China's stock index futures opened mixed Friday. The contract for settlement in June, opened at 2,743, down from 2,744.2 on the previous trading day.
The contract expiring in July, the most actively traded, opened at 2,762.4, down from 2,762.6.
The September contract opened at 2,805.8, up from 2,800.8 points while the December contract opened at 2,842, down from 2,843.4.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and 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.
The contract expiring in July, the most actively traded, opened at 2,762.4, down from 2,762.6.
The September contract opened at 2,805.8, up from 2,800.8 points while the December contract opened at 2,842, down from 2,843.4.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from both gains and 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.
