Markets

China stock index futures up -- May 27

(Xinhua)
Updated: 2010-05-27 17:00

BEIJING: China's stock index futures rose Thursday with the contract for June, the most actively traded, up 2.56 percent from the previous trading day to end at 2,901.4 points.

Related readings:  China stock index futures up -- May 26  China stock index futures down -- May 25  First month of futures trading ends smoothly  China stock index futures up -- May 21

The July contract edged up 2.36 percent to 2,919.6 points. The September contract was up 2.26 percent to 2,949.2 and the December contract ended 2.34 percent higher at 3,007.0.

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.