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China Hushen 300 index futures close higher Wednesday

Xinhua, April 22, 2015 Adjust font size:

China's key Hushen 300 index futures ended higher on Wednesday, with the contract for May, the most actively traded, up 3.33 percent to close at 4,761 points.

The June contract gained 3.43 percent to end at 4,773.6 points. The September contract advanced 3.32 percent to finish at 4,770 points. The December contract increased 3.68 percent to 4,825 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. Endi