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China stock index closes 0.44 % lower

China stock index closes 0.44 % lower

BEIJING:  China’s stock index ended lower on Wednesday, with the agreement for November, the most actively deal, along 0.44 percent to 2,533.6 points.

The December contract went down 0.35 percent to end at 2,541.4 points. The March 2015 contract lost 0.34 percent to finish at 2,559.6 points. The June 2015 contract closed 0.37 percent lower at 2,561.8 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.