Mon, March 19, 2012
Business > Markets

China stock index futures close up on March 19

2012-03-19 08:00:00 GMT2012-03-19 16:00:00(Beijing Time)  Xinhua English

BEIJING, March 19 (Xinhua) -- China's stock index futures closed higher Monday, with the contract for March up 0.26 percent from the previous trading day to 2,629.4 points.

The April contract, the most actively traded, gained 0.7 percent to 2,641 points. The June contract rose 0.24 percent to 2,651 points, while the September contract was up 0.29 percent to finish at 2,682 points.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market.

The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.

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