HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $36.2 trillion at the end of February 2020, an increase of 10 per cent from $33.0 trillion for the same period last year.
The average daily turnover in February 2020 was $115.1 billion an increase of 9 per cent from $105.7 billion for the same period last year.
The average daily turnover for the first two months of 2020 was $109.5 billion, an increase of 14 per cent when compared with $95.9 billion for the same period last year.
The average daily turnover of ETFs for the first two months of 2020 was $6.3 billion, an increase of 70 per cent when compared with $3.7 billion for the same period last year.
There were 24* newly listed companies for the first two months of 2020, no change when compared with 24* for the same period last year.
Total funds raised for the first two months of 2020 was $61.9 billion, an increase of 170 per cent when compared with $22.9 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first two months of 2020 was 1,178,709 contracts, an increase of 4 per cent when compared with the 1,133,357 contracts for the same period last year.
The average daily turnover of equity index options for the first two months of 2020 was 173,124 contacts, an increase of 12 per cent when compared with the 154,785 contacts for the same period last year.
The average daily turnover of Stock Options for the first two months of 2020 was 520,048 contracts, an increase of 6 per cent when compared with the 491,881 contracts for the same period last year.
On 6 and 7 February 2020, the turnover and open interest of Weekly Hang Seng Index Options reached a record high of 17,027 contracts and 12,638 contracts respectively.
On 28 and 20 February 2020, the turnover and open interest of INR Currency Futures - INR/USD Futures reached a record high of 2,910 contracts and 1,278 contracts respectively.
On 27 February 2020, the open interest of Iron Ore Futures – Monthly Contracts reached a record high of 2,871 contracts.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Feb 2020	Feb 2019	End of 2019
No. of listed companies	2,466	2,331	2,449
Total market capitalisation ($Bil.)	36,207.4	33,044.6	38,165.0
No. of newly listed companies *	2	11	25
No. of listed securities	13,964	13,970	12,795
No. of equity warrants	3	3	3
No. of derivatives warrants	5,172	6,630	4,571
No. of inline warrants	919	-	922
No. of CBBCs	3,830	3,616	3,298
No. of unit trusts	144	149	148
No. of debt securities	1,414	1,223	1,388

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

Securities Market Turnover (Main Board and GEM)

	Feb 2020	Jan 2020	% Change
Monthly turnover ($Mil.) *	2,302,454	2,078,682	10.8%
Average daily turnover by value ($Mil.) *	115,123	103,934	10.8%
No. of trading days	20	20	-

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

Turnover by Type of Securities (Main Board and GEM)

	Feb 2020 ($Mil)	Jan 2020 ($Mil)	% Change
Equities	1,731,371.16 (75.2%)	1,575,076.81 (75.8%)	9.9%
Derivative warrants	162,029.14 (7.0%)	190,840.93 (9.2%)	-15.1%
CBBCs	219,974.49 (9.6%)	169,242.42 (8.1%)	30.0%
Inline warrants	60.47 (0.0%)	99.98 (0.0%)	-39.5%
Unit trusts	185,478.67 (8.1%)	139,023.11 (6.7%)	33.4%

Feb 2020

($Mil)

Jan 2020

($Mil)

% Change

Equities

1,731,371.16

(75.2%)

1,575,076.81

(75.8%)

9.9%

Derivative warrants

162,029.14

(7.0%)

190,840.93

(9.2%)

-15.1%

CBBCs

219,974.49

(9.6%)

169,242.42

(8.1%)

30.0%

Inline warrants

60.47

(0.0%)

99.98

(0.0%)

-39.5%

Unit trusts

185,478.67

(8.1%)

139,023.11

(6.7%)

33.4%

( ) % 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 Feb 2020 was $ 27,484 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Feb 2020	Feb 2019	End of 2019
No. of H shares	284	268	284
No. of Red chips Stocks	178	173	173
No. of Mainland private enterprises	794	722	784
Market capitalisation (% of market total)	74.0%	73.3%	73.2%
Turnover value (% of equity turnover)	83.7%	82.5%	79.0%

Index Performance

Month-end figures

	Feb 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	35,170.77	0.3%	-4.8%
S&P/HKEX GEM Index	86.00	10.0%	-36.1%
Hang Seng Index	26,129.93	-0.7%	-8.7%
Hang Seng China Enterprises Index	10,302.36	0.6%	-9.4%
Hang Seng China-Affiliated Corporations Index*	4,033.53	-1.6%	-9.5%
CES China 120 Index ^	6,672.18	-1.5%	3.0%
CESChina HK Mainland Index +	7,419.42	0.7%	-4.1%

* - 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)
	Feb 2020	Jan 2020	% Change
Total Futures	520,954	450,002	15.8%
Hang Seng Index Futures	207,255	186,425	11.2%
Mini Hang Seng Index Futures	114,199	87,078	31.1%
HSI (Gross Total Return Index) Futures	2	2	0.0%
HSI (Net Total Return Index) Futures	2	2	0.0%
Hang Seng China Enterprises Index Futures	161,972	143,877	12.6%
Mini-Hang Seng China Enterprises Index Futures	17,745	12,746	39.2%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	83	99	-16.2%
HSCEI Dividend Point Index Futures	2,546	3,420	-25.6%
HSI Volatility Index Futures	3	3	0.0%
MSCI AC Asia ex Japan NTR Index Futures	693	936	-26.0%
CES China 120 Index Futures	2	0	-
Hang Seng Mainland Oil & Gas Index Futures	75	105	-28.6%
Hang Seng Mainland Banks Index Futures	18	7	157.1%
Hang Seng Mainland Properties Index Futures	18	2	800.0%
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	4,989	4,370	14.2%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	1	0	-
RMB Currency Futures - USD/CNH Futures	7,986	7,554	5.7%
RMB Currency Futures - EUR/CNH Futures	2	2	0.0%
RMB Currency Futures - JPY/CNH Futures	3	2	50.0%
RMB Currency Futures - AUD/CNH Futures	5	2	150.0%
RMB Currency Futures - CNH/USD Futures	6	8	-25.0%
INR Currency Futures - INR/USD Futures	1,003	548	83.0%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	1,203	1,579	-23.8%
CNH Gold Futures	0	337	-100.0%
Iron Ore Futures – Monthly Contracts	494	189	161.4%
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	106	220	-51.8%
USD London Zinc Mini Futures	175	143	22.4%
USD London Copper Mini Futures	294	169	74.0%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	76	175	-56.6%
USD London Tin Mini Futures	0	0	-
Total Options	695,925	690,538	0.8%
Hang Seng Index Options	55,995	52,565	6.5%
Mini Hang Seng Index Options	17,216	14,334	20.1%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	94,618	89,986	5.1%
Mini-Hang Seng China Enterprises Index Options	2,613	2,386	9.5%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Weekly Hang Seng Index Options	6,423	5,786	11.0%
Weekly Hang Seng China Enterprises Index Options	2,312	2,017	14.6%
Stock Options	516,665	523,431	-1.3%
RMB Currency Futures - USD/CNH Options	85	34	150.0%
Total Futures and Options	1,216,879	1,140,540	6.7%

Clearing and Settlement

CCASS Statistics (securities market)	Feb 2020	Jan 2020	% Change
Average daily number of exchange trades settled by CCASS	1,727,013	1,532,051	12.73%
Average daily number of settlement instructions (SIs) settled by CCASS	104,167	105,115	-0.90%
Average daily number of investor SIs (ISIs) settled by CCASS	218	262	-16.79%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.90	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.11 56.53	75.06 56.38	N/A N/A
DCASS Statistics (derivatives market)	Feb 2020	Jan 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	629,712	648,197	-2.9%
– Stock Futures	28,213	20,272	39.2%
– Interest Rates Futures	64	60	6.7%
– RMB Currency Futures	27,678	24,721	12.0%
– INR Currency Futures	580	865	-32.9%
– Gold Futures	1,053	927	13.6%
– Iron Ore Futures	2,635	2,007	31.3%
– London Metal Mini Futures	749	654	14.5%
– Equity Index Options	2,883,100	2,572,111	12.1%
– Stock Options	9,329,148	8,054,819	15.8%
– RMB Currency Options	3,123	1,938	61.1%

Year-to-date Statistics

Securities Market	Feb 2020 YTD	Feb 2019 YTD	% Change
No. of newly listed companies #	24	24	0.0%
Average daily turnover by value ($Mil.) ^	109,528	95,927	14.2%
Average share traded per trading day (Mil. Shares)	224,516	347,530	-35.4%
Average no. of trades per trading day	1,631,428	1,611,325	1.2%
Fund raised by IPOs ($Mil.)	9,241	11,010	-16.1%
Total funds raised (including IPOs) ($Mil.)*	61,859	22,904	170.1%
Derivatives Market	Feb 2020 YTD	Feb 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	469,657	470,931	-0.3%
– Stock Futures	4,680	5,299	-11.7%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	7,785	8,670	-10.2%
– INR Currency Futures	775	-	-
– Gold Futures	1,560	1,656	-5.8%
– Iron Ore Futures	342	56	510.7%
– London Metal Mini Futures	679	1	67800.0%
– Equity Index Options	173,124	154,785	11.8%
– Stock Options	520,048	491,881	5.7%
– RMB Currency Options	59	78	-24.4%
Clearing & Settlement	Feb 2020 YTD	Feb 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,629,532	1,610,763	1.17%
Average daily number of settlement instructions (SIs) settled by CCASS	104,629	99,308	5.36%
Average daily number of investor SIs (ISIs) settled by CCASS	240	240	0.00%

# 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 29 February 2020

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	2020/01/17	39,777,043,764,701
2	2020/01/16	39,551,319,127,028
3	2020/01/20	39,488,778,510,620
4	2020/01/14	39,469,416,334,434
5	2020/01/13	39,463,243,881,100
6	2020/01/15	39,394,950,543,287
7	2020/01/10	39,021,167,900,526
8	2020/01/22	38,987,601,396,951
9	2020/01/09	38,879,245,130,409
10	2020/01/02	38,669,079,848,318

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	56,378	2019/12/16	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 29 Feb 2020