Chinese shares continue to rise_财经新闻

Chinese shares continue to rise

文章来源：文章作者：发布时间：2007-08-09 00:31 字体： [大中小]　进入论坛

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BEIJING, Aug. 7 - Chinese share prices closed at another record high on Tuesday amid continuing expectations of further strong corporate¹ profits in the first half of the year.

By Aug. 6, a total of 271 companies, or 18.7 percent of Chinese listed firms, had announced their half-year reports, showing a 43.95-percent increase in earnings² per share.

Among them, 256 firms reported profits and seven saw their net profits soaring more than 10 fold.

The bull run was likely to continue as more firms disclosed their first-half performance, said analysts³.

On Tuesday the key Shanghai Composite Index, which covers A and B shares listed on the Shanghai Stock Exchange, rose 23.12 points or 0.5 percent to close at 4,651.23 points.

The index opened at 4,642.01 points in the morning and touched an intraday all-time high of 4,687.44 points in the afternoon.

The steel and nonferrous metals sector⁴ continued to lead the market. Both Guangzhou Iron and Steel Co. and Anhui's Xinke Materials Co. rose by the maximum ten percent, while Shaanxi's Baoji Titanium Group surged 9.7 percent.

Heavyweight shares were also a major contributor to the rise, with China Unicom up 0.93 percent, China Petroleum⁵ and Chemical Corp. up 5.2 percent, and China CITIC Bank up 1.04 percent.

The aviation and military industries performed well, encouraged by China's new policy that opened the country's military industry to private businesses.

Despite a continuing bull run, analysts with Guangfa Securities cautioned the market would probably face big fluctuations⁶ in the next few days.

On Tuesday, the component⁷ index of the smaller Shenzhen Stock Exchange dipped 19.54 points or 0.12 percent to 16,523.27 points.

Combined turnover⁸ of the two bourses rose to 276.6 billion yuan(36.4 billion U.S. dollars), from 264.4 billion yuan on the previous day.

There were 323 gains and 509 losses on the Shanghai stock exchange and 243 gains and 355 losses on the Shenzhen bourse.

The Hushen 300 index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 4,724.55 points, up 20.56 points, or 0.44 percent, from the previous close.

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收听单词发音

1 corporate
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。

2 earnings
n.工资收人；利润，利益，所得
参考例句：
That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。 Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

3 analysts
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。

4 sector
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。

5 petroleum
n.原油，石油
参考例句：
The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。 The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。

6 fluctuations
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。

7 component
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
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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