(MENAFN- Qatar News Agency) Ijing june 05 (qna) - china's stock index futures closed higher today with the contract for june the most actively traded up 1.33% to close at 2149.6 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 according to (xinhua) news agency.
the july contract went up 1.27% to end at 2139.4 points.
the september contract climbed 1.27% to end at 2151.6 points while the december contract gained 1.24% to 2165.4 points.
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 3399 points. (qna)
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