Markets

China stock index futures close down -- April 20

(Xinhua)
Updated: 2011-04-20 17:48

BEIJING - China's stock index futures closed lower Wednesday with the contract for May, the most actively traded, down 0.06 percent from the previous trading day to 3,316.

Related readings:  China stock index futures close down - April 19  China stock index futures close down - April 18  China stock index futures close mixed -- April 15  China stock index futures close down -- April 14

The June contract fell 0.12 percent to 3,330 points. The September contract fell 0.12 percent to 3,370 points and the December contract closed down 0.23 percent to 3,411.8.

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.