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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

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