HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $33 trillion at the end of February 2019, an increase of 3 per cent from $32 trillion at the end of January 2019, and a decrease of 6 per cent from $35 trillion at the end of February 2018.
The average daily turnover in February 2019 was $105.7 billion, an increase of 20 per cent when compared with $88.4 billion in January 2019, and a decrease of 27 per cent from $144.8 billion in February 2018.
The average daily turnover of derivative warrants in February 2019 was $17.0 billion, an increase of 7 per cent when compared with $15.9 billion in January 2019.
The average daily turnover of ETFs in February 2019 was $4.8 billion, an increase of 71 per cent when compared with $2.8 billion in January 2019.
Funds raised through IPOs for February 2019 was $6.3 billion, an increase of 50 per cent when compared with $4.2 billion in January 2019.
On 26 February 2019, Northbound Trading under Stock Connect hit a new record with turnover of RMB67.9 billion.

- Derivatives Market

The average daily turnover of Stock Futures for the first two months of 2019 was 5,299 contracts, an increase of 624 per cent when compared with the 732 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first two months of 2019 was 8,670 contracts, an increase of 60 per cent when compared with the 5,407 contracts for the same period last year.
The average daily turnover of futures and options in February 2019 was 1,187,330 contracts, an increase of 9 per cent when compared with the 1,091,651 contracts in January 2019.
On 25 February 2019, the turnover of total futures and options reached a record high of 2,250,795 contracts.
On 25 February 2019, the turnover of Hang Seng China Enterprises Index Futures reached a record high of 477,061 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Feb 2019	Feb 2018	End 2018
No. of listed companies	2,331	2,162	2,315
Total market capitalisation ($Bil.)	33,044.6	35,155.4	29,909.4
No. of newly listed companies *	11	20	218
No. of listed securities	13,970	14,497	13,290
No. of equity warrants	3	5	3
No. of derivatives warrants	6,630	7,083	6,763
No. of CBBCs	3,616	4,007	2,847
No. of unit trusts	149	145	149
No. of debt securities	1,223	1,078	1,195

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

Securities Market Turnover (Main Board and GEM)

	Feb 2019	Jan 2019	% Change
Monthly turnover ($Mil.) *	1,796,918	1,944,233	-7.6%
Average daily turnover by value ($Mil.) *	105,701	88,374	19.6%
No. of trading days	17	22	-

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

Turnover by Type of Securities (Main Board and GEM)

	Feb 2019 ($Mil)	Jan 2019 ($Mil)	% Change
Equities	1,229,257.14 (68.4%)	1,284,420.78 (66.1%)	-4.3%
Derivative warrants	288,928.59 (16.1%)	349,272.45 (18.0%)	-17.3%
CBBCs	176,920.71 (9.8%)	221,648.87 (11.4%)	-20.2%
Unit Trusts (include ETFs)	96,860.54 (5.4%)	81,975.76 (4.2%)	18.2%

( ) % 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 February 2019 was $17,017 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Feb 2019	Feb 2018	End 2018
No. of H shares	268	254	267
No. of Red chips Stocks	173	164	164
No. of Mainland private enterprises	722	644	715
Market capitalisation (% of market total)	67.7%	66.9%	67.5%
Turnover value (% of equity turnover)	78.3%	77.8%	79.5%

Index Performance

Month-end figures

	Feb 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	36930.87	2.3%	-8.0%
S&P/HKEX GEM Index	134.50	-1.2%	-45.7%
Hang Seng Index	28633.18	2.5%	-7.2%
Hang Seng China Enterprises Index	11367.45	3.0%	-8.2%
Hang Seng China-Affiliated Corporations Index*	4457.60	1.6%	-1.4%
CES China 120 Index ^	6477.61	6.7%	-6.5%
CESChina HK Mainland Index +	7738.04	2.1%	-10.0%

* - 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 2019	Jan 2019	% Change
Total Futures	474,103	496,279	-4.5%
Hang Seng Index Futures	203,855	220,096	-7.4%
Mini Hang Seng Index Futures	85,096	93,968	-9.4%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	149,590	146,786	1.9%
Mini-Hang Seng China Enterprises Index Futures	15,575	17,079	-8.8%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	182	7	2500.0%
HSCEI Dividend Point Index Futures	2,649	2,442	8.5%
HSI Volatility Index Futures	3	0	-
MSCI AC Asia ex Japan NTR Index Futures	0	45	-100.0%
CES China 120 Index Futures	1	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	435	522	-16.7%
Hang Seng Mainland Banks Index Futures	138	172	-19.8%
Hang Seng Mainland Healthcare Index Futures	1	0	-
Hang Seng Mainland Properties Index Futures	112	86	30.2%
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	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	4,623	5,821	-20.6%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	9,511	7,598	25.2%
RMB Currency Futures - EUR/CNH Futures	135	110	22.7%
RMB Currency Futures - JPY/CNH Futures	20	11	81.8%
RMB Currency Futures - AUD/CNH Futures	27	5	440.0%
RMB Currency Futures - CNH/USD Futures	82	92	-10.9%
USD Gold Futures	1,702	1,173	45.1%
CNH Gold Futures	295	219	34.7%
Iron Ore Futures – Monthly Contracts	70	45	55.6%
Iron Ore Futures – Quarterly Contracts	0	0	-
London Aluminium Mini Futures	0	0	-
London Zinc Mini Futures	1	1	0.0%
London Copper Mini Futures	0	0	-
London Lead Mini Futures	0	0	-
London Nickel Mini Futures	0	0	-
London Tin Mini Futures	0	0	-
Total Options	713,243	595,372	19.8%
Hang Seng Index Options	50,681	47,518	6.7%
Mini Hang Seng Index Options	12,152	12,412	-2.1%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	97,358	88,585	9.9%
Mini-Hang Seng China Enterprises Index Options	1,270	1,112	14.2%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	551,685	445,669	23.8%
RMB Currency Futures - USD/CNH Options	82	75	9.3%
Total Futures and Options	1,187,330	1,091,651	8.8%

Clearing and Settlement

CCASS Statistics (securities market)	Feb 2019	Jan 2019	% Change
Average daily number of exchange trades settled by CCASS	1,708,612	1,535,153	11.30%
Average daily number of settlement instructions (SIs) settled by CCASS	106,730	93,910	13.65%
Average daily number of investor SIs (ISIs) settled by CCASS	271	217	24.88%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.94	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.55 59.17	75.85 58.71	N/A N/A
DCASS Statistics (derivatives market)	Feb 2019	Jan 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	669,675	748,644	-10.5%
– Stock Futures	20,737	23,487	-11.7%
– Interest Rates Futures	278	277	0.4%
– RMB Currency Futures	38,822	35,677	8.8%
– Gold Futures	255	163	56.4%
– Iron Ore Futures	1,146	1,092	4.9%
– London Metal Mini Futures	4	3	33.3%
– Equity Index Options	3,105,508	2,901,397	7.0%
– Stock Options	9,359,853	8,261,798	13.3%
– RMB Currency Options	5,511	5,489	0.4%

Year-to-date Statistics

Securities Market	Feb 2019 YTD	Feb 2018 YTD	% Change
No. of newly listed companies #	24	50	-52.0%
Average daily turnover by value ($Mil.) ^	95,927	153,657	-37.6%
Average share traded per trading day (Mil. Shares)	347,530	259,292	34.0%
Average no. of trades per trading day	1,611,325	1,852,380	-13.0%
Fund raised by IPOs ($Mil.)	10,480	20,740	-49.5%
Total funds raised (including IPOs) ($Mil.)*	21,925	78,263	-72.0%
Derivatives Market	Feb 2019 YTD	Feb 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	470,931	495,308	-4.9%
– Stock Futures	5,299	732	623.9%
– Interest Rates Futures	0	1	-100.0%
– RMB Currency Futures	8,670	5,407	60.3%
– Gold Futures	1,656	2,183	-24.1%
– Iron Ore Futures	56	63	-11.1%
– London Metal Mini Futures	1	10	-90.0%
– Equity Index Options	154,785	192,139	-19.4%
– Stock Options	491,881	724,093	-32.1%
– RMB Currency Options	78	49	59.2%
Clearing & Settlement	Feb 2019 YTD	Feb 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,610,763	1,851,726	-13.01%
Average daily number of settlement instructions (SIs) settled by CCASS	99,308	117,552	-15.52%
Average daily number of investor SIs (ISIs) settled by CCASS	240	503	-52.29%

# 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 January 2019

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	2015/04/09	293,910,756,648
2	2018/03/23	284,101,947,853
3	2015/04/13	266,098,632,854
4	2018/02/06	258,799,618,543
5	2015/04/08	252,396,050,844
6	2015/04/14	239,903,336,931
7	2015/07/08	237,429,139,110
8	2015/04/10	222,888,834,174
9	2018/02/09	219,595,292,569
10	2018/02/07	218,890,883,115

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2018/01/26	37,715,721,713,817
2	2018/01/29	37,498,267,978,409
3	2018/01/24	37,458,993,282,123
4	2018/01/23	37,434,956,503,062
5	2018/01/31	37,196,824,130,391
6	2018/01/25	37,171,558,627,632
7	2018/01/30	37,034,857,609,118
8	2018/02/02	36,948,839,611,393
9	2018/02/01	36,943,877,577,778
10	2018/01/22	36,925,559,142,548

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	13,725,731	2018/03/27
Hang Seng China Enterprises Index Futures	477,061	2019/02/25	635,051	2018/12/27
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,749,790	2018/11/28
Mini Hang Seng Index Futures	215,927	2018/02/07	22,321	2018/10/26
Hang Seng Index Options	130,998	2018/01/23	594,941	2017/11/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
Stock Futures	27,966	2007/03/28	47,050	2013/03/27
HSCEI Dividend Point Index Futures	27,501	2017/02/14	184,626	2016/12/13
Mini Hang Seng Index Options	25,534	2018/11/02	48,450	2018/11/28

Updated 28 Feb 2019