China stock index futures close lower Friday2014-03-28 16:09 Xinhua Web Editor: qindexing
China's stock index futures closed lower on Friday, with the contract for April, the most actively traded, down 0.27 percent to close at 2,145 points.
The May contract lost 0.28 percent to end at 2,132.6 points. The June contract fell 0.31 percent to end at 2,117.6 points, while the September contract went down 0.3 percent to 2,095 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.