Blue chips lead index's rally to 5,400 points

时间：2007-11-15 08:16:59

（单词翻译:单击）

Nov. 14 - Chinese stock market on Wednesday embraced its biggest rise in nearly three months as blue chips shined to push the Shanghai index up 254.58 points.

 

The benchmark Shanghai Composite Index recovered from a stormy Tuesday ending with an 88- point high open in morning trading. After a minute correction around 11 AM, major blue chips swept through and pushed the market to a bullish close. The Shanghai index concluded at 5,412.69 points, up 4.94 percent from Tuesday, the largest daily gain since August 20.

 

The Shenzhen market enjoyed a sunny day with the Shenzhen Component1 Index edging up 3.63 percent to 17,355 points.

 

Trading value of the two bourses totaled 128.6 billion yuan (US$17.31 billion). Turnover2 remained low as investors3 became more cautious after heart wrenching4 corrections of the past weeks and in fear of further tightening5 measures given the red-hot CPI figures released yesterday.

 

However, most blue chips can't wait to revenge today after drastic losses over the past two weeks. PetroChina surged 5 percent following successive declines since its record IPO. Air China rose 9.52 percent to reach above 20 yuan. Baoshan Iron & Steel, and property giant Vanke, despite having climbed lower, also contributed with rises of more than two percent.

 

The energy and nonferrous metal sectors6 lessened8 previous losses from news of an incoming resource tax hike plan with powerful rebound9 today. Shenhua Energy went back to 70 yuan, gaining 9.94 percent after losing almost 20 yuan since the end of last month. Chalco, the nation's leading aluminum10 producer, also wound up some gloomy days with a limit up to 38.29 yuan per share.

 

Shares of paper makers11 also reaped notable gains echoing recent continuous appreciation12 of the renminbi against the US dollar. Yueyang Paper Industry led the sector7 with a 9.06-percent gain.

 

Surges in the neighboring market may contribute to today's boom, the benchmark Hang Seng Index in Hong Kong surge 1,362 points and finished at 29,166.01 points today. The Nikkei average rose 2.5 percent to 15,499.56, snapping an eight-day losing streak13.

 

Also notable, the overnight US stock market rose sharply with the Dow Jones Industrial Average surging nearly 320 points boosted by a sharp drop in crude oil prices.

 

However, for stock markets in China, it is still too early to say the rainy days are over. Statistics from Wind Info showed more than 90 percent of the CSI 300 components14, the backbone15 of the whole market, went down in the past two weeks. A further 50 stocks lost more than 30 percent, not easily recovered.

 

Since the market is still weak, investors should keep patient and save their capitals for better bargains of blue chips, financial portal Hexun.com quoted an analyst16 from Huiyang Investment Corp as saying.

 
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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 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
4 wrenching 30892474a599ed7ca0cbef49ded6c26b     
n.修截苗根，苗木铲根（铲根时苗木不起土或部分起土）v.（猛力地）扭( wrench的现在分词 )；扭伤；使感到痛苦；使悲痛
参考例句：
  • China has been through a wrenching series of changes and experiments. 中国经历了一系列艰苦的变革和试验。 来自辞典例句
  • A cold gust swept across her exposed breast, wrenching her back to reality. 一股寒气打击她的敞开的胸膛，把她从梦幻的境地中带了回来。 来自汉英文学 - 家（1-26） - 家（1-26）
5 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
6 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》
7 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
8 lessened 6351a909991322c8a53dc9baa69dda6f     
减少的，减弱的
参考例句：
  • Listening to the speech through an interpreter lessened its impact somewhat. 演讲辞通过翻译的嘴说出来，多少削弱了演讲的力量。
  • The flight to suburbia lessened the number of middle-class families living within the city. 随着迁往郊外的风行，住在城内的中产家庭减少了。
9 rebound YAtz1     
v.弹回；n.弹回，跳回
参考例句：
  • The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
  • Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。
10 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。
11 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者，制造商（maker的复数形式）
参考例句：
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
12 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
13 streak UGgzL     
n.条理，斑纹，倾向，少许，痕迹；v.加条纹，变成条纹，奔驰，快速移动
参考例句：
  • The Indians used to streak their faces with paint.印第安人过去常用颜料在脸上涂条纹。
  • Why did you streak the tree?你为什么在树上刻条纹？
14 components 4725dcf446a342f1473a8228e42dfa48     
（机器、设备等的）构成要素，零件，成分； 成分( component的名词复数 )； [物理化学]组分； [数学]分量； （混合物的）组成部分
参考例句：
  • the components of a machine 机器部件
  • Our chemistry teacher often reduces a compound to its components in lab. 在实验室中化学老师常把化合物分解为各种成分。
15 backbone ty0z9B     
n.脊骨，脊柱，骨干；刚毅，骨气
参考例句：
  • The Chinese people have backbone.中国人民有骨气。
  • The backbone is an articulate structure.脊椎骨是一种关节相连的结构。
16 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。

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