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HKEX Monthly Market Highlights

Highlights

- Securities Market

  • Market capitalisation was $33 trillion at the end of February 2019, an increase of 3 per cent from $32 trillion at the end of January 2019, and a decrease of 6 per cent from $35 trillion at the end of February 2018.
  • The average daily turnover in February 2019 was $105.7 billion, an increase of 20 per cent when compared with $88.4 billion in January 2019, and a decrease of 27 per cent from $144.8 billion in February 2018.
  • The average daily turnover of derivative warrants in February 2019 was $17.0 billion, an increase of 7 per cent when compared with $15.9 billion in January 2019.
  • The average daily turnover of ETFs in February 2019 was $4.8 billion, an increase of 71 per cent when compared with $2.8 billion in January 2019.
  • Funds raised through IPOs for February 2019 was $6.3 billion, an increase of 50 per cent when compared with $4.2 billion in January 2019.
  • On 26 February 2019, Northbound Trading under Stock Connect hit a new record with turnover of RMB67.9 billion.

 

- Derivatives Market

  • The average daily turnover of Stock Futures for the first two months of 2019 was 5,299 contracts, an increase of 624 per cent when compared with the 732 contracts for the same period last year.
  • The average daily turnover of RMB Currency Futures for the first two months of 2019 was 8,670 contracts, an increase of 60 per cent when compared with the 5,407 contracts for the same period last year.
  • The average daily turnover of futures and options in February 2019 was 1,187,330 contracts, an increase of 9 per cent when compared with the 1,091,651 contracts in January 2019.
  • On 25 February 2019, the turnover of total futures and options reached a record high of 2,250,795 contracts.
  • On 25 February 2019, the turnover of Hang Seng China Enterprises Index Futures reached a record high of 477,061 contracts. 

 

Listed Securities (Main Board and GEM)

Month-end figures

 

Feb 2019

Feb 2018

End 2018

No. of listed companies

2,331

2,162

2,315

Total market capitalisation ($Bil.)

33,044.6

35,155.4

29,909.4

No. of newly listed companies *

11

20

218

No. of listed securities

13,970

14,497

13,290

No. of equity warrants

3

5

3

No. of derivatives warrants

6,630

7,083

6,763

No. of CBBCs

3,616

4,007

2,847

No. of unit trusts

149

145

149

No. of debt securities

1,223

1,078

1,195

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


Securities Market Turnover (Main Board and GEM)

 

Feb 2019

Jan 2019

% Change

Monthly turnover ($Mil.) *

1,796,918

1,944,233

-7.6%

Average daily turnover by value ($Mil.) *

105,701

88,374

19.6%

No. of trading days

17

22

-

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

 

Turnover by Type of Securities (Main Board and GEM)

 

Feb 2019
($Mil)

Jan 2019
($Mil)

% Change

Equities

1,229,257.14
(68.4%)

1,284,420.78
(66.1%)

-4.3%

Derivative warrants

288,928.59
(16.1%)

349,272.45
(18.0%)

-17.3%

CBBCs

176,920.71
(9.8%)

221,648.87
(11.4%)

-20.2%

Unit Trusts

(include ETFs)

96,860.54
(5.4%)

81,975.76
(4.2%)

18.2%

( ) % 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 February 2019 was $17,017 million (0.9% of the securities market total turnover).

 

Mainland Enterprises (Main Board and GEM)

Month-end figures

 

Feb 2019

Feb 2018

End 2018

No. of H shares

268

254

267

No. of Red chips Stocks

173

164

164

No. of Mainland private enterprises

722

644

715

Market capitalisation (% of market total)

67.7%

66.9%

67.5%

Turnover value (% of equity turnover)

78.3%

77.8%

79.5%

 

Index Performance

Month-end figures

 

Feb 2019

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

36930.87

2.3%

-8.0%

S&P/HKEX GEM Index

134.50

-1.2%

-45.7%

Hang Seng Index

28633.18

2.5%

-7.2%

Hang Seng China Enterprises Index

11367.45

3.0%

-8.2%

Hang Seng China-Affiliated Corporations Index*

4457.60

1.6%

-1.4%

CES China 120 Index ^

6477.61

6.7%

-6.5%

CESChina HK Mainland Index +

7738.04

2.1%

-10.0%

* - 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 2019

Jan 2019

% Change

Total Futures

474,103

496,279

-4.5%

Hang Seng Index Futures

203,855

220,096

-7.4%

Mini Hang Seng Index Futures

85,096

93,968

-9.4%

HSI (Gross Total Return Index) Futures

0

0

-

HSI (Net Total Return Index) Futures

0

0

-

Hang Seng China Enterprises Index Futures

149,590

146,786

1.9%

Mini-Hang Seng China Enterprises Index Futures

15,575

17,079

-8.8%

HSCEI (Gross Total Return Index) Futures

0

0

-

HSCEI (Net Total Return Index) Futures

0

0

-

HSI Dividend Point Index Futures

182

7

2500.0%

HSCEI Dividend Point Index Futures

2,649

2,442

8.5%

HSI Volatility Index Futures

3

0

-

MSCI AC Asia ex Japan NTR Index Futures

0

45

-100.0%

CES China 120 Index Futures

1

0

-

CES Gaming Top 10 Index Futures

0

0

-

Hang Seng Mainland Oil & Gas Index Futures

435

522

-16.7%

Hang Seng Mainland Banks Index Futures

138

172

-19.8%

Hang Seng Mainland Healthcare Index Futures

1

0

-

Hang Seng Mainland Properties Index Futures

112

86

30.2%

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

4,623

5,821

-20.6%

3-Month HIBOR Futures

0

0

-

1-Month HIBOR Futures

0

0

-

RMB Currency Futures - USD/CNH Futures

9,511

7,598

25.2%

RMB Currency Futures - EUR/CNH Futures

135

110

22.7%

RMB Currency Futures - JPY/CNH Futures

20

11

81.8%

RMB Currency Futures - AUD/CNH Futures

27

5

440.0%

RMB Currency Futures - CNH/USD Futures

82

92

-10.9%

USD Gold Futures

1,702

1,173

45.1%

CNH Gold Futures

295

219

34.7%

Iron Ore Futures – Monthly Contracts

70

45

55.6%

Iron Ore Futures – Quarterly Contracts

0

0

-

London Aluminium Mini Futures

0

0

-

London Zinc Mini Futures

1

1

0.0%

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

713,243

595,372

19.8%

Hang Seng Index Options

50,681

47,518

6.7%

Mini Hang Seng Index Options

12,152

12,412

-2.1%

Flexible Hang Seng Index Options

0

0

-

Hang Seng China Enterprises Index Options

97,358

88,585

9.9%

Mini-Hang Seng China Enterprises Index Options

1,270

1,112

14.2%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Stock Options

551,685

445,669

23.8%

RMB Currency Futures - USD/CNH Options

82

75

9.3%

Total Futures and Options

1,187,330

1,091,651

8.8%

 

Clearing and Settlement

CCASS Statistics (securities market)

Feb 2019

Jan 2019

% Change

Average daily number of exchange trades settled by CCASS

1,708,612

1,535,153

11.30%

Average daily number of settlement instructions (SIs) settled by CCASS

106,730

93,910

13.65%

Average daily number of investor SIs (ISIs) settled by CCASS

271

217

24.88%

Average daily settlement efficiency of CNS stock positions on due day (T+2)

99.93

99.94

N/A

Shares deposited in the CCASS depository
– % of total issued shares
– % of the total market capitalisation


75.55
59.17


75.85
58.71


N/A
N/A

DCASS Statistics (derivatives market)

Feb 2019

Jan 2019

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

669,675

748,644

-10.5%

– Stock Futures

20,737

23,487

-11.7%

– Interest Rates Futures

278

277

0.4%

– RMB Currency Futures

38,822

35,677

8.8%

– Gold Futures

255

163

56.4%

– Iron Ore Futures

1,146

1,092

4.9%

– London Metal Mini Futures

4

3

33.3%

– Equity Index Options

3,105,508

2,901,397

7.0%

– Stock Options

9,359,853

8,261,798

13.3%

– RMB Currency Options

5,511

5,489

0.4%

 

Year-to-date Statistics

Securities Market

Feb 2019

YTD

Feb 2018

YTD

% Change

No. of newly listed companies #

24

50

-52.0%

Average daily turnover by value ($Mil.) ^

95,927

153,657

-37.6%

Average share traded per trading day (Mil. Shares)

347,530

259,292

34.0%

Average no. of trades per trading day

1,611,325

1,852,380

-13.0%

Fund raised by IPOs ($Mil.)

10,480

20,740

-49.5%

Total funds raised (including IPOs) ($Mil.)*

21,925

78,263

-72.0%

Derivatives Market

Feb 2019
YTD

Feb 2018
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

470,931

495,308

-4.9%

– Stock Futures

5,299

732

623.9%

– Interest Rates Futures

0

1

-100.0%

– RMB Currency Futures

8,670

5,407

60.3%

– Gold Futures

1,656

2,183

-24.1%

– Iron Ore Futures

56

63

-11.1%

– London Metal Mini Futures

1

10

-90.0%

– Equity Index Options

154,785

192,139

-19.4%

– Stock Options

491,881

724,093

-32.1%

– RMB Currency Options

78

49

59.2%

Clearing & Settlement

Feb 2019
YTD

Feb 2018
YTD

% Change

Average daily number of exchange trades handled by CCASS

1,610,763

1,851,726

-13.01%

Average daily number of settlement instructions (SIs) settled by CCASS

99,308

117,552

-15.52%

Average daily number of investor SIs (ISIs) settled by CCASS

240

503

-52.29%

# 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 January 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 28 Feb 2019

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