HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $41.6 trillion at the end of September 2020, an increase of 36 per cent from $30.6 trillion for the same period last year.
The average daily turnover in September 2020 was $122.7 billion, an increase of 62 per cent from $75.8 billion for the same period last year.
The average daily turnover for the first nine months of 2020 was $125.7 billion, an increase of 39 per cent when compared with $90.5 billion for the same period last year.
The average daily turnover of CBBCs for the first nine months of 2020 was $9.8 billion, an increase of 15 per cent when compared with $8.5 billion for the same period last year.
The average daily turnover of ETFs for the first nine months of 2020 was $5.1 billion, an increase of 11 per cent when compared with $4.6 billion for the same period last year.
Funds raised through IPOs for the first nine months of 2020 was $211.4 billion, an increase of 58 per cent when compared with $133.9 billion for the same period last year.
Total funds raised for the first nine months of 2020 was $473.8 billion, an increase of 101 per cent when compared with $236.1 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first nine months of 2020 was 1,167,216 contracts, an increase of 5 per cent when compared with the 1,113,029 contracts for the same period last year.
The average daily turnover of Stock Options for the first nine months of 2020 was 522,834 contracts, an increase of 13 per cent when compared with the 463,975 contracts for the same period last year.
The average daily turnover of Stock Futures for the first nine months of 2020 was 4,519 contracts, an increase of 11 per cent when compared with the 4,075 contracts for the same period last year.

Listed Securities (Main Board and GEM)

Month-end figures

	Sep 2020	Sep 2019	End 2019
No. of listed companies	2,518	2,395	2,449
Total market capitalisation ($Bil.)	41,638.1	30,642.7	38,165.0
No. of newly listed companies *	13	7	183
No. of listed securities	17,006	13,307	12,795
No. of equity warrants	3	2	3
No. of derivatives warrants	7,135	5,295	4,571
No. of inline warrants	717	412	922
No. of CBBCs	4,940	3,684	3,298
No. of unit trusts	158	153	148
No. of debt securities	1,518	1,347	1,388

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

Securities Market Turnover (Main Board and GEM)

	Sep 2020	Aug 2020	% Change
Monthly turnover ($Mil.) *	2,698,528	2,838,335	-4.9%
Average daily turnover by value ($Mil.) *	122,660	135,159	-9.2%
No. of trading days	22	21	-

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

Turnover by Type of Securities (Main Board and GEM)

	Sep 2020 ($Mil)	Aug 2020 ($Mil)	% Change
Equities	2,095,610.93 (77.7%)	2,253,262.97 (79.4%)	-7.0%
Derivative warrants	242,848.12 (9.0%)	243,812.39 (8.6%)	-0.4%
CBBCs	222,972.91 (8.3%)	209,586.59 (7.4%)	6.4%
Inline warrants	74.65 (0.0%)	84.51 (0.0%)	-11.7%
Unit trusts (include ETFs)	131,739.17 (4.9%)	126,660.64 (4.5%)	4.0%

Sep 2020

($Mil)

Aug 2020

($Mil)

% Change

Equities

2,095,610.93

(77.7%)

2,253,262.97

(79.4%)

-7.0%

Derivative warrants

242,848.12

(9.0%)

243,812.39

(8.6%)

-0.4%

CBBCs

222,972.91

(8.3%)

209,586.59

(7.4%)

6.4%

Inline warrants

74.65

(0.0%)

84.51

(0.0%)

-11.7%

Unit trusts

(include ETFs)

131,739.17

(4.9%)

126,660.64

(4.5%)

4.0%

( ) % 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 September 2020 was $28,937 million (1.1% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Sep 2020	Sep 2019	End 2019
No. of H shares	287	275	284
No. of Red chips Stocks	177	174	173
No. of Mainland private enterprises	832	752	784
Market capitalisation (% of market total)	80.4%	68.3%	73.2%
Turnover value (% of equity turnover)	85.3%	76.7%	79.0%

Index Performance

Month-end figures

	Sep 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	37637.19	-5.1%	11.6%
S&P/HKEX GEM Index	104.27	-5.2%	15.2%
Hang Seng Index	23459.05	-6.8%	-10.1%
Hang Seng China Enterprises Index	9397.37	-5.9%	-7.9%
Hang Seng China-Affiliated Corporations Index*	3589.83	-9.7%	-13.5%
CES China 120 Index ^	7474.31	-4.6%	12.1%
CESChina HK Mainland Index +	7927.56	-5.5%	10.2%

* - 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 2020	Aug 2020	% Change
Total Futures	427,162	428,092	-0.2%
Hang Seng Index Futures	151,504	156,360	-3.1%
Mini Hang Seng Index Futures	105,060	107,576	-2.3%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	134,263	129,652	3.6%
Mini-Hang Seng China Enterprises Index Futures	15,382	18,370	-16.3%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	50	414	-87.9%
HSCEI Dividend Point Index Futures	561	815	-31.2%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	460	162	184.0%
MSCI Australia Net Total Return (USD) Index Futures	0	1	-100.0%
MSCI China Free (USD) Index Futures #	0	0	-
MSCI China Free Net Total Return (USD) Index Futures	396	7	5557.1%
MSCI EM Asia ex China Net Total Return (USD) Index Futures ^	0	0	-
MSCI EM Asia ex Korea Net Total Return (USD) Index Futures ^	0	0	-
MSCI EM Asia Net Total Return (USD) Index Futures	2	2	0.0%
MSCI EM EMEA Net Total Return (USD) Index Futures ^	0	0	-
MSCI EM ex China Net Total Return (USD) Index Futures ^	0	0	-
MSCI EM ex Korea Net Total Return (USD) Index Futures ^	0	0	-
MSCI EM LatAm Net Total Return (USD) Index Futures ^	0	0	-
MSCI Emerging Markets (USD) Index Futures	0	10	-100.0%
MSCI Emerging Markets Net Total Return (USD) Index Futures	0	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures #	0	0	-
MSCI India Net Total Return (USD) Index Futures	28	3	833.3%
MSCI Indonesia (USD) Index Futures	5	7	-28.6%
MSCI Indonesia Net Total Return (USD) Index Futures	29	15	93.3%
MSCI Japan (JPY) Index Futures *	0	-	-
MSCI Japan Net Total Return (JPY) Index Futures *	0	-	-
MSCI Japan Net Total Return (USD) Index Futures	0	0	-
MSCI Malaysia (USD) Index Futures #	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	27	16	68.8%
MSCI New Zealand Net Total Return (USD) Index Futures #	0	0	-
MSCI Pacific ex Japan Net Total Return (USD) Index Futures ^	0	0	-
MSCI Pacific Net Total Return (USD) Index Futures ^	0	0	-
MSCI Philippines (USD) Index Futures #	0	0	-
MSCI Philippines Net Total Return (USD) Index Futures	0	0	-
MSCI Singapore Free (SGD) Index Futures *	21	-	-
MSCI Singapore Free Net Total Return (USD) Index Futures #	0	0	-
MSCI Singapore Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan (USD) Index Futures	3,409	357	854.9%
MSCI Taiwan 25/50 (USD) Index Futures *	7	-	-
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures *	0	-	-
MSCI Taiwan Net Total Return (USD) Index Futures	1,010	7	14328.6%
MSCI Thailand (USD) Index Futures #	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	138	53	160.4%
MSCI Vietnam (USD) Index Futures #	0	0	-
MSCI Vietnam Net Total Return (USD) Index Futures	0	0	-
CES China 120 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	4,462	5,349	-16.6%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	7,688	6,980	10.1%
RMB Currency Futures - EUR/CNH Futures	1	0	-
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	4	2	100.0%
INR Currency Futures - INR/USD Futures	1,073	618	73.6%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	37	29	27.6%
CNH Gold Futures	0	0	-
USD Silver Futures	6	7	-14.3%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	397	478	-16.9%
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	125	114	9.6%
USD London Zinc Mini Futures	458	361	26.9%
USD London Copper Mini Futures	547	300	82.3%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	35	24	45.8%
USD London Tin Mini Futures	0	0	-
Total Options	592,187	601,343	-1.5%
Hang Seng Index Options	35,040	34,892	0.4%
Mini Hang Seng Index Options	13,398	13,767	-2.7%
Weekly Hang Seng Index Options	6,025	4,429	36.0%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	68,523	56,982	20.3%
Mini-Hang Seng China Enterprises Index Options	2,946	1,800	63.7%
Weekly Hang Seng China Enterprises Index Options	1,843	1,158	59.2%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	464,386	488,282	-4.9%
RMB Currency Options - USD/CNH Options	26	33	-21.2%
Total Futures and Options	1,019,349	1,029,435	-1.0%

# Trading commenced on 3 August 2020
^ Trading commenced on 17 August 2020
* Trading commenced on 28 September 2020

Clearing and Settlement

CCASS Statistics (securities market)	Sep 2020	Aug 2020	% Change
Average daily number of exchange trades settled by CCASS	1,873,089	2,105,862	-11.05%
Average daily number of settlement instructions (“SIs”) settled by CCASS	112,929	111,504	1.28%
Average daily number of investor SIs (“ISIs”) settled by CCASS	262	269	-2.60%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.97	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.11 58.26	76.34 57.70	N/A N/A
DCASS Statistics (derivatives market)	Sep 2020	Aug 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	673,030	610,088	10.3%
– Stock Futures	16,485	21,335	-22.7%
– Interest Rates Futures	67	111	-39.6%
– RMB Currency Futures	25,968	24,292	6.9%
– INR Currency Futures	540	287	88.2%
– Gold Futures	66	142	-53.5%
– Silver Futures	104	112	-7.1%
– Iron Ore Futures	1,690	2,183	-22.6%
– London Metal Mini Futures	2,011	757	165.7%
– Equity Index Options	2,588,566	2,939,286	-11.9%
– Stock Options	8,718,073	10,476,787	-16.8%
– RMB Currency Options	3,046	3,726	-18.3%

Year-to-date Statistics

Securities Market	Sep 2020 YTD	Sep 2019 YTD	% Change
No. of newly listed companies #	104	108	-3.7%
Average daily turnover by value ($Mil.) ^	125,716	90,538	38.9%
Average share traded per trading day (Mil. Shares)	219,831	264,810	-17.0%
Average no. of trades per trading day	1,935,162	1,513,976	27.8%
Fund raised by IPOs ($Mil.)	211,356	133,863	57.9%
Total funds raised (including IPOs) ($Mil.)*	473,760	236,053	100.7%
Derivatives Market	Sep 2020 YTD	Sep 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	476,533	474,696	0.4%
– Stock Futures	4,519	4,075	10.9%
– Interest Rates Futures	2	1	100.0%
– RMB Currency Futures	7,032	8,726	-19.4%
– INR Currency Futures	763	-	-
– Gold Futures	362	2,277	-84.1%
– Silver Futures	12	-	-
– Iron Ore Futures	442	273	61.9%
– London Metal Mini Futures	674	90	648.9%
– Equity Index Options	154,008	158,845	-3.0%
– Stock Options	522,834	463,975	12.7%
– RMB Currency Options	41	72	-43.1%
Clearing & Settlement	Sep 2020 YTD	Sep 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,933,520	1,513,226	27.77%
Average daily number of settlement instructions (SIs) settled by CCASS	112,032	96,126	16.55%
Average daily number of investor SIs (ISIs) settled by CCASS	281	239	17.57%

# 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 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	2020/07/06	251,286,866,930
7	2020/07/07	240,379,359,587
8	2015/04/14	239,903,336,931
9	2015/07/08	237,429,139,110
10	2015/04/10	222,888,834,174

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2020/09/02	43,368,353,685,675
2	2020/08/27	43,170,917,158,280
3	2020/08/26	43,120,635,344,343
4	2020/08/28	43,109,852,375,228
5	2020/09/01	43,017,466,863,903
6	2020/09/03	42,916,188,926,948
7	2020/08/24	42,903,015,371,896
8	2020/08/25	42,832,944,575,089
9	2020/09/16	42,757,887,383,259
10	2020/08/31	42,746,788,800,887

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	1,545,227	2020/07/06	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
Mini Hang Seng Index Futures	298,812	2020/03/19	22,321	2018/10/26
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,749,790	2018/11/28
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 30 Sep 2020