PT. Equityworld Futures – China stock-index futures rose as the benchmark Shanghai gauge headed for a fourth weekly gain.
Futures on the CSI 300 Index expiring in April advanced 0.1 percent to 4,107.40 as of 9:25 a.m. China Vanke Co., the nation’s biggest listed property developer, may be active after saying profit fell as much as 61 percent in the first quarter from a year earlier.
The Shanghai Composite Index gained 0.4 percent to 3,825.78 on Thursday, taking its climb this week to 3.7 percent. The CSI 300 Index rose less than 0.1 percent.
Margin traders increased holdings of shares purchased with borrowed money Thursday, with the outstanding balance of margin debt on the Shanghai Stock Exchange rising by 1.2 percent to a record 1.02 billion yuan.
The 14-day relative strength measure for the Shanghai index, measuring how rapidly prices have advanced or dropped during a specified time period, was at 78.2 Thursday. Readings above 70 indicate a price may be poised to fall.
The online sports-lottery operator rose 18 percent on Thursday in New York to $12.29, its biggest jump in 11 weeks. 500.com paced gains on the Bloomberg index of the most-actively traded Chinese companies on U.S. exchanges, which added 1.4 percent for a second day of advances. The gauge increased 1.6 percent for the week as U.S. stock trading is closed for a holiday Friday.
Sumber : ewfpro.com