China’s stock index futures closed higher today, with the contract for June, the most actively traded, up 1.33% to close at 2,149.6 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 either gains or declines in the market, according to (Xinhua) news agency.
The July contract went up 1.27% to end at 2,139.4 points.
The September contract climbed 1.27% to end at 2,151.6 points, while the December contract gained 1.24% to 2,165.4 points.
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.