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China Hushen 300 index futures close mixed on Friday

Xinhua, September 18, 2015 Adjust font size:

China's Hushen 300 index futures closed mixed on Friday, with the contract for September, the most actively traded, down 0.91 percent to 3,255 points.

The October contract dropped 0.57 percent to close at 3,139 points and the December contract gained 0.15 percent to 2,980.8 points. The March 2016 contract shrank 0.18 percent to 2,906 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