China stock index futures close down -- Feb 23

Updated: 2011-02-23 16:23
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BEIJING - China's stock index futures closed down Wednesday with the contract for March, the most actively traded, down 0.45 percent from the previous trading day to 3,175.2 points.

The April contract fell 0.39 percent to 3,199 points. The June contract was down 0.42 percent to 3,241.2 points and the September contract shed 0.6 percent to 3,283 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.