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China Hushen 300 index futures close higher Friday

2015-10-09 15:32

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China's Hushen 300 index futures closed higher on Friday, with the contract for October, the most actively traded, up 2.29 percent to close at 3,310 points.

The November contract went up 2.36 percent to close at 3,237.8 points and the December contract gained 2.13 percent to 3,168 points. The March 2016 contract rose 2.44 percent to 3,103 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.

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.

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