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China stock index futures open mixed Monday

(Xinhua)

11:13, March 12, 2012

BEIJING, March 12 (Xinhua) -- China's stock index futures opened mixed on Monday, with the contract for settlement in March, the most actively traded, up 3.4 points to open at 2,665.2 points.

The contract for settlement in April went up 0.6 points to open at 2,672 points. The contract for settlement in June opened 5.6 points higher at 2,692 points.

The contract for settlement in September opened at 2,711.2 points, down 2.4 points.

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 either gains or declines in the market.

The index futures were 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.

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