Markets

China stock index futures close down -- June 16

(Xinhua)
Updated: 2011-06-16 16:14

BEIJING -- China's stock index futures closed down on Thursday with the contract for July, the most actively traded, down 47.4 points, or 1.59 percent, from the previous day to 2,928.0.

The June contract closed at 2,921 points, down 46.8 points, or 1.58 percent. The September contract closed down 48.4 points, or 1.61 percent lower at 2,952 points and the December contract was down 43.6 points, or 1.43 percent to 2,998.8 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.