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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

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