HKEX Monthly Market Highlights - December 2016 
04/08/2017 
 

Highlights

- Securities Market

  • Market capitalisation was $24.8 trillion at the end of 2016, representing a year-on-year increase of 0.4 per cent.
  • The Hang Seng Index ended 2016 at 22000.56, representing a year-on-year increase of 0.4 per cent.
  • The average daily turnover in 2016 was $66.9 billion, a decrease of 37 per cent when compared with $105.6 billion in 2015.
  • There were 126* newly listed companies in 2016, a decrease of 9 per cent when compared with the 138* in 2015.
  • Funds raised through IPOs in 2016 was $194.8 billion, a decrease of 26 per cent when compared with $263.1 billion in 2015.

 

- Derivatives Market

  • The average daily turnover of futures and options in 2016 was 761,744 contracts, a decrease of 1 per cent when compared with the 768,520 contracts in 2015.
  • The average daily turnover of equity index futures in 2016 was 337,247 contracts, an increase of 15 per cent when compared with the 293,178 contracts in 2015.
  • The average daily turnover of equity index options in 2016 was 123,354 contracts, an increase of 27 per cent when compared with the 96,756 contracts in 2015.
  • The average daily turnover of RMB Currency Futures in 2016 was 2,206 contracts, an increase of 108 per cent when compared with the 1,062 contracts in 2015.
  • HSCEI Dividend Point Index Futures, H-shares Index Options and RMB Currency Futures - USD/CNH Futures reached a record high of open interest of 184,626 contracts (13 December), 3,276,956 contracts (28 December) and 45,635 contracts (30 December) respectively.

* Includes any transfers of listing from GEM to Main Board

 

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

 

Dec 2016

Dec 2015

End 2015

No. of listed companies

 1,973

1,866

 1,866

Total market capitalisation ($Bil.)

24,761.3

24,683.7

24,683.7

No. of newly listed companies *

17

25

138

No. of listed securities

8,591

9,015

9,015

No. of equity warrants

9

13

13

No. of derivatives warrants

3,705

4,590

4,590

No. of CBBCs

1,844

1,630

1,630

No. of unit trusts

157

145

145

No. of debt securities

892

762

762

* Includes the number of transfer of listings from GEM to Main Board


Securities Market Turnover (Main Board and GEM)

 

Dec 2016

Nov 2016

% Change

Monthly turnover ($Mil.) *

1,277,777

1,488,891

-14.2%

Average daily turnover by value ($Mil.) *

63,889

67,677

-5.6%

No. of trading days

20

22

-

 * Turnover value for securities traded in non-Hong Kong dollar currency have been included

 

Turnover by Type of Securities (Main Board and GEM)

 

Dec 2016
($Mil)

Nov 2016
($Mil)

% Change

Equities

940,784.99
(73.6%)

1,113,703.39
(74.8%)

-15.5%

Derivative warrants

178,895.16
(14.0%)

175,216.52
(11.8%)

2.1%

CBBCs

78,264.80
(6.1%)

107,513.49
(7.2%)

-27.2%

Unit Trusts
(include ETFs)

78,505.45
(6.1%)

88,922.09
(6.0%)

-11.7%

( ) % of market total
Turnover value for securities traded in non-Hong Kong dollar currency have been included

 

ATS Transactions

The total turnover of automated trading services’ (ATS) transactions for December 2016 was $19,248 million (1.5% of the securities market total turnover).

  

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

 

Dec 2016

Dec 2015

End 2015

No. of H shares

 241

229

229

No. of Red chips Stocks

153

 145

145

No. of Mainland private enterprises

 608

577

577

Market capitalisation (% of market total)

63.3%

62.1%

62.1%

Turnover value (% of equity turnover)

68.8%

74.4%

72.7%

 

Index Performance
Month-end figures

 

Dec 2016

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

27926.13

-3.0%

3.4%

S&P/HKEX GEM Index

358.53

-3.8%

-24.8%

Hang Seng Index

22000.56

-3.5%

0.4%

Hang Seng China Enterprises Index#

9394.87

-4.5%

-2.8%

Hang Seng China-Affiliated Corporations Index*

3587.99

-4.5%

-11.5%

CES China 120 Index ^

5052.40

-4.3%

0.2%

CES China HK Mainland Index +

5515.90

-2.3%

1.8%

# - tracks H shares
* - tracks Red chips
^ - tracks 80 Mainland-listed companies and 40 Hong Kong-listed Mainland enterprises
+ - tracks 40 Hong Kong-listed Mainland enterprises

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Dec 2016

Nov 2016

% Change

Total Futures

292,140

329,514

-11.3%

Hang Seng Index Futures

106,672

126,122

-15.4%

Mini Hang Seng Index Futures

43,403

51,082

-15.0%

H-shares Index Futures

121,698

127,444

-4.5%

Mini H-shares Index Futures

14,223

18,858

-24.6%

HSI Dividend Point Index Futures

46

23

100.0%

HSCEI Dividend Point Index Futures

843

1,628

-48.2%

HSI Volatility Index Futures

0

0

-

CES China 120 Index Futures

7

1

600.0%

CES Gaming Top 10 Index Futures

0

0

-

Hang Seng Mainland Oil & Gas Index Futures

0

0

-

Hang Seng Mainland Banks Index Futures

9

0

-

Hang Seng Mainland Healthcare Index Futures

0

0

-

Hang Seng Mainland Properties Index Futures

0

0

-

Hang Seng IT Hardware Index Futures

0

0

-

Hang Seng Software & Services Index Futures

0

0

-

IBOVESPA Futures

0

0

-

MICEX Index Futures

0

0

-

S&P BSE Sensex Index Futures

0

0

-

FTSE/JSE Top40 Futures

0

0

-

Stock Futures

794

696

14.1%

3-Month HIBOR Futures

2

0

-

1-Month HIBOR Futures

0

0

-

RMB Currency Futures - USD/CNH Futures

4,324

3,535

22.3%

RMB Currency Futures - EUR/CNH Futures

9

7

28.6%

RMB Currency Futures - JPY/CNH Futures

1

0

-

RMB Currency Futures - AUD/CNH Futures

1

0

-

RMB Currency Futures - CNH/USD Futures

95

40

137.5%

London Aluminium Mini Futures

1

6

-83.3%

London Zinc Mini Futures

3

22

-86.4%

London Copper Mini Futures

0

7

-100.0%

London Lead Mini Futures

0

0

-

London Nickel Mini Futures

9

40

-77.5%

London Tin Mini Futures

0

0

-

Total Options

435,892

455,664

-4.3%

Hang Seng Index Options

38,532

37,487

2.8%

Mini Hang Seng Index Options

6,944

6,743

3.0%

Flexible Hang Seng Index Options

0

0

-

H-shares Index Options

79,002

85,316

-7.4%

Mini H-shares Index Options

1,984

2,883

-31.2%

Flexible H-shares Index Options

26

64

-59.4%

Stock Options

309,404

323,171

-4.3%

Total Futures and Options

728,032

785,177

-7.3%

 

 Clearing and Settlement

CCASS Statistics (securities market)

Dec 2016

Nov 2016

% Change

Average daily number of exchange trades handled by CCASS

1,017,686

1,107,985

-8.15%

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

85,828

81,615

5.16%

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

269

268

0.37%

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

99.88

99.89

N/A

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


74.27
56.60


74.37
56.87


N/A
N/A

DCASS Statistics (derivatives market)

Dec 2016

Nov 2016

% Change

Month-end Open Interest (contracts)

 

 

 

  Equity Index Futures

572,757

624,120

-8.2%

  Stock Futures

5,365

5,885

-8.8%

  Interest Rates Futures

40

0

-

  RMB Currency Futures

47,241

43,365

8.9%

  London Metal Mini Futures

53

92

-42.4%

  Equity Index Options

2,343,151

3,345,169

-30.0%

  Stock Options

6,327,503

7,246,820

-12.7%

 

Year-to-date Statistics

Securities Market

Dec 2016
YTD

Dec 2015
YTD

% Change

No. of newly listed companies #

126

138

-8.7%

Average daily turnover by value ($Mil.) ^

66,924

105,630

-36.6%

Average share traded per trading day (Mil. Shares)

186,171

217,384

-14.4%

Average no. of trades per trading day

1,081,020

1,440,280

-24.9%

Fund raised by IPOs ($Mil.)

194,797

263,089

-26.0%

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

486,708

1,115,643

-56.4%

Derivatives Market

Dec 2016
YTD

Dec 2015
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

337,247

293,178

15.0%

– Stock Futures

915

2,951

-69.0%

– Interest Rates Futures

0

0

-

– RMB Currency Futures

2,206

1,062

107.7%

– London Metal Mini Futures

118

226

-47.8%

– Equity Index Options

123,354

96,756

27.5%

– Stock Options

297,903

374,346

-20.4%

Clearing & Settlement

Dec 2016 YTD

Dec 2015
YTD

% Change

Average daily number of exchange trades handled by CCASS

1,080,339

1,396,636

-22.65%

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

83,047

100,829

-17.64%

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

276

442

-37.56%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Provisional figures only

 

Historical Records
up to 31 December 2016

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

2015/04/09

293,910,756,648

2

2015/04/13

266,098,632,854

3

2015/04/08

252,396,050,844

4

2015/04/14

239,903,336,931

5

2015/07/08

237,429,139,110

6

2015/04/10

222,888,834,174

7

2015/04/15

218,018,391,899

8

2015/04/17

215,953,404,099

9

2015/07/06

214,812,393,078

10

2015/07/09

213,825,663,405

 

Top 10 Market Capitalisation
(Main Board and GEM)

Rank

Date

Market Capitalisation ($)

1

2015/05/26

31,549,926,214,937

2

2015/05/27

31,365,605,931,773

3

2015/05/04

31,230,244,838,810

4

2015/04/27

31,207,701,541,939

5

2015/04/28

31,201,357,832,733

6

2015/04/29

31,147,874,933,908

7

2015/05/22

31,110,175,634,968

8

2015/05/19

31,108,059,908,400

9

2015/06/01

31,107,316,498,262

10

2015/04/30

30,995,152,430,547


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

1,221,324

2015/04/13

11,159,128

2015/05/27

H-shares Index Futures

467,559

2015/08/26

519,817

2015/12/29

Hang Seng Index Futures

316,855

2016/09/27

198,789

2007/06/27

H-shares Index Options

188,957

2015/09/04

3,276,956

2016/12/28

Mini Hang Seng Index Futures

141,519

2016/06/24

21,682

2011/06/17

Hang Seng Index Options

116,835

2011/08/05

560,087

2012/06/27

Mini H-shares Index Futures

74,511

2015/07/08

16,436

2014/12/11

Stock Futures

27,966

2007/03/28

47,050

2013/03/27

HSCEI Dividend Point Index Futures

25,553

2016/01/07

184,626

2016/12/13

Mini Hang Seng Index Options

17,771

2016/11/09

32,651

2012/05/29