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Thursday, March 12, 2015

China’s Stock-Index Futures Little Changed After Weekly Advance

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 7:41 PM No comments


China’s stock-index futures were little changed as the Shanghai Composite Index headed for the biggest weekly gain in a month.
Futures on the CSI 300 Index expiring in March, the most active contract, fell less than 0.1 percent to 3,614.60 as of 9:18 a.m. local time. SAIC Motor Corp., China’s largest carmaker, may move after the company signed an agreement with Alibaba Group Holding Ltd. to set up a fund to promote the development of Internet-enabled cars.
The Shanghai Composite Index climbed 1.8 percent to 3,349.32 on Thursday and the CSI 300 Index rose 1.9 percent. Hong Kong’s Hang Seng China Enterprises Index advanced 1.3 percent. The Hang Seng Index gained 0.3 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.2 percent in New York.
Economic data released this week showed growth in aggregate finance and money supply exceeded estimates, while industrial output, retail sales and fixed-asset investment all trailed projections.
Margin traders increased holdings of shares purchased with borrowed money for a twelfth day on Thursday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising by 1.6 percent to a record 878.1 billion yuan.
Source: Bloomberg

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