China Hushen 300 index futures close higher Monday

China's Hushen 300 index futures closed higher on Monday, with the contract for April 2016 up 1.57 percent to finish at 3,213.8 points.

The May 2016 contract gained 1.68 percent to close at 3,169 points. The June 2016 contract rose 2.26 percent to close at 3,131.6 points. The September 2016 contract gained 2.21 percent to finish at 2,998.8 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 contracts at 3,399 points.

Source: Xinhua