Markets

Stock index futures close down - June 29

(Xinhua)
Updated: 2011-06-29 16:26

BEIJING - China's stock index futures closed down on Wednesday with the contract for July, the most actively traded, down 23.4 points, or 0.77 percent, from the previous day to 3,017.6.

The August contract closed at 3,028.8 points, down 20.6 points, or 0.68 percent. The September contract closed down 23 points, or 0.75 percent, at 3,038.6 points and the December contract was down 19 points, or 0.61 percent, to 3,092.8 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.