HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $32.1 trillion at the end of July 2019, a decrease of 3 per cent from $33.0 trillion at the end of July 2018.
The average daily turnover in July 2019 was $68.7 billion, a decrease of 23 per cent from $89.6 billion in July 2018.
The average daily turnover of ETFs for the first seven months of 2019 was $4.7 billion, a decrease of 2 per cent when compared with $4.8 billion for the same period last year.
The average daily turnover of debt securities for the first seven months of 2019 was $0.3 billion, an increase of 50 per cent when compared with $0.2 billion for the same period last year.

- Derivatives Market

The average daily turnover of Stock Futures for the first seven months of 2019 was 4,492 contracts, an increase of 160 per cent when compared with the 1,729 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first seven months of 2019 was 8,447 contracts, an increase of 23 per cent when compared with the 6,854 contracts for the same period last year.
The average daily turnover of Gold Futures for the first seven months of 2019 was 2,159 contracts, an increase of 53 per cent when compared with the 1,412 contracts for the same period last year.
On 26 July 2019, the open interest of Mini Hang Seng Index Options reached a record high of 48,854 contracts.
On 31 July 2019, the turnover and the open interest of Iron Ore Futures – Monthly Contracts reached a record high of 4,370 contracts and 1,755 contracts respectively.

Listed Securities (Main Board and GEM)

Month-end figures

	Jul 2019	Jul 2018	End 2018
No. of listed companies	2,394	2,249	2,315
Total market capitalisation ($Bil.)	32,085.7	32,959.5	29,909.4
No. of newly listed companies *	16	34	218
No. of listed securities	13,311	13,512	13,290
No. of equity warrants	2	2	3
No. of derivatives warrants	5,473	7,118	6,763
No. of inline warrants	129	-	-
No. of CBBCs	3,827	2,866	2,847
No. of unit trusts	150	145	149
No. of debt securities	1,317	1,115	1,195

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

Securities Market Turnover (Main Board and GEM)

	Jul 2019	Jun 2019	% Change
Monthly turnover ($Mil.) *	1,512,298	1,565,610	-3.4%
Average daily turnover by value ($Mil.) *	68,741	82,401	-16.6%
No. of trading days	22	19	-

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

Turnover by Type of Securities (Main Board and GEM)

	Jul 2019 ($Mil)	Jun 2019 ($Mil)	% Change
Equities	1,087,005.66 (71.9%)	1,149,757.84 (73.4%)	-5.5%
Derivative warrants	148,495.08 (9.8%)	156,993.43 (10.0%)	-5.4%
CBBCs	163,553.58 (10.8%)	142,968.93 (9.1%)	14.4%
Unit Trusts (include ETFs)	108,269.98 (7.2%)	110,228.86 (7.0%)	-1.8%

( ) % 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 July 2019 was $18,830 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jul 2019	Jul 2018	End 2018
No. of H shares	276	259	267
No. of Red chips Stocks	176	164	164
No. of Mainland private enterprises	753	682	715
Market capitalisation (% of market total)	68.2%	66.6%	67.5%
Turnover value (% of equity turnover)	78.8%	81.4%	79.5%

Index Performance

Month-end figures

	Jul 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	35736.43	-3.0%	-3.7%
S&P/HKEX GEM Index	96.61	-4.8%	-53.9%
Hang Seng Index	27777.75	-2.7%	-2.8%
Hang Seng China Enterprises Index	10675.31	-1.9%	-3.2%
Hang Seng China-Affiliated Corporations Index*	4340.77	-2.4%	0.5%
CES China 120 Index ^	6748.84	-0.4%	6.5%
CESChina HK Mainland Index +	7493.42	-1.8%	-3.1%

* - 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)
	Jul 2019	Jun 2019	% Change
Total Futures	398,474	493,518	-19.3%
Hang Seng Index Futures	189,628	220,879	-14.1%
Mini Hang Seng Index Futures	74,133	91,865	-19.3%
HSI (Gross Total Return Index) Futures	0	1	-100.0%
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	109,956	142,480	-22.8%
Mini-Hang Seng China Enterprises Index Futures	11,940	15,272	-21.8%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	181	53	241.5%
HSCEI Dividend Point Index Futures	1,292	899	43.7%
HSI Volatility Index Futures	2	0	-
MSCI AC Asia ex Japan NTR Index Futures	162	2,763	-94.1%
CES China 120 Index Futures	0	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	33	211	-84.4%
Hang Seng Mainland Banks Index Futures	40	99	-59.6%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	39	114	-65.8%
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	2,385	4,227	-43.6%
3-Month HIBOR Futures	3	0	-
1-Month HIBOR Futures	1	0	-
RMB Currency Futures - USD/CNH Futures	5,306	10,782	-50.8%
RMB Currency Futures - EUR/CNH Futures	9	56	-83.9%
RMB Currency Futures - JPY/CNH Futures	4	11	-63.6%
RMB Currency Futures - AUD/CNH Futures	8	13	-38.5%
RMB Currency Futures - CNH/USD Futures	26	21	23.8%
USD Gold Futures	1,906	2,846	-33.0%
CNH Gold Futures	338	689	-50.9%
Iron Ore Futures – Monthly Contracts	1,082	235	360.4%
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	1	0	-
London Tin Mini Futures	0	0	-
Total Options	427,962	566,440	-24.4%
Hang Seng Index Options	42,693	57,088	-25.2%
Mini Hang Seng Index Options	11,781	14,288	-17.5%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	63,899	101,043	-36.8%
Mini-Hang Seng China Enterprises Index Options	1,615	2,481	-34.9%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	307,941	391,479	-21.3%
RMB Currency Futures - USD/CNH Options	32	62	-48.4%
Total Futures and Options	826,436	1,059,958	-22.0%

Clearing and Settlement

CCASS Statistics (securities market)	Jul 2019	Jun 2019	% Change
Average daily number of exchange trades settled by CCASS	1,233,320	1,390,696	-11.32
Average daily number of settlement instructions (SIs) settled by CCASS	84,831	91,456	-7.24
Average daily number of investor SIs (ISIs) settled by CCASS	193	213	-9.39
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.31 60.77	75.28 60.29	N/A N/A
DCASS Statistics (derivatives market)	Jul 2019	Jun 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	610,689	622,476	-1.9%
– Stock Futures	16,104	16,125	-0.1%
– Interest Rates Futures	90	25	260.0%
– RMB Currency Futures	30,487	33,590	-9.2%
– Gold Futures	1,092	1,042	4.8%
– Iron Ore Futures	1,755	556	215.6%
– London Metal Mini Futures	5	1	400.0%
– Equity Index Options	2,910,355	2,883,635	0.9%
– Stock Options	8,201,120	7,893,237	3.9%
– RMB Currency Options	3,308	2,990	10.6%

Year-to-date Statistics

Securities Market	Jul 2019 YTD	Jul 2018 YTD	% Change
No. of newly listed companies #	100	142	-29.6%
Average daily turnover by value ($Mil.) ^	93,373	121,141	-22.9%
Average share traded per trading day (Mil. Shares)	286,285	223,412	28.1%
Average no. of trades per trading day	1,545,490	1,690,699	-8.6%
Fund raised by IPOs ($Mil.)	83,949	119,502	-29.8%
Total funds raised (including IPOs) ($Mil.)*	169,558	276,380	-38.7%
Derivatives Market	Jul 2019 YTD	Jul 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	477,487	490,193	-2.6%
– Stock Futures	4,492	1,729	159.8%
– Interest Rates Futures	1	4	-75.0%
– RMB Currency Futures	8,447	6,854	23.2%
– Gold Futures	2,159	1,412	52.9%
– Iron Ore Futures	245	29	744.8%
– London Metal Mini Futures	1	10	-90.0%
– Equity Index Options	155,119	159,395	-2.7%
– Stock Options	476,959	547,597	-12.9%
– RMB Currency Options	66	72	-8.3%
Clearing & Settlement	Jul 2019 YTD	Jul 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,544,773	1,686,185	-8.39
Average daily number of settlement instructions (SIs) settled by CCASS	98,015	106,807	-8.23
Average daily number of investor SIs (ISIs) settled by CCASS	240	355	-32.39

# 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 July 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
MSCI AC Asia ex Japan NTR Index Futures	39,504	2019/06/17	24,208	2019/06/21
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

Updated 31 Jul 2019