Friday May 25, 2018
Home > News > Economy
Text:| Print|

China stock index futures close lower Friday

2013-01-11 16:52 Xinhua     Web Editor: Gu Liping comment

China's stock index futures closed lower on Friday, with the contract for January, the most actively traded, down 1.16 percent from the previous trading day to 2,498.6 points.

The February contract shed 1.21 percent to 2,508.8 points. The March contract lost 1.21 percent to 2,523 points, while the June contract went down 1.16 percent to 2,548 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.

Comments (0)

Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.