Stocks make a comeback

时间：2007-03-08 02:59:45

（单词翻译:单击）

Mar1.8 - Led by financial stocks, the Chinese stock market rebounded2 for the second consecutive3 day after last Tuesday's big sell-off threw the market into a week of listless fluctuations4.

 

The apparent recovery seemed to follow the lead of the New York stock market, which posted the biggest gains since July after US Treasury5 Secretary Henry Paulson eased concerns that rising mortgage defaults would undermine the economy.

 

The Shanghai Composite Index, the most widely followed indicator6 of the Chinese stock market, rose 2 percent yesterday to close at 2,896.6 points, with 810 stocks out of 909 closing higher. The smaller Shenzhen Component7 Index climbed 2.7 percent to close at 8,140 points. Turnover8 on the Shanghai Stock Exchange amounted to 73.8 billion yuan.

 

Analysts10 said the market is poised11 to recover slowly from the shock of last Tuesday, when the index plunged12 nearly 9 percent the biggest decline in the past decade. Investors13 seem to have regained14 composure and returned to market fundamentals, analysts said.

 

The recovery was aided by the rise of the global stock market and lack of bad news for the market from the NPC and CPPCC sessions.

 

"All of the financial companies performed well in 2006, including Shenzhen Development Bank, whose profit increased more than 300 percent," said Zhang Yidong, an analyst9 at Industrial Securities.

 

The share prices of companies in the financial sector15 increased the most in yesterday's trading. CITIC Securities, which posted more than 450 percent growth in net profit for 2006, surged 8.3 percent to close at 39.9 yuan. Ping An, which debuted16 on the Shanghai Stock Exchange last Thursday, rose 2.7 percent to close at 46.5 yuan.

 

Currently, the market value of stocks in the financial sector, including banks, insurance companies and security companies, account for more than 40 percent of the total market value.

 

"The volatility17 of financial stocks will influence the whole stock market's performance," Zhang said.

 

Companies in the transportation sector also performed well. Daqin Railway jumped 7.6 percent to close at 11.9 yuan. Tianjin Taida rose 7.3 percent to close at 14.6 yuan.

 

"The stock market will continue to rise in the long term," Zhang said.

 
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点击收听单词发音收听单词发音  

1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 rebounded 7c3c38746f183ba5eac1521bcd358376     
弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效
参考例句：
  • The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
  • The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。
3 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。
4 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
5 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
6 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。
7 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。
8 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。
9 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。
10 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。
11 poised SlhzBU     
a.摆好姿势不动的
参考例句：
  • The hawk poised in mid-air ready to swoop. 老鹰在半空中盘旋，准备俯冲。
  • Tina was tense, her hand poised over the telephone. 蒂娜心情紧张，手悬在电话机上。
12 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降
参考例句：
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。
13 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
14 regained 51ada49e953b830c8bd8fddd6bcd03aa     
复得( regain的过去式和过去分词 )； 赢回； 重回； 复至某地
参考例句：
  • The majority of the people in the world have regained their liberty. 世界上大多数人已重获自由。
  • She hesitated briefly but quickly regained her poise. 她犹豫片刻，但很快恢复了镇静。
15 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。
16 debuted b3e2d85131439fe8678f6628fda0ec90     
初次表演，初次登台（debut的过去式与过去分词形式）
参考例句：
  • In late 2003 a full-size SUV, the Pathfinder Armada, debuted. 2003年末，全尺寸SUV的探路者无敌舰队，推出。
  • The album debuted at number two and quickly went platinum. 专辑一亮相就荣登排行榜第二名，很快就取得了白金销量。
17 volatility UhSwC     
n.挥发性，挥发度，轻快，（性格）反复无常
参考例句：
  • That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
  • Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

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