HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $38.2 trillion at the end of December 2019, an increase of 28 per cent from $29.9 trillion at the end of December 2018.
On 30 December 2019, market capitalisation reached a record high of $38.4 trillion.
The Hang Seng Index ended 2019 at 28,189.8, representing a year-on-year increase of 9 per cent.
The average daily turnover in December 2019 was $75.8 billion, an increase of 5 per cent from $71.9 billion in December 2018.
The average daily turnover of CBBCs in 2019 was $8.1 billion, an increase of 8 per cent when compared with $7.5 billion in 2018.
The average daily turnover of ETFs in 2019 was $4.4 billion, an increase of 10 per cent when compared with $4.0 billion in 2018.
The average daily turnover of debt securities in 2019 was $0.25 billion, an increase of 25 per cent when compared with $0.20 billion in 2018.
There were 183* newly listed companies in 2019, a decrease of 16 per cent when compared with 218* in 2018.
Funds raised through IPOs in 2019 was $312.9 billion, an increase of 9 per cent when compared with $288.0 billion in 2018.

- Derivatives Market

The average daily turnover of futures and options in 2019 was 1,068,641 contracts, a decrease of 11 per cent when compared with 1,203,996 contracts in 2018.
The average daily turnover of Stock Futures in 2019 was 3,729 contracts, an increase of 6 per cent when compared with 3,508 contracts in 2018.
The average daily turnover of RMB Currency Futures in 2019 was 8,042 contracts, an increase of 11 per cent when compared with 7,235 contracts in 2018.
The average daily turnover of Gold Futures in 2019 was 2,330 contracts, an increase of 63 per cent when compared with 1,430 contracts in 2018.
On 16 December 2019, the turnover of MSCI AC Asia ex Japan NTR Index Futures reached a record high of 56,378 contracts.
On 9 December 2019, the turnover of RMB Currency Futures - CNH/USD Futures reached a record high of 1,612 contracts.
On 27 December 2019, the open interest of USD Gold Futures reached a record high of 1,272 contracts.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Dec 2019	Dec 2018	End 2018
No. of listed companies	2,449	2,315	2,315
Total market capitalisation ($Bil.)	38,165.0	29,909.4	29,909.4
No. of newly listed companies *	25	22	218
No. of listed securities	12,795	13,290	13,290
No. of equity warrants	3	3	3
No. of derivatives warrants	4,571	6,763	6,763
No. of inline warrants	922	-	-
No. of CBBCs	3,298	2,847	2,847
No. of unit trusts	148	149	149
No. of debt securities	1,388	1,195	1,195

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

Securities Market Turnover (Main Board and GEM)

	Dec 2019	Nov 2019	% Change
Monthly turnover ($Mil.) *	1,516,361	1,671,008	-9.3%
Average daily turnover by value ($Mil.) *	75,818	79,572	-4.7%
No. of trading days	20	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Dec 2019 ($Mil)	Nov 2019 ($Mil)	% Change
Equities	1,177,119.33 (77.6%)	1,298,185.47 (77.7%)	-9.3%
Derivative warrants	112,458.02 (7.4%)	119,534.14 (7.2%)	-5.9%
CBBCs	127,430.41 (8.4%)	140,428.14 (8.4%)	-9.3%
Inline warrants	31.81 (0.0%)	20.20 (0.0%)	57.5%
Unit trusts	94,376.20 (6.2%)	108,405.70 (6.5%)	-12.9%

( ) % 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 Dec 2019 was $18,529 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Dec 2019	Dec 2018	End 2018
No. of H shares	284	267	267
No. of Red chips Stocks	173	164	164
No. of Mainland private enterprises	784	715	715
Market capitalisation (% of market total)	73.3%	67.5%	67.5%
Turnover value (% of equity turnover)	82.5%	79.1%	79.5%

Index Performance

Month-end figures

	Dec 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	37103.19	7.2%	10.4%
S&P/HKEX GEM Index	79.44	1.4%	-45.6%
Hang Seng Index	28189.75	7.0%	9.1%
Hang Seng China Enterprises Index	11168.06	8.4%	10.3%
Hang Seng China-Affiliated Corporations Index*	4537.76	9.0%	8.8%
CES China 120 Index ^	7164.18	7.3%	26.6%
CESChina HK Mainland Index +	7977.7	8.7%	14.6%

* - 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 2019	Nov 2019	% Change
Total Futures	382,175	432,063	-11.5%
Hang Seng Index Futures	158,649	187,694	-15.5%
Mini Hang Seng Index Futures	70,062	83,175	-15.8%
HSI (Gross Total Return Index) Futures	2	0	-
HSI (Net Total Return Index) Futures	2	0	-
Hang Seng China Enterprises Index Futures	123,921	134,149	-7.6%
Mini-Hang Seng China Enterprises Index Futures	11,120	11,928	-6.8%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	60	-100.0%
HSCEI Dividend Point Index Futures	2,320	2,794	-17.0%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	3,512	935	275.6%
CES China 120 Index Futures	0	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	46	50	-8.0%
Hang Seng Mainland Banks Index Futures	34	32	6.3%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	20	33	-39.4%
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	3,652	2,520	44.9%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	5,888	5,768	2.1%
RMB Currency Futures - EUR/CNH Futures	4	13	-69.2%
RMB Currency Futures - JPY/CNH Futures	5	9	-44.4%
RMB Currency Futures - AUD/CNH Futures	4	9	-55.6%
RMB Currency Futures - CNH/USD Futures	90	11	718.2%
INR Currency Futures - INR/USD Futures *	178	379	-53.0%
INR Currency Futures - INR/CNH Futures *	0	0	-
USD Gold Futures	2,134	2,003	6.5%
CNH Gold Futures	336	194	73.2%
Iron Ore Futures – Monthly Contracts	23	129	-82.2%
Iron Ore Futures – Quarterly Contracts	0	0	-
CNH London Aluminium Mini Futures	0	1	-100.0%
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	43	83	-48.2%
USD London Zinc Mini Futures	0	0	-
USD London Copper Mini Futures	126	104	21.2%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	5	6	-16.7%
USD London Tin Mini Futures	0	0	-
Total Options	518,940	514,234	0.9%
Hang Seng Index Options	39,100	51,211	-23.6%
Mini Hang Seng Index Options	11,546	15,951	-27.6%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	74,256	80,156	-7.4%
Mini-Hang Seng China Enterprises Index Options	2,708	3,317	-18.4%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Weekly Hang Seng Index Options ^	3,303	4,658	-29.1%
Weekly Hang Seng China Enterprises Index Options ^	1,252	1,997	-37.3%
Stock Options	386,743	356,896	8.4%
RMB Currency Futures - USD/CNH Options	32	50	-36.0%
Total Futures and Options	901,114	946,297	-4.8%

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

Clearing and Settlement

CCASS Statistics (securities market)	Dec 2019	Nov 2019	% Change
Average daily number of exchange trades settled by CCASS	1,211,259	1,327,452	-8.75%
Average daily number of settlement instructions (SIs) settled by CCASS	94,620	93,371	1.34%
Average daily number of investor SIs (ISIs) settled by CCASS	236	203	16.26%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.41 56.79	75.13 56.45	N/A N/A
DCASS Statistics (derivatives market)	Dec 2019	Nov 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	604,384	662,831	-8.8%
– Stock Futures	27,277	21,624	26.1%
– Interest Rates Futures	60	116	-48.3%
– RMB Currency Futures	24,636	26,567	-7.3%
– INR Currency Futures	175	270	-35.2%
– Gold Futures	1,137	924	23.1%
– Iron Ore Futures	1,685	1,865	-9.7%
– London Metal Mini Futures	353	320	10.3%
– Equity Index Options	2,334,663	3,163,623	-26.2%
– Stock Options	6,702,538	8,271,898	-19.0%
– RMB Currency Options	1,643	3,978	-58.7%

Year-to-date Statistics

Securities Market	Dec 2019 YTD	Dec 2018 YTD	% Change
No. of newly listed companies #	183	218	-16.1%
Average daily turnover by value ($Mil.) ^	87,155	107,410	-18.9%
Average share traded per trading day (Mil. Shares)	244,705	226,207	8.2%
Average no. of trades per trading day	1,452,874	1,596,792	-9.0%
Fund raised by IPOs ($Mil.)	312,888	288,006	8.6%
Total funds raised (including IPOs) ($Mil.)*	451,982	544,135	-16.9%
Derivatives Market	Dec 2019 YTD	Dec 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	456,071	511,547	-10.8%
– Stock Futures	3,729	3,508	6.3%
– Interest Rates Futures	1	3	-66.7%
– RMB Currency Futures	8,042	7,235	11.2%
– INR Currency Futures	278	-	-
– Gold Futures	2,330	1,430	62.9%
– Iron Ore Futures	227	39	482.1%
– London Metal Mini Futures	120	7	1,614.3%
– Equity Index Options	155,680	162,710	-4.3%
– Stock Options	442,333	517,395	-14.5%
– RMB Currency Options	63	122	-48.4%
Clearing & Settlement	Dec 2019 YTD	Dec 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,452,146	1,596,128	-9.02%
Average daily number of settlement instructions (SIs) settled by CCASS	94,758	102,842	-7.86%
Average daily number of investor SIs (ISIs) settled by CCASS	232	304	-23.68%

# 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 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	2019/12/30	38,361,973,635,413
2	2019/12/27	38,291,318,127,795
3	2019/12/31	38,165,037,412,109
4	2019/12/24	37,849,688,956,333
5	2019/12/23	37,827,553,156,042
6	2018/01/26	37,715,721,713,817
7	2019/12/20	37,710,324,025,804
8	2019/12/18	37,679,008,222,802
9	2019/12/17	37,651,181,122,808
10	2019/12/19	37,626,357,512,985

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 31 Dec 2019