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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%

 

( ) % 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

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