Stock market value tops last year's GDP [ 2007-08-10 11:51 ] Download
China's stock market capitalization topped the country's gross domestic product (GDP) for the first time yesterday as the key stock index hit a fresh high.
The benchmark Shanghai Composite Index rose 1.95 percent to close at 4754.09 points, the foreign-currency denominated B-share index climbed 1.45 percent to close at 320.41 and the Shenzhen Composite Index went up 1.51 percent to 1,348.87.
That made the overall value of the two bourses surpass the 21.087 trillion yuan ($2.77 trillion) in GDP last year, according to data from the China Securities Journal.
In the Shanghai market, 534 out of 901 stocks closed higher with turnover amounting to 138.09 billion yuan, a slide of 20 billion yuan from the day before.
New daily A-share opening accounts were 154,316 yesterday, the tenth consecutive day the figure has been over 100,000.
Analysts said investors were keen on large-cap blue chips amid expectations of high corporate earnings. The stock market is expected to remain volatile but maintain the upward trend, they said.
"Mutual funds are increasing their holdings of A-share stocks, mainly large-cap blue-chip stocks, boosted by good corporate earnings," said Ding Jian, an analyst at China Jianyin Investment Securities.
Industrial and Commercial Bank of China increased 2.67 percent to close at 6.54 yuan per share, while China Merchants Bank gained 5.49 percent to 36.10 yuan.
Ping An Insurance of China moved closer to the 100-yuan mark after a 7.41 percent growth, closing at 94.45 yuan. Its rival China Life followed with a 2.08 percent rise to 49 yuan.
In the property sector, China Vanke jumped 9.51 percent to 35.34 yuan. Oil also contributed to the rise, with Sinopec increasing 1.81 percent to 15.15 yuan.
Steel shares were also strong, with Baosteel surging 7.03 percent to 16.28 yuan. Shares in Aluminium Corp of China reached 32.65 yuan after rising 5.46 percent.
Shares across the Asia-Pacific region closed mostly higher after another rally on Wall Street overnight eased concerns about the US credit market.
(China Daily 08/10/2007 page 1)
Vocabulary:
blue chips:蓝筹股
Questions:
1. How many percentage points did the Shanghai Composite Index rise?
2. What wasChina's GDP last year?
3. How many consecutive days did the number of new daily A-share opening accounts surpass the 100,000 mark?
Answers:
1. 1.95.
2. 21.087 trillion yuan.
3. 10 days.
About the broadcaster:
Matt Doran is an award-winning American newspaper journalist and an undergraduate student at Albion College. He is currently a polisher for China Daily Website and is on summer break from Beijing Foreign Studies University, where he will resume his study of Chinese in the fall.
囧研究 矮个男子婚姻更持久
火星一号移民计划 探险者的单程票
3名中国工程师在土耳其遭绑架
囧研究 前男友越多婚姻越不幸福
美国最新研究 走神能提高学习效率
印尼奇葩爬油杆节:庆祝民族独立
招聘人员不会告诉你的十件事
中国的大学应该如何扶植学生创业
17种讨人厌微博朋友圈 你中了几箭
简单6招:从此陌生人变朋友
美禁止国家官员参加“冰桶挑战” 违反执业伦理
小米充电宝因质量问题受央视批评
外媒看中国:女子因男友痴迷玩手机地铁发飙
科学家发现绝佳购物音乐
险酿事故 空管睡着致东航MU2528复飞
外媒看中国:中国女友最爱吐槽十句话
康师傅方便面品牌推广不遗余力
手机入侵人类 我们为什么对手机上了瘾
低热量饮食能减肥?它可能让你更胖
彩虹葡萄 新品种还是PS产物?
英国流行no poo运动 对洗发水说不
外媒关注 房祖名柯震东涉毒被抓
宿醉如何解酒 专家说起床再喝一杯
Hello Kitty40周年:风靡世界原因何在?
乌克兰再现16岁真人芭比 称未整容
为了美国绿卡 中国富翁扶贫旧金山
研究:坏老板会让员工也变坏
女大学生现身说法三种危险情况如何自我防范
你不是真正的快乐:向前七步,找回本真
世界首个蝙蝠侠主题4D过山车
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |