China stock index futures close up -- Aug 15
Updated: 2011-08-15 17:24
(Xinhua)
|
|||||||||||
BEIJING-- China's stock index futures closed up on Monday with the contract for August, the most actively traded, up 1.0 percent from the previous trading day to 2,896 points.
The September contract closed up 1.07 percent to 2,907 points. The December contract increased 0.76 percent to 2,935.2 points, while the March contract for 2012 was up 0.75 percent to finish at 2,980.2 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.
- Home buy limit drives rent to soar in Beijing
- Hong Kong stocks end over 3% higher--Aug 15
- Profit margins thinning in denim capital
- Anti-subsidy probe on EU potato starch extended
- China's Tudou's IPO fully subscribed
- Sliver of a silver lining shines amid the gloom
- Wedding website hopes to lure Chinese couples
- 21 CRH trains to serve Beijing-Shanghai railway
