Hang Seng reaches all-time high

时间：2007-07-16 01:39:34

（单词翻译:单击）

July 14 - Due to an upswing of the index main mover China Mobile, the benchmark Hang Seng Index on Friday pierced the key 23,000 barrier to set a new record at 23,099, up 290 points.

 

The index reached an all-time high during intra-day trading. Daily turnover1 was strong at HK$80.4 billion. The index notched2 up a 2.5 percent weekly gain.

 

The China Enterprises Index of mainland companies in Hong Kong rose 1.3 percent, or 163 points, with its new high now of 13,335 on Friday. The index rose 4.1 percent for the week.

 

"This is pure liquidity," said Tat Auyeung, fund manager at APEX3 Capital Management. He added that if the mainland's June consumer price index exceeds 4 percent, the market would find a reason to consolidate4.

 

Mainland life insurers climbed to fresh highs, with China Life up 1.8 percent to HK$31 and Ping An Insurance rising 3.8 percent to HK$63.65.

 

Mainland property took the spotlight5 as KWG Properties gained 5.9 percent to HK$8.61 and Country Garden Holdings leapt 5.2 percent to HK$7.3.

 

The day's most traded stock was China Mobile, which jumped 3.3 percent to HK$91.95, setting a new high at HK$92.7.

 

Coal shares also ascended6, helped by a bullish Citigroup report on the sector7. The mainland's largest coal producer, China Shenhua Energy Corp, leaped 3.4 percent to HK$31.95. Shenhua is in talks with US coal miner Peabody Energy Corp to develop coal projects in the country. China Coal advanced 2.8 percent to HK$14.58.

 
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1 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。
2 notched ZHKx9     
a.有凹口的，有缺口的
参考例句：
  • Torino notched up a 2-1 win at Lazio. 都灵队以2 比1 赢了拉齐奧队。
  • He notched up ten points in the first five minutes of the game. 他在比赛开始后的五分钟里得了十分。
3 apex mwrzX     
n.顶点，最高点
参考例句：
  • He reached the apex of power in the early 1930s.他在三十年代初达到了权力的顶峰。
  • His election to the presidency was the apex of his career.当选总统是他一生事业的顶峰。
4 consolidate XYkyV     
v.使加固，使加强；(把...)联为一体，合并
参考例句：
  • The two banks will consolidate in July next year. 这两家银行明年7月将合并。
  • The government hoped to consolidate ten states to form three new ones.政府希望把十个州合并成三个新的州。
5 spotlight 6hBzmk     
n.公众注意的中心，聚光灯，探照灯，视听，注意，醒目
参考例句：
  • This week the spotlight is on the world of fashion.本周引人瞩目的是时装界。
  • The spotlight followed her round the stage.聚光灯的光圈随着她在舞台上转。
6 ascended ea3eb8c332a31fe6393293199b82c425     
v.上升，攀登( ascend的过去式和过去分词 )
参考例句：
  • He has ascended into heaven. 他已经升入了天堂。 来自《简明英汉词典》
  • The climbers slowly ascended the mountain. 爬山运动员慢慢地登上了这座山。 来自《简明英汉词典》
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。

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