HKEX Monthly Market Highlights

Highlights

- Securities Market

The average daily turnover in May 2019 was $97.4 billion, a decrease of 7 per cent from $104.6 billion in May 2018.
Funds raised through IPOs for the first five months of 2019 was $44.1 billion, an increase of 22 per cent when compared with $36.1 billion for the same period last year.
The average daily turnover of CBBCs for the first five months of 2019 was $9.5 billion, an increase of 16 per cent when compared with $8.2 billion for the same period last year.
The average daily turnover of debt securities for the first five 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.
On 6 May 2019, Northbound Trading under Stock Connect hit a new record with turnover of RMB77.4 billion.

- Derivatives Market

The average daily turnover of Stock Futures for the first five months of 2019 was 5,006 contracts, an increase of 303 per cent when compared with the 1,241 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first five months of 2019 was 8,664 contracts, an increase of 60 per cent when compared with the 5,429 contracts for the same period last year.
The average daily turnover of equity index futures for the first five months of 2019 was 497,847 contacts, an increase of 2 per cent when compared with the 485,997 contacts for the same period last year.
On 8 and 29 May 2019, the turnover and the open interest of MSCI AC Asia ex Japan NTR Index Futures reached a record high of 4,260 contract and 8,646 contracts respectively.
On 29 May 2019, the open interest of Mini-Hang Seng China Enterprises Index Options reached a record high of 30,108 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	May 2019	May 2018	End 2018
No. of listed companies	2,365	2,201	2,315
Total market capitalisation ($Bil.)	31,039.5	35,008.4	29,909.4
No. of newly listed companies *	14	16	218
No. of listed securities	13,930	14,029	13,290
No. of equity warrants	3	3	3
No. of derivatives warrants	6,285	7,240	6,763
No. of CBBCs	3,845	3,304	2,847
No. of unit trusts	148	147	149
No. of debt securities	1,266	1,117	1,195

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

Securities Market Turnover (Main Board and GEM)

	May 2019	Apr 2019	% Change
Monthly turnover ($Mil.) *	2,045,495	1,978,957	3.4%
Average daily turnover by value ($Mil.) *	97,405	104,156	-6.5%
No. of trading days	21	19	-

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

Turnover by Type of Securities (Main Board and GEM)

	May 2019 ($Mil)	Apr 2019 ($Mil)	% Change
Equities	1,478,551.79 (72.3%)	1,458,794.12 (73.7%)	1.4%
Derivative warrants	220,833.85 (10.8%)	236,987.31 (12.0%)	-6.8%
CBBCs	189,193.14 (9.2%)	160,843.11 (8.1%)	17.6%
Unit Trusts (include ETFs)	150,443.36 (7.4%)	117,897.12 (6.0%)	27.6%

( ) % 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 May 2019 was $29,424 million (1.4% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	May 2019	May 2018	End 2018
No. of H shares	272	254	267
No. of Red chips Stocks	174	164	164
No. of Mainland private enterprises	737	658	715
Market capitalisation (% of market total)	67.6%	67.0%	67.5%
Turnover value (% of equity turnover)	79.2%	79.6%	79.5%

Index Performance

Month-end figures

	May 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	34751.27	-9.1%	-11.8%
S&P/HKEX GEM Index	108.45	-13.7%	-57.2%
Hang Seng Index	26901.09	-9.4%	-11.7%
Hang Seng China Enterprises Index	10387.17	-10.0%	-13.3%
Hang Seng China-Affiliated Corporations Index*	4285.86	-6.6%	-7.0%
CES China 120 Index ^	6374.08	-8.1%	-3.8%
CESChina HK Mainland Index +	7232.64	-10.4%	-14.4%

* - 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)
	May 2019	Apr 2019	% Change
Total Futures	568,290	495,198	14.8%
Hang Seng Index Futures	248,782	233,662	6.5%
Mini Hang Seng Index Futures	110,595	90,082	22.8%
HSI (Gross Total Return Index) Futures	2	1	100.0%
HSI (Net Total Return Index) Futures	2	0	-
Hang Seng China Enterprises Index Futures	168,569	139,387	20.9%
Mini-Hang Seng China Enterprises Index Futures	17,628	17,042	3.4%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	27	91	-70.3%
HSCEI Dividend Point Index Futures	4,144	1,536	169.8%
HSI Volatility Index Futures	0	1	-100.0%
MSCI AC Asia ex Japan NTR Index Futures	349	157	122.3%
CES China 120 Index Futures	0	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	192	143	34.3%
Hang Seng Mainland Banks Index Futures	99	101	-2.0%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	65	78	-16.7%
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	5,025	4,420	13.7%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	1	0	-
RMB Currency Futures - USD/CNH Futures	9,924	6,053	64.0%
RMB Currency Futures - EUR/CNH Futures	101	112	-9.8%
RMB Currency Futures - JPY/CNH Futures	71	44	61.4%
RMB Currency Futures - AUD/CNH Futures	107	95	12.6%
RMB Currency Futures - CNH/USD Futures	60	61	-1.6%
USD Gold Futures	2,024	1,699	19.1%
CNH Gold Futures	443	356	24.4%
Iron Ore Futures – Monthly Contracts	77	74	4.1%
Iron Ore Futures – Quarterly Contracts	0	0	-
London Aluminium Mini Futures	0	0	-
London Zinc Mini Futures	1	2	-50.0%
London Copper Mini Futures	0	0	-
London Lead Mini Futures	0	0	-
London Nickel Mini Futures	0	0	-
London Tin Mini Futures	0	0	-
Total Options	740,504	639,774	15.7%
Hang Seng Index Options	55,781	45,224	23.3%
Mini Hang Seng Index Options	13,833	11,958	15.7%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	108,156	74,691	44.8%
Mini-Hang Seng China Enterprises Index Options	2,588	2,896	-10.6%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	560,039	504,937	10.9%
RMB Currency Futures - USD/CNH Options	107	68	57.4%
Total Futures and Options	1,308,795	1,134,971	15.3%

Clearing and Settlement

CCASS Statistics (securities market)	May 2019	Apr 2019	% Change
Average daily number of exchange trades settled by CCASS	1,635,838	1,643,504	-0.47%
Average daily number of settlement instructions (SIs) settled by CCASS	102,345	105,562	-3.05%
Average daily number of investor SIs (ISIs) settled by CCASS	248	279	-11.11%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.92	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.85 60.24	75.90 60.39	N/A N/A
DCASS Statistics (derivatives market)	May 2019	Apr 2019	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	643,379	702,727	-8.4%
– Stock Futures	21,154	21,153	0.0%
– Interest Rates Futures	117	110	6.4%
– RMB Currency Futures	34,502	35,364	-2.4%
– Gold Futures	1,073	578	85.6%
– Iron Ore Futures	1,161	797	45.7%
– London Metal Mini Futures	3	4	-25.0%
– Equity Index Options	3,271,033	2,907,369	12.5%
– Stock Options	9,481,533	8,653,467	9.6%
– RMB Currency Options	4,230	4,312	-1.9%

Year-to-date Statistics

Securities Market	May 2019 YTD	May 2018 YTD	% Change
No. of newly listed companies #	64	93	-31.2%
Average daily turnover by value ($Mil.) ^	100,877	130,340	-22.6%
Average share traded per trading day (Mil. Shares)	309,680	235,683	31.4%
Average no. of trades per trading day	1,643,267	1,744,097	-5.8%
Fund raised by IPOs ($Mil.)	44,129	36,089	22.3%
Total funds raised (including IPOs) ($Mil.)*	105,961	162,974	-35.0%
Derivatives Market	May 2019 YTD	May 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	497,847	485,997	2.4%
– Stock Futures	5,006	1,241	303.4%
– Interest Rates Futures	0	2	-100.0%
– RMB Currency Futures	8,664	5,429	59.6%
– Gold Futures	1,879	1,591	18.1%
– Iron Ore Futures	63	39	61.5%
– London Metal Mini Futures	1	12	-91.7%
– Equity Index Options	159,090	159,716	-0.4%
– Stock Options	530,384	591,572	-10.3%
– RMB Currency Options	74	28	164.3%
Clearing & Settlement	May 2019 YTD	May 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,642,568	1,743,449	-5.79%
Average daily number of settlement instructions (SIs) settled by CCASS	102,204	108,481	-5.79%
Average daily number of investor SIs (ISIs) settled by CCASS	256	385	-33.51%

# 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 May 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	130,998	2018/01/23	594,941	2017/11/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
Stock Futures	27,966	2007/03/28	47,050	2013/03/27
HSCEI Dividend Point Index Futures	27,501	2017/02/14	184,626	2016/12/13
Mini Hang Seng Index Options	25,534	2018/11/02	48,450	2018/11/28

Updated 31 May 2019