TRADING BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE 37. TRADING

 

A Market indexes If there is demand for shares in a company, for example because it is doing well, its share price goes up. If not, its price goes down. The overall value of shares traded on a stock market is shown by an index (plural: indexes or indices). Some of the main ones are: B Market activity: good times ….. ‘Translation’ Trading has been heavy on the New York Stock Exchange, with very high turnover of one and a half billion shares changing hands. We’ve seem spectacular gains, especially among blue chips. = buying and selling of shares …. = large number ….. = being bought and sold ….. = big increases and value  ….. famous companies with history of profit in good and bad economic time. C   ‘Translation’ There was panic selling on the New York Stock Exchange today as prices fell to new five-year lows. We’ve seen some spectacular declines, with billions of dollars wiped off the value of some of America’s best known companies and more than 10 per cent of total market capitalization. = selling shares for any price …. = their lowest point for five years …. = large decreases …. = taken off the total share value …. = the total value of shares listed on the market going down by 10 per cent …. EXERCISES 37.1 Complete this financial report using expressions from A opposite. Yesterday in Asia, in (1) ____________, the Hang Seng closed 1.6 per cent up at 15,657 exactly. In Tokyo the (2) ____________ was also up, at 15,747.20. In (3) ____________ last night, the (4) ____________ closed 1.8 per cent higher at 10,824 exactly, and the hi-tech (5) ____________ index was 3.3 per cent up at 3,778.32. Turning now to Europe, in early trading in (6) ____________ the FTSE is 0.1 per cent down at 6,292.80. The French (7) ____________ index is also slightly down at 6,536.85. The (8) ____________ in Germany, however, is 0.1 per cent higher at 6,862.85. 37.2 Use expressions from B opposite to describe: 1. Shares in companies like IBM, Kodak, and Procter and Gamble. 2. buying and selling of shares on a stock market. 3. a day with twice as many shares sold as usual on a particular stock market. 37.3 Complete these headlines with expressions from C opposite.

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