HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $52.1 trillion at the end of March 2021, an increase of 59 per cent from $32.8 trillion for the same period last year.
The average daily turnover in March 2021 was $198.5 billion, an increase of 40 per cent from $141.7 billion for the same period last year.
The average daily turnover for the first three months of 2021 was $224.4 billion, an increase of 86 per cent when compared with $120.9 billion for the same period last year.
The average daily turnover of derivative warrants for the first three months of 2021 was $14.6 billion, an increase of 83 per cent when compared with $8.0 billion for the same period last year.
The average daily turnover of CBBCs for the first three months of 2021 was $11.8 billion, an increase of 24 per cent when compared with $9.5 billion for the same period last year.
The average daily turnover of ETFs for the first three months of 2021 was $7.1 billion, an increase of 13 per cent when compared with $6.3 billion for the same period last year.
The average daily turnover of Debt Securities for the first three months of 2021 was $0.38 billion, an increase of 58 per cent when compared with $0.24 billion for the same period last year.
Funds raised through IPOs for the first three months of 2021 was $132.8 billion, an increase of 822 per cent when compared with $14.4 billion for the same period last year.
Total funds raised for the first three months of 2021 was $259.1 billion, an increase of 172 per cent when compared with $95.1 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first three months of 2021 was 1,410,460 contracts, an increase of 9 per cent when compared with the 1,298,207 contracts for the same period last year.
The average daily turnover of Stock Options for the first three months of 2021 was 826,689 contracts, an increase of 54 per cent when compared with the 537,310 contracts for the same period last year.
The average daily turnover of Stock Futures for the first three months of 2021 was 13,683 contracts, an increase of 172 per cent when compared with the 5,022 contracts for the same period last year.
On 25 and 29 March 2021, the turnover and open interest of Hang Seng TECH Index Futures reached a record high of 19,723 contracts and 17,678 contracts respectively.
On 16 March 2021, the turnover and open interest of MSCI China Free Net Total Return (USD) Index Futures reached a record high of 7,563 contracts and 10,482 contracts respectively.
On 18 March 2021, the turnover of MSCI Japan Net Total Return (USD) Index Futures reached a record high of 21,200 contracts.
On 9 and 22 March 2021, the turnover and open interest of Stock Futures reached a record high of 36,944 contracts and 61,238 contracts respectively.
On 29 March 2021, the open interest of Stock Options reached a record high of 15,625,280 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Mar 2021	Mar 2020	End 2020
No. of listed companies	2,553	2,473	2,538
Total market capitalisation ($Bil.)	52,062.2	32,801.9	47,523.0
No. of newly listed companies *	11	15	154
No. of listed securities	18,114	14,678	17,041
No. of equity warrants	1	3	1
No. of derivatives warrants	8,621	5,747	7,507
No. of inline warrants	394	860	507
No. of CBBCs	4,729	4,013	4,739
No. of unit trusts	162	144	159
No. of debt securities	1,638	1,421	1,574

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

Securities Market Turnover (Main Board and GEM)

	Mar 2021	Feb 2021	% Change
Monthly turnover ($Mil.) *	4,564,574	4,210,042	8.4%
Average daily turnover by value ($Mil.) *	198,460	233,891	-15.1%
No. of trading days	23	18	-

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

Turnover by Type of Securities (Main Board and GEM)

	Mar 2021 ($Mil)	Feb 2021 ($Mil)	% Change
Equities	3,751,197.34 (82.2%)	3,523,515.55 (83.7%)	6.5%
Derivative warrants	351,664.59 (7.7%)	273,615.50 (6.5%)	28.5%
CBBCs	261,158.40 (5.7%)	220,161.75 (5.2%)	18.6%
Inline warrants	416.57 (0.0%)	189.37 (0.0%)	120.0%
Unit trusts (include ETFs)	190,248.00 (4.2%)	185,260.29 (4.4%)	2.7%

Mar 2021

($Mil)

Feb 2021

($Mil)

% Change

Equities

3,751,197.34

(82.2%)

3,523,515.55

(83.7%)

6.5%

Derivative warrants

351,664.59

(7.7%)

273,615.50

(6.5%)

28.5%

CBBCs

261,158.40

(5.7%)

220,161.75

(5.2%)

18.6%

Inline warrants

416.57

(0.0%)

189.37

(0.0%)

120.0%

Unit trusts

(include ETFs)

190,248.00

(4.2%)

185,260.29

(4.4%)

2.7%

( ) % 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 March 2021 was $51,955 million (1.1% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Mar 2021	Mar 2020	End 2020
No. of H shares	292	283	291
No. of Red chips Stocks	176	177	176
No. of Mainland private enterprises	864	799	852
Market capitalisation (% of market total)	79.9%	75.5%	80.1%
Turnover value (% of equity turnover)	87.7%	81.2%	84.7%

Index Performance

Month-end figures

	Mar 2021	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	42690.93	-4.7%	31.7%
S&P/HKEX GEM Index	136.91	-19.0%	74.1%
Hang Seng Index	28378.35	-2.1%	20.2%
Hang Seng China Enterprises Index	10972.04	-2.4%	14.4%
Hang Seng China-Affiliated Corporations Index*	4102.08	0.7%	14.2%
CES China 120 Index ^	8439.08	-4.5%	32.9%
CESChina HK Mainland Index +	9348.60	-3.1%	35.4%

* - 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)
	Mar 2021	Feb 2021	% Change
Total Futures	491,049	463,002	6.1%
Hang Seng Index Futures	162,173	165,416	-2.0%
Mini Hang Seng Index Futures	132,659	115,873	14.5%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	132,099	127,593	3.5%
Mini-Hang Seng China Enterprises Index Futures	20,424	16,343	25.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	150	-100.0%
HSCEI Dividend Point Index Futures	1,897	2,443	-22.3%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	8,524	6,582	29.5%
MSCI AC Asia ex Japan NTR Index Futures	71	52	36.5%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	10	2	400.0%
MSCI China Free Net Total Return (USD) Index Futures	649	86	654.7%
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	7	9	-22.2%
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	3	3	0.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	1	-100.0%
MSCI India Net Total Return (USD) Index Futures	42	6	600.0%
MSCI Indonesia (USD) Index Futures	4	12	-66.7%
MSCI Indonesia Net Total Return (USD) Index Futures	52	34	52.9%
MSCI Japan (JPY) Index Futures	0	0	-
MSCI Japan Net Total Return (JPY) Index Futures	0	0	-
MSCI Japan Net Total Return (USD) Index Futures	931	4	23175.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	15	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	4	2	100.0%
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	6,784	6,867	-1.2%
MSCI Taiwan 25/50 (USD) Index Futures	125	145	-13.8%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	1	-100.0%
MSCI Taiwan Net Total Return (USD) Index Futures	150	148	1.4%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	58	18	222.2%
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 Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	14,512	13,504	7.5%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	7,541	6,239	20.9%
RMB Currency Futures - EUR/CNH Futures	1	3	-66.7%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	1	-100.0%
RMB Currency Futures - CNH/USD Futures	3	1	200.0%
INR Currency Futures - INR/USD Futures	1,102	1,132	-2.7%
INR Currency Futures - INR/CNH Futures	11	13	-15.4%
USD Gold Futures	9	3	200.0%
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	529	69	666.7%
USD London Zinc Mini Futures	303	15	1920.0%
USD London Copper Mini Futures	356	229	55.5%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	863,211	905,059	-4.6%
Hang Seng Index Options	26,194	34,808	-24.7%
Mini Hang Seng Index Options	12,988	12,631	2.8%
Weekly Hang Seng Index Options	7,620	6,886	10.7%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	35,122	37,291	-5.8%
Mini-Hang Seng China Enterprises Index Options	1,520	1,480	2.7%
Weekly Hang Seng China Enterprises Index Options	1,665	1,624	2.5%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng TECH Index Options	813	342	137.7%
MSCI China Free (USD) Index Options *	0	-	-
MSCI Taiwan (USD) Index Options *	0	-	-
Stock Options	777,262	809,980	-4.0%
RMB Currency Options - USD/CNH Options	27	17	58.8%
Total Futures and Options	1,354,260	1,368,061	-1.0%

* Trading commenced on 15 March 2021

Clearing and Settlement

CCASS Statistics (securities market)	Mar 2021	Feb 2021	% Change
Average daily number of exchange trades settled by CCASS	2,755,425	3,081,793	-10.59%
Average daily number of settlement instructions (“SIs”) settled by CCASS	141,960	154,061	-7.85%
Average daily number of investor SIs (“ISIs”) settled by CCASS	318	421	-24.47%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.88	99.91	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.86 61.70	76.88 60.11	N/A N/A
DCASS Statistics (derivatives market)	Mar 2021	Feb 2021	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	509,569	549,346	-7.2%
– Stock Futures	38,583	40,376	-4.4%
– Interest Rates Futures	0	15	-100.0%
– RMB Currency Futures	25,906	27,340	-5.2%
– INR Currency Futures	591	781	-24.3%
– Gold Futures	85	46	84.8%
– Silver Futures	0	0	-
– Iron Ore Futures	202	349	-42.1%
– London Metal Mini Futures	690	51	1252.9%
– Equity Index Options	1,577,066	2,060,951	-23.5%
– Stock Options	10,890,603	11,801,488	-7.7%
– RMB Currency Options	2,254	2,709	-16.8%

Year-to-date Statistics

Securities Market	Mar 2021 YTD	Mar 2020 YTD	% Change
No. of newly listed companies #	32	39	-17.9%
Average daily turnover by value ($Mil.) ^	224,406	120,944	85.5%
Average share traded per trading day (Mil. Shares)	286,839	203,370	41.0%
Average no. of trades per trading day	2,967,809	1,864,917	59.1%
Fund raised by IPOs ($Mil.)	132,753	14,436	819.6%
Total funds raised (including IPOs) ($Mil.)*	259,078	95,118	172.4%
Derivatives Market	Mar 2021 YTD	Mar 2020 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	452,317	556,993	-18.8%
– Stock Futures	13,683	5,022	172.5%
– Interest Rates Futures	0	3	-100.0%
– RMB Currency Futures	7,036	8,401	-16.2%
– INR Currency Futures	934	934	0.0%
– Gold Futures	8	1,046	-99.2%
– Silver Futures	0	-	-
– Iron Ore Futures	7	475	-98.5%
– London Metal Mini Futures	681	608	12.0%
– Equity Index Options	109,078	187,356	-41.8%
– Stock Options	826,689	537,310	53.9%
– RMB Currency Options	26	59	-55.9%
Clearing & Settlement	Mar 2021 YTD	Mar 2020 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,965,415	1,862,885	59.18%
Average daily number of settlement instructions (SIs) settled by CCASS	146,073	112,469	29.88%
Average daily number of investor SIs (ISIs) settled by CCASS	375	277	35.38%

# 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 March 2021

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	2021/02/24	354,330,826,815
2	2021/02/26	321,313,602,377
3	2021/02/22	303,594,716,032
4	2021/01/19	302,507,509,559
5	2021/01/20	301,244,822,148
6	2015/04/09	293,910,756,648
7	2021/01/25	288,079,469,553
8	2018/03/23	284,101,947,853
9	2021/02/18	284,013,143,876
10	2021/01/26	279,859,139,070

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	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	389,483	2021/01/11	3,749,790	2018/11/28
Mini Hang Seng Index Futures	298,812	2020/03/19	22,321	2018/10/26
Hang Seng Index Options	140,628	2021/01/11	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	56,378	2019/12/16	46,698	2019/09/17
MSCI Taiwan (USD) Index Futures	42,363	2020/11/24	65,267	2020/10/29
Stock Futures	36,944	2021/03/09	61,238	2021/03/22

Updated 31 Mar 2021