Chinese shares surge to new high

时间：2007-10-09 08:19:14

（单词翻译:单击）


China's benchmark Shanghai Composite Index closed at a new high of 5692.76 points on Monday, the first trading day after the week-long National Day holiday.
 
BEIJING, Oct. 9 - China's benchmark Shanghai Composite Index closed at a new high of 5692.76 points on Monday, the first trading day after the week-long National Day holiday.

 

The bullish performance, a rise of 2.53 percent, or 140.45 points, from the previous close, came on the heels of the rises in neighboring markets that occurred during the National Day holiday from October 1 to 7.

 

The index started higher at 5,683.31 points and at one point hit a 5,724.36 points in the morning session.

 

The rises came on the back of strong investor1 sentiment with major heavyweight shares reporting increases close to the daily rise ceiling of 10 percent.

 

The Industrial and Commercial Bank, the top heavyweight share of China's stock market, rose ten percent to close at 7.27 yuan per share.

 

Many companies that have registered increases in the prices of their H shares during the past week also reported large gains with China COSCO Holdings Company Limited closing the day at 49.53 yuan per share after a 9.92-percent rise.

 

China Life, ranking second in terms of weight on the stock market, followed with a rise of 8.65 percent to close at 67.81 yuan per share.

 

The real estate sector2 also helped pushing the benchmark index higher with giants such as Vanke and Poly rising the daily limit of 10 percent.

 

The newly-listed China Oilfield Service Limited went up 2.51 percent to close the day at 40.9 yuan per share.

 

The Component3 Index on the smaller Shenzhen Stock Exchange continued to pick up on expanded turnover4, closing the day at 19,232.35 points, up 367.8 points, or 1.95 percent from the previous close.

 

The combined turnover at the two bourses expanded to 239.4 billion yuan (31.92 U.S. dollars).

 

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1 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。
2 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。
3 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。
4 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。

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