Markets

China stock index futures close up - April 13

(Xinhua)
Updated: 2011-04-13 16:37

BEIJING - China's stock index futures closed up Wednesday with the contract for April, the most actively traded, up 1.62percent from the previous trading day to 3,374.8.

Related readings:  China stock index futures close lower -- April 12  China stock index futures close lower Monday  China stock index futures close up Friday  China stock index futures close up-- April 7

The May contract edged up 1.77 percent to 3,393.8 points. The June contract climbed 1.76 percent to 3,410.6 points and the September contract closed up 1.5 percent to 3,443.8.

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.