Chinese shares close at new high

时间：2007-08-07 03:25:20

（单词翻译:单击）
 
BEIJING, Aug. 7 - Chinese share prices rose 1.48 percent to close at another record high on Monday despite Hong Kong's Hang Seng Index dropping 2.67 percent and Indonesian stocks falling 4.3 percent.

 

The benchmark Shanghai Composite Index, which covers A and B shares listed on the Shanghai Stock Exchange, rose 1.48 percent, or 67.34 points, to close at 4,628.11 points on a turnover1 of 169.9 billion (22.1 billion U.S. dollars).

 

The component2 index of the smaller Shenzhen Stock Exchange was up 363.17 points or 2.24 percent, to 16,542.81 points on a transaction volume of 94.5 billion yuan.

 

Share prices continued to be pushed up by expectations of further strong corporate3 first-half profits, especially in the steel, nonferrous metals, machinery4, financial and real estate sectors5, said Deng Hanxue, an analyst6 with Guoyuan Securites.

 

The market would probably face volatility7 in the next few days despite a continuing bull run, said analysts8 with Shenyin Wanguo Securities.

 

The steel and nonferrous metals sectors led the market on Monday, with Zhongjin Gold Corp., Jiangxi Copper9 Industry Group and Shandong Gold Group rising by the maximum ten percent.

 

The property and financial sectors, which were the major driving force of the market last week, showed signs of correction.

 

Vanke Co. rose 0.5 percent to 33.97 yuan, the Industrial and Commercial Bank of China dipped 0.34 percent to 5.8 yuan and ChinaLife fell 1.2 percent to 50.37 yuan.

 

There were 614 gains and 217 losses on the Shanghai stock exchange and 432 gains and 158 losses on the Shenzhen bourse.

 

On Monday, the Hushen 300 index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 4,703.98 points, up 105.6 points, or 2.3 percent, from the previous close.

 

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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 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。
3 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
4 machinery CAdxb     
n.(总称)机械，机器；机构
参考例句：
  • Has the machinery been put up ready for the broadcast?广播器材安装完毕了吗？
  • Machinery ought to be well maintained all the time.机器应该随时注意维护。
5 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》
6 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。
7 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。
8 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。
9 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。

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