HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $35.0 trillion at the end of April 2020, an increase of 2 per cent from $34.3 trillion for the same period last year.
The average daily turnover in April 2020 was $100.5 billion, a decrease of 4 per cent from $104.2 billion for the same period last year.
The average daily turnover for the first four months of 2020 was $116.1 billion, an increase of 14 per cent when compared with $101.8 billion for the same period last year.
The average daily turnover of ETFs for the first four months of 2020 was $5.9 billion, an increase of 28 per cent when compared with $4.6 billion for the same period last year.
Total funds raised for the first four months of 2020 was $112.6 billion, an increase of 24 per cent when compared with $90.9 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first four months of 2020 was 1,218,811 contracts, an increase of 4 per cent when compared with the 1,174,889 contracts for the same period last year.
The average daily turnover of equity index futures for the first four months of 2020 was 525,190 contacts, an increase of 9 per cent when compared with the 483,863 contacts for the same period last year.
The average daily turnover of equity index options for the first four months of 2020 was 176,935 contacts, an increase of 15 per cent when compared with the 153,437 contacts for the same period last year.

Listed Securities (Main Board and GEM)

Month-end figures

	Apr 2020	Apr 2019	End of 2019
No. of listed companies	2,477	2,353	2,449
Total market capitalisation ($Bil.)	35,024.5	34,344.4	38,165.0
No. of newly listed companies *	8	7	25
No. of listed securities	15,131	14,349	12,795
No. of equity warrants	3	3	3
No. of derivatives warrants	5,702	6,416	4,571
No. of inline warrants	857	-	922
No. of CBBCs	4,523	4,145	3,298
No. of unit trusts	144	149	148
No. of debt securities	1,408	1,265	1,388

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

Securities Market Turnover (Main Board and GEM)

	Apr 2020	Mar 2020	% Change
Monthly turnover ($Mil.) *	1,909,446	3,117,403	-38.7%
Average daily turnover by value ($Mil.) *	100,497	141,700	-29.1%
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)

	Apr 2020 ($Mil)	Mar 2020 ($Mil)	% Change
Equities	1,457,151.52 (76.3%)	2,553,050.44 (81.9%)	-42.9%
Derivative warrants	132,931.68 (7.0%)	146,093.87 (4.7%)	-9.0%
CBBCs	179,251.19 (9.4%)	200,450.67 (6.4%)	-10.6%
Inline warrants	95.56 (0.0%)	118.04 (0.0%)	-19.0%
Unit trusts	134,931.03 (7.1%)	210,528.27 (6.8%)	-35.9%

Apr 2020

($Mil)

Mar 2020

($Mil)

% Change

Equities

1,457,151.52

(76.3%)

2,553,050.44

(81.9%)

-42.9%

Derivative warrants

132,931.68

(7.0%)

146,093.87

(4.7%)

-9.0%

CBBCs

179,251.19

(9.4%)

200,450.67

(6.4%)

-10.6%

Inline warrants

95.56

(0.0%)

118.04

(0.0%)

-19.0%

Unit trusts

134,931.03

(7.1%)

210,528.27

(6.8%)

-35.9%

( ) % 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 Apr 2020 was $ 25,279 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Apr 2020	Apr 2019	End of 2019
No. of H shares	282	272	284
No. of Red chips Stocks	177	173	173
No. of Mainland private enterprises	799	730	784
Market capitalisation (% of market total)	75.8%	68.3%	73.2%
Turnover value (% of equity turnover)	81.2%	81.1%	79.0%

Index Performance

Month-end figures

	Apr 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	34430.65	6.2%	-10.0%
S&P/HKEX GEM Index	77.84	-1.0%	-38.0%
Hang Seng Index	24643.59	4.4%	-17.0%
Hang Seng China Enterprises Index	10040.87	4.6%	-13.0%
Hang Seng China-Affiliated Corporations Index*	3863.82	7.6%	-15.8%
CES China 120 Index ^	6701.48	5.5%	-3.4%
CESChina HK Mainland Index +	7266.82	5.2%	-10.0%

* - 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)
	Apr 2020	Mar 2020	% Change
Total Futures	429,267	733,489	-41.5%
Hang Seng Index Futures	154,078	235,272	-34.5%
Mini Hang Seng Index Futures	117,259	199,662	-41.3%
HSI (Gross Total Return Index) Futures	0	1	-100.0%
HSI (Net Total Return Index) Futures	0	1	-100.0%
Hang Seng China Enterprises Index Futures	129,763	236,449	-45.1%
Mini-Hang Seng China Enterprises Index Futures	18,078	37,243	-51.5%
HSCEI (Gross Total Return Index) Futures	1	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	29	232	-87.5%
HSCEI Dividend Point Index Futures	1,891	5,069	-62.7%
HSI Volatility Index Futures	0	3	-100.0%
MSCI AC Asia ex Japan NTR Index Futures	215	1,672	-87.1%
CES China 120 Index Futures	0	1	-100.0%
Hang Seng Mainland Oil & Gas Index Futures	90	127	-29.1%
Hang Seng Mainland Banks Index Futures	4	23	-82.6%
Hang Seng Mainland Properties Index Futures	2	33	-93.9%
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	2,848	5,646	-49.6%
3-Month HIBOR Futures	4	7	-42.9%
1-Month HIBOR Futures	1	0	-
RMB Currency Futures - USD/CNH Futures	4,059	9,494	-57.2%
RMB Currency Futures - EUR/CNH Futures	0	2	-100.0%
RMB Currency Futures - JPY/CNH Futures	2	3	-33.3%
RMB Currency Futures - AUD/CNH Futures	6	8	-25.0%
RMB Currency Futures - CNH/USD Futures	5	13	-61.5%
INR Currency Futures - INR/USD Futures	450	1,223	-63.2%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	10	110	-90.9%
CNH Gold Futures	0	1	-100.0%
Iron Ore Futures – Monthly Contracts	367	717	-48.8%
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	51	147	-65.3%
USD London Zinc Mini Futures	28	112	-75.0%
USD London Copper Mini Futures	26	167	-84.4%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	54	-100.0%
USD London Tin Mini Futures	0	0	-
Total Options	530,462	781,985	-32.2%
Hang Seng Index Options	32,489	55,274	-41.2%
Mini Hang Seng Index Options	10,150	17,596	-42.3%
Weekly Hang Seng Index Options	2,510	3,520	-28.7%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	95,172	132,698	-28.3%
Mini-Hang Seng China Enterprises Index Options	1,544	2,856	-45.9%
Weekly Hang Seng China Enterprises Index Options	1,067	1,288	-17.2%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	387,508	568,696	-31.9%
RMB Currency Options - USD/CNH Options	22	58	-62.1%
Total Futures and Options	959,729	1,515,474	-36.7%

Clearing and Settlement

CCASS Statistics (securities market)	Apr 2020	Mar 2020	% Change
Average daily number of exchange trades settled by CCASS	1,716,519	2,287,164	-24.95%
Average daily number of settlement instructions (SIs) settled by CCASS	104,425	126,367	-17.36%
Average daily number of investor SIs (ISIs) settled by CCASS	257	344	-25.29%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.92	99.76	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.81 57.13	75.14 57.59	N/A N/A
DCASS Statistics (derivatives market)	Apr 2020	Mar 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	603,874	605,490	-0.3%
– Stock Futures	13,870	17,964	-22.8%
– Interest Rates Futures	184	170	8.2%
– RMB Currency Futures	23,999	25,705	-6.6%
– INR Currency Futures	148	266	-44.4%
– Gold Futures	368	454	-18.9%
– Iron Ore Futures	3,339	3,148	6.1%
– London Metal Mini Futures	135	314	-57.0%
– Equity Index Options	2,936,656	3,026,868	-3.0%
– Stock Options	8,207,211	8,420,294	-2.5%
– RMB Currency Options	2,889	2,708	6.7%

Year-to-date Statistics

Securities Market	Apr 2020 YTD	Apr 2019 YTD	% Change
No. of newly listed companies #	47	50	-6.0%
Average daily turnover by value ($Mil.) ^	116,148	101,800	14.1%
Average share traded per trading day (Mil. Shares)	198,817	321,819	-38.2%
Average no. of trades per trading day	1,830,348	1,645,033	11.3%
Fund raised by IPOs ($Mil.)	17,800	32,807	-45.7%
Total funds raised (including IPOs) ($Mil.)*	112,551	90,888	23.8%
Derivatives Market	Apr 2020 YTD	Apr 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	525,190	483,863	8.5%
– Stock Futures	4,512	5,000	-9.8%
– Interest Rates Futures	3	0	-
– RMB Currency Futures	7,385	8,239	-10.4%
– INR Currency Futures	821	-	-
– Gold Futures	803	1,723	-53.4%
– Iron Ore Futures	450	59	662.7%
– London Metal Mini Futures	490	1	48900.0%
– Equity Index Options	176,935	153,437	15.3%
– Stock Options	502,171	522,501	-3.9%
– RMB Currency Options	50	65	-23.1%
Clearing & Settlement	Apr 2020 YTD	Apr 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,828,552	1,644,357	11.20%
Average daily number of settlement instructions (SIs) settled by CCASS	110,558	102,166	8.21%
Average daily number of investor SIs (ISIs) settled by CCASS	272	258	5.43%

# 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 April 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	298,812	2020/03/19	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 30 Apr 2020