Stock market attracts fewer people

时间：2007-07-11 05:45:17

（单词翻译:单击）

Chinanews, Beijing, July 10 – Chinese people's fad1 for stock market, which began in March, this year, had been greatly dampened by the stock tumble dominating the market these days. According to statistics released by the China Securities Depository and Clearing Corporation Limited, by the end of last week the number of new stockholders that had just opened an account in the securities market had plummeted2 to 62,953, the Beijing Morning Post reported.

 

As stock index hit new lows in less than one month, the daily number of new stockholders, an indicator3 to market's confidence for the securities market, broke the 300,000, 200,000, and 100,000 marks continuously. 62,953 people were regarded as the lowest number of newly registered stockholders after the stock market resumed service in the Spring Festival in mid-February this year.

 

Many new stockholders have not make much profit these days. On the other hand, the price of many stocks has dropped dramatically as less and less capital went into the market.

 

Liu, a veteran stockholder, told this reporter that the easy money he earned by short-term investments in April and May were almost gone completely. In spite of this, Old Liu still felt he was relatively4 lucky since his principal was still there.

 

“I lost some money. However, I might think that the money was paid for learning a lesson in the securities market,” Liu said.

 

Compared with Liu, many new stockholders suffered from a heavy loss. According to a recent online survey, 70% of new stockholders that opened an account this year lost money. Junk shares witnessed the most drastic drop since May 30, when the Ministry5 of Finance suddenly announced raising the stock trading stamp tax. On the other hand, the prices of blue chips and secondary stocks, which were bought largely by institutional investors6, experienced the smallest fluctuations7. The price of stocks whose main investors were individual investors rather than fund institutions also dropped greatly. As the Shanghai composite index dropped by 30%, the price of many stocks already went down by 50%. In reality, many individual investors might suffer an even heavier loss than the report showed.

 

As the number of new stockholders continues to drop greatly and the Shanghai and Shenzhen stock markets have reported a general loss for many of the stock prices, it can be said that the time in which individual investors control the trend of the market has already gone, said Xu Xiaoyang, a market observer and stock analyst8 from the Yinhe Securities Market.

 

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1 fad phyzL     
n.时尚；一时流行的狂热；一时的爱好
参考例句：
  • His interest in photography is only a passing fad.他对摄影的兴趣只是一时的爱好罢了。
  • A hot business opportunity is based on a long-term trend not a short-lived fad.一个热门的商机指的是长期的趋势而非一时的流行。
2 plummeted 404bf193ceb01b9d9a620431e6efc540     
v.垂直落下，骤然跌落( plummet的过去式和过去分词 )
参考例句：
  • Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。
  • A plane plummeted to earth. 一架飞机一头栽向地面。 来自《简明英汉词典》
3 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。
4 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
5 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
6 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
7 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。
8 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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