HKEx Monthly Market Highlights - March 2012 
31/03/2012 
 

Highlights

- Securities Market

  • The average daily turnover for the first three months of 2012 was $63,210 million, a decrease of 17 per cent when compared with $75,917 million for the same period last year.
  • The average daily turnover of CBBCs for the first three months of 2012 was $7,612 million, an increase of 29 per cent when compared with $5,921 million for the same period last year.
  • There were 18 newly listed companies for the first three months of 2012, an increase of 6 per cent when compared with 17* for the same period last year.

*included four companies which transferred listing from GEM to Main Board

 

- Derivatives Market

  • The average daily turnover of futures and options for the first three months of 2012 was 493,555 contracts, a decrease of 10 per cent when compared with 546,164 contracts for the same period last year.
  • On 27 March 2012, the open interest of HSCEI Dividend Point Index Futures reached a record high of 51,705 contracts.
  • On 28 March 2012, the open interest of H-shares Index Options reached a record high of 448,971 contracts.

 

Listed Securities (Main Board and GEM)
Month-end figures

 

Mar 2012

Mar 2011

End 2011

No. of listed companies

 1,510

 1,426

 1,496

Total market capitalisation ($Bil.)

19,775

21,397

17,537

No. of newly listed companies *

4

7

101

No. of listed securities

7,029

8,370

6,723

No. of equity warrants

15

 25

15

No. of derivatives warrants

4,094

5,689

4,027

No. of CBBC

1,097

974

901

No. of unit trusts

100

82

88

No. of debt securities

209

170

192

* Includes the number of transfers of listing from GEM to Main Board

 

Securities Market Turnover (Main Board and GEM)

 

Mar 2012

Feb 2012

% Change

Monthly turnover ($Mil.) *

1,418,032

1,436,658

-1%

Average daily turnover by value ($Mil.) *

64,456

68,412

-6%

No. of trading days

22

21

-

* Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010

 

Turnover by Type of Securities (Main Board and GEM)

 

Mar 2012
($Mil)

Feb 2012
($Mil)

% Change

Equities

1,023,727.02
(72.2%)

1,002,019.40
(69.7%)

2.2%

Derivative warrants

191,533.62
(13.5%)

206,461.55
(14.4%)

-7.2%

CBBC

161,642.34
(11.4%)

175,188.28
(12.2%)

-7.7%

Debt securities

101.47
(0.0%)
(less than 0.1%)

152.90
(0.0%)
(less than 0.1%)

-33.6%

( ) % of market total
Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010

  

Mainland Enterprises (Main Board and GEM)
Month-end figures
 

 

Mar 2012

Mar 2011

End 2011

No. of H shares

 167

163

168

No. of Red chips Stocks

107

 103

107

No. of Mainland private enterprises

 415*

334

365

Market capitalisation (% of market total)

58.2%

57.2%

55.5%

Turnover value (% of equity turnover)

65.0%

65.0%

66.0%

* Revised methodology for classification of listed companies took effect from 1 January 2012 (Mainland private enterprises were classified as Non-H Share Mainland Private Enterprises, or NHMPE before revision).

  

Index Performance
Month-end figures

 

Mar 2012

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEx LargeCap Index

24778.87

-5.6%

-11.6%

S&P/HKEx GEM Index

447.66

-10.1%

-41.8%

Hang Seng Index

20555.58

-5.2%

-12.6%

Hang Seng China Enterprises Index#

10640.16

-10.0%

-20.1%

Hang Seng China-Affiliated Corporations Index*

3986.72

-5.5%

-6.1%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Mar 2012

Feb 2012

% Change

Total Futures

207,769

199,617

4.1%

Hang Seng Index Futures

90,084

85,625

5.2%

Mini Hang Seng Index Futures

42,185

39,643

6.4%

H-shares Index Futures

66,660

64,916

2.7%

Mini H-shares Index Futures

6,763

7,006

-3.5%

HSI Dividend Point Index Futures

39

71

-45.1%

HSCEI Dividend Point Index Futures

711

955

-25.5%

HSI Volatility Index Futures 1

10

9

11.1%

IBOVESPA Futures 2

0

0

-

MICEX Index Futures 3

0

0

-

Sensex Index Futures 4

5

0

-

FTSE/JSE Top40 Futures 5

0

0

-

Stock Futures

1,314

1,396

-5.9%

3-Month HIBOR Futures

3

1

200.0%

1-Month HIBOR Futures

0

0

-

3-Year Exchange Fund Note Futures

0

0

-

Gold Futures

0

0

-

Total Options

294,251

285,514

3.1%

Hang Seng Index Options

39,431

33,365

18.2%

Mini Hang Seng Index Options

3,896

3,554

9.6%

Flexible Hang Seng Index Options

0

0

-

H-shares Index Options

24,919

20,253

23.0%

Flexible H-shares Index Options

0

62

-100.0%

Stock Options

226,006

228,280

-1.0%

Total Futures and Options

502,021

485,131

3.5%

1 Trading in HSI Volatility Index Futures commenced on 20 Feb 2012
2 Trading in IBOVESPA Futures commenced on 30 Mar 2012
3 Trading in MICEX Index Futures commenced on 30 Mar 2012
4 Trading in Sensex Index Futures commenced on 30 Mar 2012
5 Trading in FTSE/JSE Top40 Futures commenced on 30 Mar 2012

 

Clearing and Settlement

CCASS Statistics (securities market)

Mar 2012

Feb 2012

% Change

Average daily number of exchange trades handled by CCASS

884,941

940,742

-5.93%

Average daily number of settlement instructions (SIs) settled by CCASS

79,745

84,540

-5.67%

Average daily number of investor SIs (ISIs) settled by CCASS

333

385

-13.51%

Average daily settlement efficiency of CNS stock positions on due day (T+2)

99.90

99.91

N/A

Shares deposited in the CCASS depository
    % of total issued shares 
    % of the total market capitalisation


70.60%
50.26%


70.37%
50.50%


N/A
N/A

DCASS Statistics (derivatives market)

Mar 2012

Feb 2012

% Change

Month-end Open Interest (contracts)

 

 

 

    Equity Index Futures

282,124

289,847

-2.7%

    Stock Futures

14,178

14,930

-5.0%

    Interest Rates Futures

95

49

93.9%

    Gold Futures

0

0

-

    Equity Index Options

593,478

662,192

-10.4%

    Stock Options

4,971,657

6,844,363

-27.4%

  

Year-to-date Statistics

Securities Market

Mar 2012
YTD

Mar 2011
YTD

% Change

No. of newly listed companies #

18

17

6%

Average daily turnover by value ($Mil.) ^

63,210

75,917

-17%

Average share traded per trading day (Mil. Shares)

160,507

164,900

-3%

Average no. of trades per trading day

877,396

855,156

3%

Fund raised by IPOs ($Mil.)

9,797

17,770

-45%

Total funds raised (including IPOs) ($Mil.)*

53,308

66,726

-20%

Derivatives Market

Mar 2012
YTD

Mar 2011
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

193,625

184,258

5.1%

– Stock Futures

1,293

1,758

-26.5%

– Interest Rates Futures

2

3

-33.3%

– Gold Futures

-

26

-

– Equity Index Options

60,191

60,642

-0.7%

– Stock Options

238,445

299,477

-20.4%

Clearing & Settlement

Mar 2012
YTD

Mar 2011
YTD

% Change

Average daily number of exchange trades handled by CCASS

877,050

855,117

2.56%

Average daily number of settlement instructions (SIs) settled by CCASS

79,872

86,292

-7.44%

Average daily number of investor SIs (ISIs) settled by CCASS

351

516

-31.98%

# Includes the number of transfers of listing from GEM to Main Board
^  Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010
* Provisional figures only

 

Historical Records
up to 31 March 2012

Top 10 Hang Seng Index Closes

Rank

Date

Close

1

2007/10/30

31638.22

2

2007/10/29

31586.90

3

2007/11/01

31492.88

4

2007/10/31

31352.58

5

2007/11/02

30468.34

6

2007/10/26

30405.22

7

2007/10/25

29854.49

8

2007/11/07

29708.93

9

2007/12/06

29558.92

10

2007/10/15

29540.78

  

Top 10 Daily Market Turnover
(Main Board and GEM)

Rank

Date

Turnover ($)

1

2007/10/03

210,505,533,155

2

2007/10/16

201,413,369,933

3

2007/10/12

195,962,197,177

4

2007/10/30

185,681,499,300

5

2007/10/11

179,409,273,541

6

2007/10/29

178,382,190,802

7

2007/10/15

174,984,449,067

8

2007/11/06

170,352,755,573

9

2007/10/18

169,121,203,305

10

2007/10/25

165,926,117,174

 

Top 10 Market Capitalisation
(Main Board and GEM)

Rank

Date

Market Capitalisation ($)

1

2007/10/30

23,196,977,098,941

2

2007/11/01

23,176,749,100,222

3

2007/10/29

23,070,544,404,276

4

2007/10/31

23,069,877,573,111

5

2007/11/02

22,518,847,046,433

6

2011/04/21

22,324,252,903,664

7

2010/11/08

22,297,367,476,072

8

2007/10/26

22,285,176,719,928

9

2011/04/08

22,235,055,909,162

10

2007/11/07

22,202,420,942,652

 

Record High for Top-10 Derivatives Market Products (Based on Contract Volume)

Product

Record High Daily Volume

Record High Open Interest

 

Contracts

Date

Contracts

Date

Stock Options

805,947

2008/03/27

9,218,955

2011/11/28

Hang Seng Index Futures

235,385

2011/08/09

198,789

2007/06/27

H-shares Index Futures

220,600

2011/09/27

177,892

2011/09/28

Hang Seng Index Options

116,835

2011/08/05

483,835

2011/09/28

Mini Hang Seng Index Futures

86,812

2011/08/09

21,682

2011/06/17

H-shares Index Options

43,238

2012/02/17

448,971

2012/03/28

Stock Futures

27,966

2007/03/28

26,482

2011/08/25

Mini H-shares Index Futures

19,556

2011/08/09

6,030

2011/06/17

HSCEI Dividend Point Index Futures

15,000

2011/09/14

51,705

2012/03/27

Mini Hang Seng Index Options

10,618

2011/08/05

22,086

2011/08/29