Stocks up on robust indicators

时间：2009-06-29 01:56:01

（单词翻译:单击）

SHANGHAI: Chinese stocks rose for the third straight trading day yesterday as domestic new loan creation touched a record high in March and Premier1 Wen Jiabao made a positive statement on China's "better than expected" real economy over the weekend.

The benchmark Shanghai Composite Index rose 2.84 percent to close at 2513.7 yesterday. The smaller Shenzhen Component2 Index rallied 2.08 percent to 9539.8 points.

The combined turnover3 on the two bourses soared to 284.9 billion yuan yesterday in choppy trading, up 19.9 percent from last Friday.

China's central bank said new loans hit an all-time high of 1.89 trillion yuan in March, with the gauge4 of broad money supply M2 rising 25.51 percent year-on-year to 5.3 billion yuan.

"The central bank's emphasis over the weekend on sticking to loose monetary5 policy wiped off market concerns on the government's likely move to tighten6 credit, and in turn keep liquidity7 ample in the equities8 market," said Mao Nan, analyst9 of Orient Securities.

Qian Wang, an economist10 at JPMorgan's Asia Economic Research, said: "Some moderation in the loan expansion pace should be expected by the market in the coming months."

Premier Wen's speech on Saturday, saying that China's economy has seen "positive changes", triggered market speculation11 that more policies to accelerate domestic demand are on the anvil12, analysts13 said.

Chinese stock analysts have raised the 2009 earnings14 results of domestic enterprises traded on the mainland's bourses by 4 percent on average as recently released macro figures indicated a fundamental recovery, said Mao.

Coal sector15 led the rally on reports that Shenhua Group and Datong Coal Mining Group are planning to raise coal contract prices to 550 yuan per ton.

Shenhua, the country's largest coal miner, soared to the daily limit of 10 percent and ended at 25.09 yuan yesterday.

"The profit-taking activities in the short term amid the uncertainties16 of unfolding first-quarter earnings reports will add pressure to the market, but there's still room for the market to rise 10-15 percent in three to six months," Mao said.


分享到：


点击收听单词发音收听单词发音  

1 premier R19z3     
adj.首要的；n.总理，首相
参考例句：
  • The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
  • He requested that the premier grant him an internview.他要求那位总理接见他一次。
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 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。
4 gauge 2gMxz     
v.精确计量；估计；n.标准度量；计量器
参考例句：
  • Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
  • It's difficult to gauge one's character.要判断一个人的品格是很困难的。
5 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
6 tighten 9oYwI     
v.(使)变紧；(使)绷紧
参考例句：
  • Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
  • Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策，以避免通货膨胀。
7 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
8 equities 501c457a1f918a4b41824052f5a3f5eb     
普通股，股票
参考例句：
  • These are invested mainly in the OECD bonds and equities. 这些资产主要投资于经济合作及发展组织的债券与股票市场。
  • They are also advantage of the global rebound in equities. 它们还在利用全球股市反弹的机会。
9 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。
10 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
11 speculation 9vGwe     
n.思索，沉思；猜测；投机
参考例句：
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
12 anvil HVxzH     
n.铁钻
参考例句：
  • The blacksmith shaped a horseshoe on his anvil.铁匠在他的铁砧上打出一个马蹄形。
  • The anvil onto which the staples are pressed was not assemble correctly.订书机上的铁砧安装错位。
13 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。
14 earnings rrWxJ     
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%。
15 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。
16 uncertainties 40ee42d4a978cba8d720415c7afff06a     
无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物
参考例句：
  • One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
  • Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告

©2005-2010英文阅读网