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China Hushen 300 index futures close lower Wednesday.

PEKyN (CyHAN)- China's Hushen 300 index futures closed lower on Wednesday, with the contract for April 2016 down 0.18 percent to finish at 3,196 points.

The May 2016 contract declined 0.27 percent to close at 3,155 points. The June 2016 contract dropped 0.37 percent to close at 3,115.6 points. The September 2016 contract closed 0.45 percent lower at 3,021.2 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 contracts at 3,399 points. (Cihan/Xinhua) Cihan CyHAN

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Publication:Cihan News Agency (CNA)
Date:Mar 23, 2016
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