Markets

China stock index futures close up -- January 21

(Xinhua)
Updated: 2011-01-21 16:31

BEIJING -- China's stock index futures closed up Friday with the contract for January, the most actively traded, rose 1.15 percent from the previous trading day to end at 2985.4 points.

The February contract gained 0.97 percent to close at 2990.8 points. The March contract increased 1.03 percent to 3015 points and the June contract was up 1.08 percent to 3073.8 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.