Stocks rebound to regain 5,000-point mark

时间：2007-11-30 08:20:24

（单词翻译:单击）

Nov. 30 - Chinese stocks made a big comeback on Thursday to edge just over 5,000 points again, recovering part of the more than 20 percent losses in less than two months.

 

The benchmark Shanghai Composite Index rose 4.16 percent to close at 5,003.33 points, reversing three consecutive1 days of losses. Before the rebound2, the gauge3 lost 21.57 percent since peaking on October 16.

 

Other indicators4 also increased. The Shenzhen Composite Index gained 3.06 percent to 1,257.26, while the CSI 300 Index of major companies in the two bourses went up 4.16 percent to 4,842.07.

 

Turnover5 in Shanghai and Shenzhen rose to 116.43 billion yuan, an increase of 50.45 percent over the previous session, indicating a recovery of investor6 confidence.

 

The market needed a technical rebound after several days of corrections, analysts7 said. But they were uncertain whether the recovery will last.

 

Another factor that might contribute to Thursday's rally might be a surge in the global equity8 markets after a senior Federal Reserve official from the United States hinted at a further rate cut.

 

Don Kohn, vice-chairman of the Fed, said the US central bank would be "flexible and pragmatic" in responding to new risks to growth arising from the relapse in financial markets.

 

After Kohn's comment, stocks rallied, with the Dow Jones Industrial average jumping 2.6 percent on Wednesday, its biggest percentage gain since April 2003. Japan’s Nikkei 225 average rose 2.38 percent on Thursday.

 

Back in Shanghai and Shenzhen, blue chips led the surge. PetroChina rose 2.77 percent to close at 33.04 yuan per share, while Sinopec jumped 8.77 percent to 21.83 yuan.

 

In the financial sector9, the Industrial and Commercial Bank of China went up 6.37 percent, followed by a 5.27 percent growth in China Construction Bank to 10.38 yuan.

 

Property shares were also strong, with China Vanke rising 4.34 percent to 31.26 yuan. Financial Street Holding jumped 8.15 percent to 27.47 yuan.

 
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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 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。
3 gauge 2gMxz     
v.精确计量；估计；n.标准度量；计量器
参考例句：
  • Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
  • It's difficult to gauge one's character.要判断一个人的品格是很困难的。
4 indicators f46872fc1b5f08e9d32bd107be1df829     
（仪器上显示温度、压力、耗油量等的）指针( indicator的名词复数 )； 指示物； （车辆上的）转弯指示灯； 指示信号
参考例句：
  • The economic indicators are better than expected. 经济指标比预期的好。
  • It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。
5 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。
6 investor aq4zNm     
n.投资者，投资人
参考例句：
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
7 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。
8 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。
9 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。

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