Markets

China stock index futures close up - Dec 31

(Xinhua)
Updated: 2010-12-31 16:30

BEIJING - China's stock index futures closed up Friday with the contract for January 2011, the most actively traded, up 1.91 percent from the previous trading day to end at 3,157 points.

Related readings:  China stock index futures close up - Dec 30  China stock index futures close mixed - Dec 29  China stock index futures close down - Dec 28  China stock index futures close down - Dec 27

The February 2011 contract gained 1.68 percent to close at 3,188.4 points. The March 2011 contract added 1.84 percent to 3,236.8 points and the June 2011 contract was up 1.71 percent to 3,308 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.