rose 1.28 percent or 225.46 points to close at 17,864.68 points on a business turnover2 of 88.40 billion yuan (11.63 billion U.S. dollars).

 

The combined turnover of the two bourses expanded to around 255.95 billion yuan ( 33.68 billion U.S. dollars) from 244.8 billion yuan on Thursday. The major index moved between 5,125.36 points and 5,052.24 points.

 

The Industrial and Commercial Bank of China and Bank of China opened higher on satisfactory first half net profits and then dropped to 6.99 yuan and 6.16 yuan respectively at closing. The Industrial Bank Co. Ltd. rose to the daily upside limit of 10 percent.

 

Sinopec was up 1.51 percent. China Life Insurance and Ping An of China rose 1.94 percent and 4.65 percent. Aluminum3 Corp. of China climbed 5.16 percent and the Bao Steel Group went up 6.27 percent.

 

Institutional investors4 are confident of future gains as they continue to snap up blue chips, said dealers5.

 

China's major lenders on Thursday reported they had suffered no or only minor6 losses from their investment in U.S. mortgage-backed securities.

 

In a report released Friday, ratings agency Standard & Poor's said Asian economies would be able to weather the turmoil7 in global stock and credit markets without "major reversals."

 

Chinese share prices on Thursday breached8 the 5,000-point mark for the first time since China established stock market 18 years ago.

 

After jumping about 130 percent in 2006, the index has surged around 85 percent so far this year despite four rate hikes and a slew9 of other measures to cool the market.

 

China's stock market entered a five-year bearish10 round in 2001,due to poor performance of listed companies, irregularities of securities firms and problems with the market system design. The major index fell to 998 points on June 6, 2005.

 

At present, the market value of the two bourses, with more than 100 million accounts so far, has exceeded China's gross domestic product and reached 22 trillion yuan.

 
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点击收听单词发音收听单词发音  

1 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。
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 aluminum 9xhzP     
n.(aluminium)铝
参考例句：
  • The aluminum sheets cannot be too much thicker than 0.04 inches.铝板厚度不能超过0.04英寸。
  • During the launch phase,it would ride in a protective aluminum shell.在发射阶段，它盛在一只保护的铝壳里。
4 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
5 dealers 95e592fc0f5dffc9b9616efd02201373     
n.商人( dealer的名词复数 )；贩毒者；毒品贩子；发牌者
参考例句：
  • There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
  • The police were corrupt and were operating in collusion with the drug dealers. 警察腐败，与那伙毒品贩子内外勾结。
6 minor e7fzR     
adj.较小(少)的，较次要的；n.辅修学科；vi.辅修
参考例句：
  • The young actor was given a minor part in the new play.年轻的男演员在这出新戏里被分派担任一个小角色。
  • I gave him a minor share of my wealth.我把小部分财产给了他。
7 turmoil CKJzj     
n.骚乱，混乱，动乱
参考例句：
  • His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
  • The robbery put the village in a turmoil.抢劫使全村陷入混乱。
8 breached e3498bf16767cf8f9f8dc58f7275a5a5     
攻破( breach的现在分词 )； 破坏，违反
参考例句：
  • These commitments have already been breached. 这些承诺已遭背弃。
  • Our tanks have breached the enemy defences. 我方坦克车突破了敌人的防线。
9 slew 8TMz0     
v.（使）旋转；n.大量，许多
参考例句：
  • He slewed the car against the side of the building.他的车滑到了大楼的一侧，抵住了。
  • They dealt with a slew of other issues.他们处理了大量的其他问题。
10 bearish xyYzHZ     
adj.(行情)看跌的，卖空的
参考例句：
  • It is foolish not to invest in stocks,so I will show her how to be bearish without them too,if she chooses.不投资股票是愚蠢的，因此如果她选择股票，我会向她展示怎样在没有长期潜力的情况下进行卖空。
  • I think a bearish market must be a good time for bargain-hunters to invest.我觉得熊市对于想买低的人可是个投资的大好机会。

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