Good de­mand for do­mes­tic stock in­dex fu­tures

China Daily (Canada) - - BUSINESS -

Do­mes­tic stock in­dex fu­tures closed higher onWed­nes­day, with the con­tract for De­cem­ber, the most ac­tively traded, up 0.74 per­cent to close at 3,229.6 points. The Jan­uary con­tract went up 1.84 per­cent to end at 3,270.4 points. TheMarch 2015 con­tract rose 2.19 per­cent to fin­ish at 3,300 points. The June 2015 con­tract closed 1.95 per­cent higher at 3,307 points. The stockindex 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 and started trad­ing from April 16, 2010. The CFFEX has set the base value for all the four con­tracts at 3,399 points. stunted plant growth. That was fol­lowed by a pe­riod of un­usu­ally heavy rains in Septem­ber, which hurt crop qual­ity along the Yel­low River Basin, ac­cord­ing to DrewLerner, the pres­i­dent ofWorldWeather Inc in Over­land Park, Kansas. A smaller do­mes­tic crop means the coun­try, the top con­sumer, may buy more from over­seas, help­ing to erode global in­ven­to­ries that have swelled to a record level.

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