China stock index futures close up

China's stock index futures closed higher on Thursday with the contract for November up 0.09 percent from the previous trading day to 2,670.6 points. The December contract, the most actively traded, rose 0.16 percent to 2,676.4 points. The March 2012 contract gained 0.2 percent to 2,700 points, while the June 2012 was up 0.27 percent to finish at 2,717 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 both gains and 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.