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China Hushen 300 index futures close higher on Wednesday

Xinhua, September 16, 2015 Adjust font size:

China's Hushen 300 index futures closed higher on Wednesday, with the contract for September, the most actively traded, up 5.60 percent to 3,304.8 points.

The October contract climbed 7.62 percent to close at 3,193.6 points and the December contract gained 7.28 percent to 3,001.8 points. The March 2016 contract expanded 7.25 percent to 2,951.6 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.

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