HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $30.6 trillion at the end of September 2019, a decrease of 5 per cent from $32.2 trillion at the end of September 2018.
The average daily turnover of CBBCs for the first nine months of 2019 was $8.5 billion, an increase of 18 per cent when compared with $7.2 billion for the same period last year.
The average daily turnover of ETFs for the first nine months of 2019 was $4.6 billion, an increase of 7 per cent when compared with $4.3 billion for the same period last year.
The average daily turnover of debt securities for the first nine months of 2019 was $0.3 billion, an increase of 50 per cent when compared with $0.2 billion for the same period last year.

- Derivatives Market

The average daily turnover of equity index options for the first nine months of 2019 was 158,845 contacts, an increase of 0.02 per cent when compared with the 158,820 contacts for the same period last year.
The average daily turnover of Stock Futures for the first nine months of 2019 was 4,075 contracts, an increase of 60 per cent when compared with the 2,551 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first nine months of 2019 was 8,726 contracts, an increase of 17 per cent when compared with the 7,436 contracts for the same period last year.
The average daily turnover of Gold Futures for the first nine months of 2019 was 2,277 contracts, an increase of 67 per cent when compared with the 1,363 contracts for the same period last year.
On 26 September 2019, the open interest of Mini-Hang Seng China Enterprises Index Options reached a record high of 34,635 contracts.
On 17 September 2019, the turnover and the open interest of MSCI AC Asia ex Japan NTR Index Futures reached a record high of 55,788 contracts and 46,698 contracts respectively.
On 20 September 2019, the open interest of Iron Ore Futures – Monthly Contracts reached a record high of 2,256 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Sep 2019	Sep 2018	End 2018
No. of listed companies	2,395	2,268	2,315
Total market capitalisation ($Bil.)	30,642.7	32,166.6	29,909.4
No. of newly listed companies *	7	16	218
No. of listed securities	13,307	13,728	13,290
No. of equity warrants	2	2	3
No. of derivatives warrants	5,295	7,229	6,763
No. of inline warrants	412	-	-
No. of CBBCs	3,684	2,911	2,847
No. of unit trusts	153	146	149
No. of debt securities	1,347	1,155	1,195

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

Securities Market Turnover (Main Board and GEM)

	Sep 2019	Aug 2019	% Change
Monthly turnover ($Mil.) *	1,592,651	1,900,650	-16.2%
Average daily turnover by value ($Mil.) *	75,841	86,393	-12.2%
No. of trading days	21	22	-

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

Turnover by Type of Securities (Main Board and GEM)

	Sep 2019 ($Mil)	Aug 2019 ($Mil)	% Change
Equities	1,197,166.04 (75.2%)	1,425,047.67 (75.0%)	-16.0%
Derivative warrants	133,428.40 (8.4 %)	152,596.59 (8.0%)	-12.6%
CBBCs	147,849.27 (9.3%)	170,562.49 (9.0%)	-13.3%
Inline warrants	19.43 (0.0%)	23.69 (0.0%)	-18.0%
Unit Trusts (include ETFs)	110,253.39 (6.9%)	147,995.12 (7.8%)	-25.5%

( ) % 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 Sep 2019 was $22,496 million (1.4% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Sep 2019	Sep 2018	End 2018
No. of H shares	275	261	267
No. of Red chips Stocks	174	164	164
No. of Mainland private enterprises	752	690	715
Market capitalisation (% of market total)	68.3%	67.6%	67.5%
Turnover value (% of equity turnover)	76.7%	78.7%	79.5%

Index Performance

Month-end figures

	Sep 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	33711.41	1.0%	-6.7%
S&P/HKEX GEM Index	90.50	-1.1%	-50.6%
Hang Seng Index	26092.27	1.4%	-6.1%
Hang Seng China Enterprises Index	10200.97	1.2%	-7.4%
Hang Seng China-Affiliated Corporations Index*	4147.85	-0.2%	-6.8%
CES China 120 Index ^	6670.22	0.6%	5.8%
CESChina HK Mainland Index +	7192.73	1.1%	-5.4%

* - 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)
	Sep 2019	Aug 2019	% Change
Total Futures	419,758	540,050	-22.3%
Hang Seng Index Futures	182,622	231,551	-21.1%
Mini Hang Seng Index Futures	81,353	112,538	-27.7%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	124,110	157,183	-21.0%
Mini-Hang Seng China Enterprises Index Futures	12,932	17,951	-28.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	0	9	-100.0%
HSCEI Dividend Point Index Futures	891	3,117	-71.4%
HSI Volatility Index Futures	0	1	-100.0%
MSCI AC Asia ex Japan NTR Index Futures	3,303	241	1270.5%
CES China 120 Index Futures	1	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	70	162	-56.8%
Hang Seng Mainland Banks Index Futures	66	116	-43.1%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	51	81	-37.0%
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	2,939	2,488	18.1%
3-Month HIBOR Futures	0	5	-100.0%
1-Month HIBOR Futures	0	2	-100.0%
RMB Currency Futures - USD/CNH Futures	8,441	10,616	-20.5%
RMB Currency Futures - EUR/CNH Futures	16	27	-40.7%
RMB Currency Futures - JPY/CNH Futures	15	23	-34.8%
RMB Currency Futures - AUD/CNH Futures	8	30	-73.3%
RMB Currency Futures - CNH/USD Futures	26	33	-21.2%
USD Gold Futures	2,138	2,624	-18.5%
CNH Gold Futures	289	262	10.3%
Iron Ore Futures – Monthly Contracts	129	587	-78.0%
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	1	0	-
CNH London Tin Mini Futures	0	0	-
USD London Aluminium Mini Futures	99	162	-38.9%
USD London Zinc Mini Futures	0	0	-
USD London Copper Mini Futures	249	282	-11.7%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	9	2	350.0%
USD London Tin Mini Futures	0	0	-
Total Options	520,282	661,530	-21.4%
Hang Seng Index Options	49,076	73,998	-33.7%
Weekly Hang Seng Index Options *	837	0	-
Mini Hang Seng Index Options	12,874	20,104	-36.0%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	81,831	96,168	-14.9%
Weekly Hang Seng China Enterprises Index Options *	250	0	-
Mini-Hang Seng China Enterprises Index Options	3,003	3,410	-11.9%
Flexible Hang Seng China Enterprises Index Options	0	7	-100.0%
Stock Options	372,840	467,751	-20.3%
RMB Currency Futures - USD/CNH Options	88	92	-4.3%
Total Futures and Options	940,040	1,201,581	-21.8%

* Trading commenced on 16 September 2019

Clearing and Settlement

CCASS Statistics (securities market)	Sep 2019	Aug 2019	% Change
Average daily number of exchange trades settled by CCASS	1,325,506	1,490,224	-11.05%
Average daily number of settlement instructions (SIs) settled by CCASS	86,703	93,103	-6.87%
Average daily number of investor SIs (ISIs) settled by CCASS	214	256	-16.41%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.40 60.46	75.37 61.06	N/A N/A
DCASS Statistics (derivatives market)	Sep 2019	Aug 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	648,747	651,469	-0.4%
– Stock Futures	17,972	17,443	3.0%
– Interest Rates Futures	130	200	-35.0%
– RMB Currency Futures	26,774	28,191	-5.0%
– Gold Futures	911	832	9.5%
– Iron Ore Futures	2,101	2,035	3.2%
– London Metal Mini Futures	235	149	57.7%
– Equity Index Options	2,955,747	3,261,336	-9.4%
– Stock Options	7,626,463	9,382,951	-18.7%
– RMB Currency Options	4,140	4,057	2.0%

Year-to-date Statistics

Securities Market	Sep 2019 YTD	Sep 2018 YTD	% Change
No. of newly listed companies #	108	166	-34.9%
Average daily turnover by value ($Mil.) ^	90,538	114,734	-21.1%
Average share traded per trading day (Mil. Shares)	264,810	219,883	20.4%
Average no. of trades per trading day	1,513,976	1,648,034	-8.1%
Fund raised by IPOs ($Mil.)	127,767	243,126	-47.4%
Total funds raised (including IPOs) ($Mil.)*	229,532	447,442	-48.7%
Derivatives Market	Sep 2019 YTD	Sep 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	474,696	493,358	-3.8%
– Stock Futures	4,075	2,551	59.7%
– Interest Rates Futures	1	4	-75.0%
– RMB Currency Futures	8,726	7,436	17.3%
– Gold Futures	2,277	1,363	67.1%
– Iron Ore Futures	273	28	875.0%
– London Metal Mini Futures	90	8	1025.0%
– Equity Index Options	158,845	158,820	0.0%
– Stock Options	463,975	533,972	-13.1%
– RMB Currency Options	72	105	-31.4%
Clearing & Settlement	Sep 2019 YTD	Sep 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,513,226	1,647,388	-8.14%
Average daily number of settlement instructions (SIs) settled by CCASS	96,126	104,224	-7.77%
Average daily number of investor SIs (ISIs) settled by CCASS	239	334	-28.44%

# 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 September 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 Sep 2019