China stock index futures close mixed - July 18

BEIJING -- China's stock index futures closed mostly higher with narrow gains Wednesday with the contract for July up 0.2 points from the previous trading day to 2,419.2 points.

The August contract, the most actively traded, gained 1 point, or 0.04 percent, to close at 2,427.6 points, while the December contract went up 0.11 percent to finish at 2,469.8 points.

The September contract dipped 0.2 points, or 0.01 percent, to close at 2,436.8 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 and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.