Markets

China stock index futures close up -- Feb 28

(Xinhua)
Updated: 2011-02-28 16:14

BEIJING - China's stock index futures closed up Monday with the contract for March, the most actively traded, up 1.4percent from the previous trading day to 3,255.2 points.

The April contract increased 1.4 percent to 3,277.6 points. The June contract was up 1.17 percent to 3,315.6 points and the September contract rose 1.27 percent to 3,361.6 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.