Market Turnover
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HKEX Monthly Market Highlights

Highlights

- Securities Market

  • Market capitalisation was $30.1 trillion at the end of February 2024, an increase of 7 per cent from $28.1 trillion at the end of January 2024.
  • The average daily turnover in February and the first two months of 2024 were $90.0 billion and $93.6 billion respectively.
  • The average daily turnover of L&I Products for the first two months of 2024 was $2.5 billion, an increase of 4 per cent when compared with $2.4 billion for the same period last year.
  • The average daily turnover of Debt Securities for the first two months of 2024 was $590 million, an increase of 20 per cent when compared with $490 million for the same period last year.

 

- Derivatives Market

  • The average daily volume of futures and options for the first two months of 2024 was 1,516,428 contracts, an increase of 11 per cent when compared with the 1,361,266 contracts for the same period last year.
  • The average daily volume of equity index futures for the first two months of 2024 was 627,661 contracts, an increase of 12 per cent when compared with the 558,119 contracts for the same period last year.
  • The average daily volume of equity index options for the first two months of 2024 was 158,803 contracts, an increase of 7 per cent when compared with the 148,797 contracts for the same period last year.
  • The average daily volume of Stock Options for the first two months of 2024 was 646,263 contracts, an increase of 2 per cent when compared with the 632,238 contracts for the same period last year.
  • The average daily volume of Stock Futures for the first two months of 2024 was 7,525 contracts, an increase of 7 per cent when compared with the 7,032 contracts for the same period last year.
  • The average daily volume of RMB Currency Futures for the first two months of 2024 was 74,569 contracts, an increase of 431 per cent when compared with the 14,052 contracts for the same period last year.
  • On 16 February 2024, the volume of INR Currency Futures - INR/USD Futures reached a record high of 6,877 contracts.

 

Listed Securities (Main Board and GEM) 

Month-end figures

 

Feb 2024

Feb 2023

End 2023

No. of listed companies

2,609

2,596

2,609

Total market capitalisation ($Bil.)

30,097.2

35,807.6

31,039.1

No. of newly listed companies *

0

0

73

No. of listed securities

13,215

15,834

12,810

No. of SPAC shares

5

5

5

No. of equity warrants (excluding SPAC warrants)

2

2

2

No. of SPAC warrants

5

5

5

No. of derivatives warrants

4,955

6,937

4,801

No. of inline warrants

-

7

-

No. of CBBCs

3,832

4,387

3,578

No. of unit trusts

191

189

186

No. of debt securities

1,616

1,705

1,624

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

 

Number of Newly Listed Securities (Main Board and GEM) 

 

Feb 2024

Feb 2023

2023

Derivatives warrants

355

818

7,967

CBBCs

1,659

2,172

22,851

Unit trusts

3

2

16

Debt securities

21

10

222

 

Securities Market Turnover (Main Board and GEM) 

 

Feb 2024

Jan 2024

% Change

Monthly turnover ($Mil.) *

1,709,919

2,126,731

-19.6%

Average daily turnover by value ($Mil.) *

89,996

96,670

-6.9%

No. of trading days

19

22

-

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

 

Stock Connect Summary 

 

Feb 2024

Jan 2024

% Change

Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)

151,539

113,535

33.5%

Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)

29,787

26,570

12.1%

No. of Northbound trading days

15

22

-

No. of Southbound trading days

15

22

-

 

Turnover by Type of Securities (Main Board and GEM) 

 

Feb 2024

($Mil)

Jan 2024

($Mil)

% Change

Equities

1,300,098.83

(76.0%)

1,537,441.05

(72.3%)

-15.4%

Derivative warrants

87,035.84

(5.1%)

129,253.61

(6.1%)

-32.7%

CBBCs

91,937.62

(5.4%)

140,586.70

(6.6%)

-34.6%

Unit trusts

(include ETFs)

222,972.80

(13.0%)

303,109.30

(14.3%)

-26.4%

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

 

Average Daily Turnover by Type of Securities (Main Board and GEM) 

 

Feb 2024

($Mil)

Jan 2024

($Mil)

% Change

Equities

68,426.25

69,883.68

-2.1%

Derivative warrants

4,580.83

5,875.16

-22.0%

CBBCs

4,838.82

6,390.30

-24.3%

Unit trusts

(include ETFs)

11,735.41

13,777.70

-14.8%

Others

414.44

742.75

-44.2%

Total

89,995.76

96,669.60

-6.9%

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 Feb 2024 was $22,636 million (1.3% of the securities market total turnover).

 

Mainland Enterprises (Main Board and GEM) 

Month-end figures

 

Feb 2024

Feb 2023

End 2023

No. of H shares

339

319

339

No. of Non-H share Mainland enterprises

1,109

1,096

1,108

Market capitalisation (% of market total)

76.8%

76.5%

76.5%

Turnover value (% of equity turnover)

85.0%

87.4%

87.1%

 

Index Performance 

Month-end figures

 

Feb 2024

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

23934.75

6.9%

-15.9%

S&P/HKEX GEM Index

17.95

2.9%

-54.9%

Hang Seng Index

16511.44

6.6%

-16.5%

Hang Seng China Enterprises Index

5677.88

9.3%

-13.7%

Hang Seng China-Affiliated Corporations Index*

3397.89

6.4%

-11.9%

CES China 120 Index ^

4968.53

8.0%

-12.8%

CESChina HK Mainland Index +

4440.15

9.2%

-16.1%

* - 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)*

Feb

2024

Jan

2024

% Change

Total Futures

685,780

733,746

-6.5%

Hang Seng Index Futures

144,876

158,800

-8.8%

Mini Hang Seng Index Futures

99,134

96,408

2.8%

HSI (Gross Total Return Index) Futures

0

0

-

HSI (Net Total Return Index) Futures

0

0

-

Hang Seng China Enterprises Index Futures

211,024

215,085

-1.9%

Mini-Hang Seng China Enterprises Index Futures

10,480

9,867

6.2%

HSCEI (Gross Total Return Index) Futures

0

0

-

HSCEI (Net Total Return Index) Futures

0

0

-

HSI Dividend Point Index Futures

21

9

133.3%

HSCEI Dividend Point Index Futures

667

318

109.7%

HSI Volatility Index Futures

0

0

-

Hang Seng TECH Index Futures

114,581

134,947

-15.1%

MSCI AC Asia ex Japan NTR Index Futures

11

17

-35.3%

MSCI Australia Net Total Return (USD) Index Futures

0

0

-

MSCI China A 50 Connect (USD) Index Futures

16,349

21,435

-23.7%

MSCI China (USD) Index Futures

1

1

0.0%

MSCI China Net Total Return (USD) Index Futures

162

865

-81.3%

MSCI EM Asia ex China Net Total Return (USD) Index Futures

0

0

-

MSCI EM Asia ex Korea Net Total Return (USD) Index Futures

0

0

-

MSCI EM Asia Net Total Return (USD) Index Futures

5

0

-

MSCI EM EMEA Net Total Return (USD) Index Futures

0

0

-

MSCI EM ex China Net Total Return (USD) Index Futures

0

0

-

MSCI EM ex Korea Net Total Return (USD) Index Futures

0

0

-

MSCI EM LatAm Net Total Return (USD) Index Futures

0

0

-

MSCI Emerging Markets (USD) Index Futures

0

0

-

MSCI Emerging Markets Net Total Return (USD) Index Futures

0

0

-

MSCI Hong Kong Net Total Return (USD) Index Futures

34

20

70.0%

MSCI India (USD) Index Futures

4,605

4,584

0.5%

MSCI India Net Total Return (USD) Index Futures

7

2

250.0%

MSCI Indonesia (USD) Index Futures

0

0

-

MSCI Indonesia Net Total Return (USD) Index Futures

13

7

85.7%

MSCI Japan Net Total Return (USD) Index Futures

0

0

-

MSCI Malaysia (USD) Index Futures

0

0

-

MSCI Malaysia Net Total Return (USD) Index Futures

5

2

150.0%

MSCI New Zealand Net Total Return (USD) Index Futures

0

0

-

MSCI Pacific ex Japan Net Total Return (USD) Index Futures

0

0

-

MSCI Pacific Net Total Return (USD) Index Futures

0

0

-

MSCI Philippines (USD) Index Futures

0

0

-

MSCI Philippines Net Total Return (USD) Index Futures

0

1

-100.0%

MSCI Singapore Free (SGD) Index Futures

0

0

-

MSCI Singapore Free Net Total Return (USD) Index Futures

0

0

-

MSCI Singapore Net Total Return (USD) Index Futures

0

0

-

MSCI Taiwan (USD) Index Futures

3,783

4,452

-15.0%

MSCI Taiwan 25/50 (USD) Index Futures

13

13

0.0%

MSCI Taiwan 25/50 Net Total Return (USD) Index Futures

0

0

-

MSCI Taiwan Net Total Return (USD) Index Futures

32

0

-

MSCI Thailand (USD) Index Futures

0

0

-

MSCI Thailand Net Total Return (USD) Index Futures

1

0

-

MSCI Vietnam (USD) Index Futures

0

0

-

MSCI Vietnam Net Total Return (USD) Index Futures

0

0

-

CES China 120 Index Futures

0

0

-

Hang Seng Mainland Banks Index Futures

0

0

-

Stock Futures

6,976

7,998

-12.8%

3-Month HIBOR Futures

0

1

-100.0%

1-Month HIBOR Futures

0

0

-

RMB Currency Futures - USD/CNH Futures

69,779

74,725

-6.6%

RMB Currency Futures - Mini USD/CNH Futures

1,493

2,692

-44.5%

RMB Currency Futures - EUR/CNH Futures

0

0

-

RMB Currency Futures - JPY/CNH Futures

0

0

-

RMB Currency Futures - AUD/CNH Futures

0

0

-

RMB Currency Futures - CNH/USD Futures

0

0

-

INR Currency Futures - INR/USD Futures

1,728

1,497

15.4%

INR Currency Futures - INR/CNH Futures

0

0

-

USD Gold Futures

0

0

-

CNH Gold Futures

0

0

-

USD Silver Futures

0

0

-

CNH Silver Futures

0

0

-

Iron Ore Futures – Monthly Contracts

0

0

-

Iron Ore Futures – Quarterly Contracts

0

0

-

CNH London Aluminium Mini Futures

0

0

-

CNH London Zinc Mini Futures

0

0

-

CNH London Copper Mini Futures

0

0

-

CNH London Lead Mini Futures

0

0

-

CNH London Nickel Mini Futures

0

0

-

CNH London Tin Mini Futures

0

0

-

USD London Aluminium Mini Futures

0

0

-

USD London Zinc Mini Futures

0

0

-

USD London Copper Mini Futures

0

0

-

USD London Lead Mini Futures

0

0

-

USD London Nickel Mini Futures

0

0

-

USD London Tin Mini Futures

0

0

-

Total Options

797,569

811,545

-1.7%

Hang Seng Index Options

22,317

26,501

-15.8%

Mini Hang Seng Index Options

18,428

18,507

-0.4%

Weekly Hang Seng Index Options

15,585

16,369

-4.8%

Flexible Hang Seng Index Options

0

0

-

Hang Seng Index Futures Options

4,651

4,339

7.2%

Hang Seng China Enterprises Index Options

34,794

35,980

-3.3%

Mini-Hang Seng China Enterprises Index Options

5,387

4,958

8.7%

Weekly Hang Seng China Enterprises Index Options

3,298

3,587

-8.1%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Hang Seng China Enterprises Index Futures Options

43,789

44,180

-0.9%

Hang Seng TECH Index Options

4,242

4,140

2.5%

Hang Seng TECH Index Futures Options

2,573

3,471

-25.9%

MSCI Taiwan (USD) Index Options

0

0

-

Stock Options

642,503

649,510

-1.1%

RMB Currency Options - USD/CNH Options

2

3

-33.3%

Total Futures and Options

1,483,349

1,545,291

-4.0%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Feb 2024 and Jan 2024 are 21 days (with 2 holiday trading days) and 22 days (without holiday trading day) respectively
- For list of holiday trading products, please see link here.

 

Clearing and Settlement

CCASS Statistics (securities market)

Feb 2024

Jan 2024

% Change

Average daily number of exchange trades settled by CCASS

1,800,575

1,877,819

-4.11%

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

93,806

88,685

5.77%

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

115

134

-14.18%

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

99.94

99.92

N/A

Average daily value of SIs settled by CCASS ($ Mil)

169,266.54

181,196.38

-6.58%

Shares deposited in the CCASS depository

– % of total issued shares

– % of the total market capitalisation

 

74.14

61.57

 

74.35

61.62

 

N/A

N/A

DCASS Statistics (derivatives market)

Feb 2024

Jan 2024

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

1,024,064

1,093,845

-6.4%

– Stock Futures

30,364

25,883

17.3%

– Interest Rates Futures

35

40

-12.5%

– RMB Currency Futures

44,135

44,033

0.2%

– INR Currency Futures

297

575

-48.3%

– Gold Futures

0

0

-

– Silver Futures

0

0

-

– Iron Ore Futures

0

0

-

– London Metal Mini Futures

0

0

-

– Equity Index Options

2,343,257

2,261,526

3.6%

– Stock Options

10,851,792

10,130,487

7.1%

– RMB Currency Options

309

302

2.3%

 

Year-to-date Statistics 

Securities Market

Feb 2024

YTD

Feb 2023

YTD

% Change

No. of newly listed companies #

5

10

-50.0%

Average daily turnover by value ($Mil.) ^

93,577

128,603

-27.2%

Average share traded per trading day (Mil. Shares)

195,446

187,533

4.2%

Average no. of trades per trading day

1,841,976

2,222,707

-17.1%

Fund raised by IPOs ($Mil.)*

2,177

3,936

-44.7%

Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**

21,319

23,039

-7.5%

Derivatives Market

Feb 2024

YTD

Feb 2023

YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

627,661

558,119

12.5%

– Stock Futures

7,525

7,032

7.0%

– Interest Rates Futures

0

7

-100.0%

– RMB Currency Futures

74,569

14,052

430.7%

– INR Currency Futures

1,604

997

60.9%

– Gold Futures

0

1

-100.0%

– Silver Futures

0

0

-

– Iron Ore Futures

0

0

-

– London Metal Mini Futures

0

0

-

– Equity Index Options

158,803

148,797

6.7%

– Stock Options

646,263

632,238

2.2%

– RMB Currency Options

3

23

-87.0%

Clearing & Settlement

Feb 2024

YTD

Feb 2023

YTD

% Change

Average daily number of exchange trades handled by CCASS

1,801,293

2,133,388

-15.57%

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

93,806

105,644

-11.21%

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

115

161

-28.57%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only

 

Historical Records 

up to 29 Feb 2024

 

Top 10 Hang Seng Index Closes

Rank

Date

Close

1

2018/01/26

33154.12

2

2018/01/29

32966.89

3

2018/01/24

32958.69

4

2018/01/23

32930.70

5

2018/01/31

32887.27

6

2018/01/25

32654.45

7

2018/02/01

32642.09

8

2018/01/30

32607.29

9

2018/02/02

32601.78

10

2018/01/22

32393.41

 

Top 10 Daily Market Turnover

(Main Board and GEM)

Rank

Date

Turnover ($)

1

2021/07/27

361,238,455,648

2

2021/02/24

354,330,826,815

3

2021/02/26

321,313,602,377

4

2022/03/16

309,913,857,581

5

2021/02/22

303,594,716,032

6

2021/01/19

302,507,509,559

7

2021/01/20

301,244,822,148

8

2022/03/17

301,106,198,997

9

2015/04/09

293,910,756,648

10

2021/01/25

288,079,469,553

 

Top 10 Market Capitalisation

(Main Board and GEM)

Rank

Date

Market Capitalisation ($)

1

2021/02/17

58,672,185,510,043

2

2021/02/16

57,829,770,591,111

3

2021/02/19

57,502,986,918,920

4

2021/02/18

57,470,114,718,778

5

2021/02/11

56,844,960,338,845

6

2021/02/10

56,495,679,850,172

7

2021/02/22

56,276,247,080,503

8

2021/02/23

56,194,869,034,753

9

2021/02/09

55,171,603,385,082

10

2021/02/25

55,137,617,193,968

 

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

1,545,227

2020/07/06

15,625,280

2021/03/29

Hang Seng China Enterprises Index Futures

651,086

2023/04/25

758,877

2022/12/28

Hang Seng TECH Index Futures

437,435

2023/12/22

328,335

2023/12/22

Hang Seng Index Futures

422,450

2018/10/26

206,082

2017/06/27

Hang Seng China Enterprises Index Options

389,483

2021/01/11

3,749,790

2018/11/28

Mini Hang Seng Index Futures

298,812

2020/03/19

35,820

2024/01/23

Hang Seng Index Options

140,628

2021/01/11

594,941

2017/11/28

RMB Currency Futures - USD/CNH Futures

112,385

2023/11/15

46,711

2017/01/04

Hang Seng China Enterprises Index Futures Options

103,353

2023/07/31

1,207,462

2023/06/15

Mini-Hang Seng China Enterprises Index Futures

76,471

2018/02/06

16,436

2014/12/11

Updated 29 Feb 2024