HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $29.9 trillion at the end of 2018.
The Hang Seng Index ended 2018 at 25845.7, representing a year-on-year decrease of 14 per cent.
The average daily turnover in 2018 was $107.4 billion, a record high and an increase of 22 per cent from $88.2 billion in 2017.
The average daily turnover of derivative warrants in 2018 was $15.7 billion, an increase of 29 per cent from $12.2 billion in 2017.
The average daily turnover of CBBCs in 2018 was $7.5 billion, an increase of 56 per cent from $4.8 billion in 2017.
There were 218* newly listed companies in 2018, an increase of 25 per cent from 174* in 2017.
Funds raised through IPOs in 2018 was $286.5 billion, an increase of 123 per cent from $128.5 billion in 2017.

- Derivatives Market

The average daily turnover of futures and options in 2018 was 1,203,996 contracts, an increase of 38 per cent from 869,819 contracts in 2017.
The average daily turnover of equity index futures in 2018 was 511,547 contacts, an increase of 66 per cent from 307,674 contacts in 2017.
The average daily turnover of Stock Futures in 2018 was 3,508 contracts, an increase of 613 per cent from 492 contracts in 2017.
The average daily turnover of Stock Options in 2018 was 517,395 contracts, an increase of 21 per cent from 428,499 contracts in 2017.
The average daily turnover of RMB Currency Futures in 2018 was 7,235 contracts, an increase of 139 per cent from 3,025 contracts in 2017.
On 27 December 2018, the open interest of Hang Seng China Enterprises Index Futures reached a record high of 635,051 contracts.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Dec 2018	Dec 2017	End 2017
No. of listed companies	2,315	2,118	2,118
Total market capitalisation ($Bil.)	29,909.4	33,998.8	33,998.8
No. of newly listed companies *	22	23	174
No. of listed securities	13,290	12,803	12,803
No. of equity warrants	3	8	8
No. of derivatives warrants	6,763	6,094	6,094
No. of CBBCs	2,847	3,374	3,374
No. of unit trusts	149	145	145
No. of debt securities	1,195	1,047	1,047

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

Securities Market Turnover (Main Board and GEM)

	Dec 2018	Nov 2018	% Change
Monthly turnover ($Mil.) *	1,365,748	1,956,269	-30.2%
Average daily turnover by value ($Mil.) *	71,881	88,921	-19.2%
No. of trading days	19	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 2018 ($Mil)	Nov 2018 ($Mil)	% Change
Equities	998,313.56 (73.1%)	1,288,451.78 (65.9%)	-22.5%
Derivative warrants	186,540.38 (13.7%)	368,854.05 (18.9%)	-49.4%
CBBCs	110,597.71 (8.1%)	206,690.23 (10.6%)	-46.5%
Unit Trusts (include ETFs)	65,072.25 (4.8%)	87,967.78 (4.5%)	-26.0%

( ) % 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 2018 was $17,448 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Dec 2018	Dec 2017	End 2017
No. of H shares	267	252	252
No. of Red chips Stocks	164	159	159
No. of Mainland private enterprises	715	640	640
Market capitalisation (% of market total)	67.5%	66.2%	66.2%
Turnover value (% of equity turnover)	79.1%	78.4%	76.1%

Index Performance

Month-end figures

	Dec 2018	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	33622.78	-2.2%	-13.5%
S&P/HKEX GEM Index	146.01	-7.0%	-44.7%
Hang Seng Index	25845.70	-2.5%	-13.6%
Hang Seng China Enterprises Index	10124.75	-4.7%	-13.5%
Hang Seng China-Affiliated Corporations Index*	4169.04	-3.9%	-5.8%
CES China 120 Index ^	5659.03	-5.1%	-16.8%
CESChina HK Mainland Index +	6961.30	-4.6%	-15.0%

* - 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)
	Dec 2018	Nov 2018	% Change
Total Futures	499,342	590,135	-15.4%
Hang Seng Index Futures	214,880	269,434	-20.2%
Mini Hang Seng Index Futures	94,899	120,821	-21.5%
HSI (Gross Total Return Index) Futures *	0	0	-
HSI (Net Total Return Index) Futures *	0	0	-
Hang Seng China Enterprises Index Futures	154,528	161,847	-4.5%
Mini-Hang Seng China Enterprises Index Futures	17,614	19,972	-11.8%
HSCEI (Gross Total Return Index) Futures *	0	0	-
HSCEI (Net Total Return Index) Futures *	0	0	-
HSI Dividend Point Index Futures	0	0	-
HSCEI Dividend Point Index Futures	766	2,026	-62.2%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	149	0	-
CES China 120 Index Futures	0	1	-100.0%
CES Gaming Top 10 Index Futures	0	1	-100.0%
Hang Seng Mainland Oil & Gas Index Futures	27	59	-54.2%
Hang Seng Mainland Banks Index Futures	33	30	10.0%
Hang Seng Mainland Healthcare Index Futures	1	0	-
Hang Seng Mainland Properties Index Futures	60	160	-62.5%
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	6,449	7,287	-11.5%
3-Month HIBOR Futures	1	0	-
1-Month HIBOR Futures	1	0	-
RMB Currency Futures - USD/CNH Futures	8,163	6,242	30.8%
RMB Currency Futures - EUR/CNH Futures	60	81	-25.9%
RMB Currency Futures - JPY/CNH Futures	12	7	71.4%
RMB Currency Futures - AUD/CNH Futures	1	7	-85.7%
RMB Currency Futures - CNH/USD Futures	119	78	52.6%
USD Gold Futures	1,381	1,833	-24.7%
CNH Gold Futures	167	125	33.6%
Iron Ore Futures – Monthly Contracts	26	119	-78.2%
Iron Ore Futures – Quarterly Contracts	0	0	-
London Aluminium Mini Futures	0	0	-
London Zinc Mini Futures	2	2	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	538,566	644,564	-16.4%
Hang Seng Index Options	46,774	54,839	-14.7%
Mini Hang Seng Index Options	11,969	14,997	-20.2%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	92,170	102,355	-10.0%
Mini-Hang Seng China Enterprises Index Options	1,260	2,103	-40.1%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	386,276	470,109	-17.8%
RMB Currency Futures - USD/CNH Options	118	162	-27.2%
Total Futures and Options	1,037,908	1,234,699	-15.9%

* Trading commenced on 05 Nov 2018

Clearing and Settlement

CCASS Statistics (securities market)	Dec 2018	Nov 2018	% Change
Average daily number of exchange trades settled by CCASS	1,247,496	1,501,974	-16.94%
Average daily number of settlement instructions (SIs) settled by CCASS	105,677	94,387	11.96%
Average daily number of investor SIs (ISIs) settled by CCASS	222	191	16.23%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.91	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.15 58.78	75.86 58.51	N/A N/A
DCASS Statistics (derivatives market)	Dec 2018	Nov 2018	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	708,430	793,743	-10.7%
– Stock Futures	20,476	26,382	-22.4%
– Interest Rates Futures	272	410	-33.7%
– RMB Currency Futures	32,284	34,902	-7.5%
– Gold Futures	236	369	-36.0%
– Iron Ore Futures	1,124	1,224	-8.2%
– London Metal Mini Futures	1	7	-85.7%
– Equity Index Options	2,612,803	3,960,350	-34.0%
– Stock Options	7,213,486	9,856,996	-26.8%
– RMB Currency Options	5,625	7,914	-28.9%

Year-to-date Statistics

Securities Market	Dec 2018 YTD	Dec 2017 YTD	% Change
No. of newly listed companies #	218	174	25.3%
Average daily turnover by value ($Mil.) ^	107,410	88,249	21.7%
Average share traded per trading day (Mil. Shares)	226,207	180,012	25.7%
Average no. of trades per trading day	1,596,792	1,240,169	28.8%
Fund raised by IPOs ($Mil.)	286,497	128,536	122.9%
Total funds raised (including IPOs) ($Mil.)*	541,707	581,386	-6.8%
Derivatives Market	Dec 2018 YTD	Dec 2017 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	511,547	307,674	66.3%
– Stock Futures	3,508	492	613.0%
– 5-Year MOF T-Bond Futures	-	51	-
– Interest Rates Futures	3	2	50.0%
– RMB Currency Futures	7,235	3,025	139.2%
– Gold Futures	1,430	1,373	4.2%
– Iron Ore Futures	39	552	-93.0%
– London Metal Mini Futures	7	11	-36.4%
– Equity Index Options	162,710	129,293	25.8%
– Stock Options	517,395	428,499	20.7%
– RMB Currency Options	122	54	125.9%
Clearing & Settlement	Dec 2018 YTD	Dec 2017 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,596,128	1,239,552	28.77%
Average daily number of settlement instructions (SIs) settled by CCASS	102,842	92,287	11.44%
Average daily number of investor SIs (ISIs) settled by CCASS	304	336	-9.52%

# 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 2018

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	467,559	2015/08/26	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 31 Dec 2018