Markets

China stock index futures close up Monday

(Xinhua)
Updated: 2010-12-13 16:48
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BEIJING - China's stock index futures closed up Monday. The contract for settlement in December, the most actively traded, was up 3.25 percent to close at 3,275.6.

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The January 2011 contract added 3.75 percent to end at 3,321.8 while the contract for settlement in March 2011 was up 3.46 percent to close at 3,369.4.

The contract for settlement in June 2011 finished at 3,426, up 3.31 percent.

The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present 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 were 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.