HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $35.7 trillion at the end of November 2019, an increase of 16 per cent from $30.8 trillion at the end of November 2018.
The average daily turnover in November 2019 was $79.6 billion, an increase of 5 per cent when compared with $75.9 billion in October 2019, and a decrease of 10 per cent from $88.9 billion in November 2018.
The average daily turnover of CBBCs for the first eleven months of 2019 was $8.3 billion, an increase of 9 per cent when compared with $7.6 billion for the same period last year.
The average daily turnover of ETFs for the first eleven months of 2019 was $4.4 billion, an increase of 7 per cent when compared with $4.1 billion for the same period last year.
Funds raised through IPOs for the first eleven months of 2019 was $273.9 billion, an increase of 5 per cent when compared with $261.9 billion for the same period last year.

- Derivatives Market

The average daily turnover of Stock Futures for the first eleven months of 2019 was 3,736 contracts, an increase of 15 per cent when compared with the 3,262 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first eleven months of 2019 was 8,223 contracts, an increase of 15 per cent when compared with the 7,142 contracts for the same period last year.
The average daily turnover of Gold Futures for the first eleven months of 2019 was 2,318 contracts, an increase of 63 per cent when compared with the 1,420 contracts for the same period last year.
On 29 and 15 November 2019, the turnover and the open interest of Weekly Hang Seng Index Options reached a record high of 7,335 contracts and 7,674 contracts respectively.
On 18 and 8 November 2019, the turnover and the open interest of Weekly Hang Seng China Enterprises Index Options reached a record high of 4,318 contracts and 7,162 contracts respectively.

Listed Securities (Main Board and GEM)

Month-end figures

	Nov 2019	Nov 2018	End 2018
No. of listed companies	2,436	2,294	2,315
Total market capitalisation ($Bil.)	35,709.4	30,784.7	29,909.4
No. of newly listed companies *	28	11	218
No. of listed securities	12,922	13,776	13,290
No. of equity warrants	3	3	3
No. of derivatives warrants	4,703	7,168	6,763
No. of inline warrants	743	-	-
No. of CBBCs	3,490	2,974	2,847
No. of unit trusts	150	148	149
No. of debt securities	1,379	1,171	1,195

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

Securities Market Turnover (Main Board and GEM)

	Nov 2019	Oct 2019	% Change
Monthly turnover ($Mil.) *	1,671,008	1,593,778	4.8%
Average daily turnover by value ($Mil.) *	79,572	75,894	4.8%
No. of trading days	21	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Nov 2019 ($Mil)	Oct 2019 ($Mil)	% Change
Equities	1,298,185.47 (77.7%)	1,200,607.17 (75.3%)	8.1%
Derivative warrants	119,534.14 (7.2%)	127,055.94 (8.0%)	-5.9%
CBBCs	140,428.14 (8.4%)	155,153.27 (9.7%)	-9.5%
Inline warrants	20.20 (0.0%)	27.34 (0.0%)	-26.1%
Unit Trusts (include ETFs)	108,405.70 (6.5%)	107,053.12 (6.7%)	1.3%

Nov 2019
($Mil)

Oct 2019
($Mil)

% Change

Equities

1,298,185.47

(77.7%)

1,200,607.17

(75.3%)

8.1%

Derivative warrants

119,534.14

(7.2%)

127,055.94

(8.0%)

-5.9%

CBBCs

140,428.14

(8.4%)

155,153.27

(9.7%)

-9.5%

Inline warrants

20.20

(0.0%)

27.34

(0.0%)

-26.1%

Unit Trusts

(include ETFs)

108,405.70

(6.5%)

107,053.12

(6.7%)

1.3%

( ) % 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 Nov 2019 was $21,672 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Nov 2019	Nov 2018	End 2018
No. of H shares	280	263	267
No. of Red chips Stocks	173	164	164
No. of Mainland private enterprises	774	701	715
Market capitalisation (% of market total)	72.5%	68.0%	67.5%
Turnover value (% of equity turnover)	79.6%	79.1%	79.5%

Index Performance

Month-end figures

	Nov 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	34601.67	-0.7%	0.7%
S&P/HKEX GEM Index	78.35	-5.5%	-50.1%
Hang Seng Index	26346.49	-2.1%	-0.6%
Hang Seng China Enterprises Index	10301.82	-2.2%	-3.0%
Hang Seng China-Affiliated Corporations Index*	4162.16	-2.4%	-4.1%
CES China 120 Index ^	6679.24	-1.8%	12.0%
CESChina HK Mainland Index +	7338.10	-2.1%	0.5%

* - 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)
	Nov 2019	Oct 2019	% Change
Total Futures	432,063	421,757	2.4%
Hang Seng Index Futures	187,694	186,712	0.5%
Mini Hang Seng Index Futures	83,175	85,087	-2.2%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	134,149	123,103	9.0%
Mini-Hang Seng China Enterprises Index Futures	11,928	13,309	-10.4%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	60	0	-
HSCEI Dividend Point Index Futures	2,794	1,826	53.0%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	935	181	416.6%
CES China 120 Index Futures	0	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	50	59	-15.3%
Hang Seng Mainland Banks Index Futures	32	45	-28.9%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	33	46	-28.3%
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	2,520	1,982	27.1%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	5,768	6,182	-6.7%
RMB Currency Futures - EUR/CNH Futures	13	13	0.0%
RMB Currency Futures - JPY/CNH Futures	9	11	-18.2%
RMB Currency Futures - AUD/CNH Futures	9	9	0.0%
RMB Currency Futures - CNH/USD Futures	11	13	-15.4%
INR Currency Futures - INR/USD Futures *	379	-	-
INR Currency Futures - INR/CNH Futures *	0	-	-
USD Gold Futures	2,003	2,508	-20.1%
CNH Gold Futures	194	289	-32.9%
Iron Ore Futures – Monthly Contracts	129	122	5.7%
Iron Ore Futures – Quarterly Contracts	0	0	-
CNH London Aluminium Mini Futures	1	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	83	63	31.7%
USD London Zinc Mini Futures	0	0	-
USD London Copper Mini Futures	104	189	-45.0%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	6	6	0.0%
USD London Tin Mini Futures	0	0	-
Total Options	514,234	539,861	-4.7%
Hang Seng Index Options	51,211	43,721	17.1%
Mini Hang Seng Index Options	15,951	12,468	27.9%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	80,156	85,526	-6.3%
Mini-Hang Seng China Enterprises Index Options	3,317	2,357	40.7%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Weekly Hang Seng Index Options ^	4,658	3,507	32.8%
Weekly Hang Seng China Enterprises Index Options ^	1,997	1,165	71.4%
Stock Options	356,896	391,090	-8.7%
RMB Currency Futures - USD/CNH Options	50	27	85.2%
Total Futures and Options	946,297	961,618	-1.6%

* Trading commenced on 4 November 2019
^ Trading commenced on 16 September 2019

Clearing and Settlement

CCASS Statistics (securities market)	Nov 2019	Oct 2019	% Change
Average daily number of exchange trades settled by CCASS	1,327,452	1,271,082	4.43%
Average daily number of settlement instructions (SIs) settled by CCASS	93,371	84,341	10.71%
Average daily number of investor SIs (ISIs) settled by CCASS	203	201	1%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.92	99.94	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.13 56.45	75.00 60.56	N/A N/A
DCASS Statistics (derivatives market)	Nov 2019	Oct 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	662,831	665,998	-0.5%
– Stock Futures	21,624	18,687	15.7%
– Interest Rates Futures	116	110	5.5%
– RMB Currency Futures	26,567	27,335	-2.8%
– INR Currency Futures	270	-	-
– Gold Futures	924	815	13.4%
– Iron Ore Futures	1,865	1,842	1.2%
– London Metal Mini Futures	320	418	-23.4%
– Equity Index Options	3,163,623	3,024,552	4.6%
– Stock Options	8,271,898	7,976,026	3.7%
– RMB Currency Options	3,978	4,055	-1.9%

Year-to-date Statistics

Securities Market	Nov 2019 YTD	Nov 2018 YTD	% Change
No. of newly listed companies #	158	196	-19.4%
Average daily turnover by value ($Mil.) ^	88,158	110,383	-20.1%
Average share traded per trading day (Mil. Shares)	251,658	229,562	9.6%
Average no. of trades per trading day	1,474,199	1,625,976	-9.3%
Fund raised by IPOs ($Mil.)	273,900	261,887	4.6%
Total funds raised (including IPOs) ($Mil.)*	404,352	504,332	-19.8%
Derivatives Market	Nov 2019 YTD	Nov 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	463,715	513,940	-9.8%
– Stock Futures	3,736	3,262	14.5%
– Interest Rates Futures	1	3	-66.7%
– RMB Currency Futures	8,223	7,142	15.1%
– INR Currency Futures	379	-	-
– Gold Futures	2,318	1,420	63.2%
– Iron Ore Futures	245	40	512.5%
– London Metal Mini Futures	115	7	1542.9%
– Equity Index Options	157,761	163,592	-3.6%
– Stock Options	447,252	528,369	-15.4%
– RMB Currency Options	65	123	-47.2%
Clearing & Settlement	Nov 2019 YTD	Nov 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,473,464	1,625,309	-9.34%
Average daily number of settlement instructions (SIs) settled by CCASS	94,769	102,629	-7.66%
Average daily number of investor SIs (ISIs) settled by CCASS	232	311	-25.40%

# 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 30 November 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	133,419	2019/08/26	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	55,788	2019/09/17	46,698	2019/09/17
Mini Hang Seng Index Options	36,928	2019/08/26	66,588	2019/08/28
Stock Futures	27,966	2007/03/28	47,050	2013/03/27

Updated 30 Nov 2019