Share prices hit new high despite high CPI figure_财经新闻

Share prices hit new high despite high CPI figure

文章来源：文章作者：发布时间：2007-08-14 03:21 字体： [大中小]　进入论坛

(单词翻译:双击或拖选)

BEIJING, Aug. 14 - Chinese share prices continued to rise on Monday, with the benchmark Shanghai Composite Index reaching a record high of 4,839.95 points during the morning session before closing at 4,820.06 points, 70.69 points higher than the previous close.

Power supply firms, banks and petrochemical stocks led the advance. Huaneng International, China's largest power supply company, jumped 5.62 percent to 13.73 yuan per share.

The Industrial and Commercial Bank of China (ICBC) rose 6.13 percent to 7.10 yuan per share. As the largest bank in China, the ICBC's market value has surpassed CitiBank and Microsoft, becoming the world's third largest listed company. The Bank of China soared8.61 percent to 6.31 yuan per share.

Sinopec climbed 3.30 percent to stand at 15.65 yuan per share.

The Shenzhen Component¹ Index on the small stock exchange market, driven up by property firms in the past few days, dropped 207.33 points to close at 16,116.1 points on Monday.

Analysts² said only a small number of investors³ recorded profits from the rise as only about one third of the stocks rose while two thirds remained level or dropped.

Some institutions are pulling the major index up and preparing to sell their stocks, they said.

The combined turnover⁴ on the two bourses is more than 235 billion yuan (31.04 billion U.S. dollars), up from 228 billion yuan on the previous trading day.

China's consumer price index rose 5.6 percent in July compared with a year earlier, nearly doubling the government-set alarm level of three percent for 2007. Analysts expected the high CPI figure to bring more tightening⁵ measures.

The figure, however, did not panic investors. The Shanghai Component Index saw a slight drop after the new figure for the inflation indicator⁶ was released in the morning and then quickly picked up again.

Amid panic brought about by mortgage crisis in the United States, the global stock market slumped⁷ markedly last week. But the Chinese market continued its upward trend.

The total market value of stocks on the Shanghai and Shenzhen bourses rose to around 21.15 trillion yuan (2.79 trillion U.S. dollars) last Thursday, even higher than China's GDP in 2006.

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收听单词发音

1 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。

2 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。

3 investors
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

4 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。

5 tightening
上紧，固定，紧密
参考例句：
Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。 It needs tightening up a little. 它还需要再收紧些。

6 indicator
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。

7 slumped
大幅度下降，暴跌( slump的过去式和过去分词 )；沉重或突然地落下[倒下]
参考例句：
Sales have slumped this year. 今年销售量锐减。 The driver was slumped exhausted over the wheel. 司机伏在方向盘上，疲惫得睡着了。

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