HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $32.1 trillion at the end of April 2024, an increase of 6 per cent from $30.3 trillion at the end of March 2024.
The average daily turnover in April 2024 was $112.3 billion, an increase of 1 per cent when compared with $111.2 billion in March 2024, and an increase of 3 per cent from $108.9 billion for the same period last year.
The average daily turnover for the first four months of 2024 was $102.5 billion.
The average daily turnover of L&I Products for the first four months of 2024 was $2.5 billion, an increase of 9 per cent when compared with $2.3 billion for the same period last year.
The average daily turnover of Debt Securities for the first four months of 2024 was $560 million, an increase of 2 per cent when compared with $550 million for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first four months of 2024 was 1,515,951 contracts, an increase of 8 per cent when compared with the 1,398,771 contracts for the same period last year.
The average daily volume of equity index futures for the first four months of 2024 was 612,077 contracts, an increase of 7 per cent when compared with the 570,080 contracts for the same period last year.
The average daily volume of Stock Options for the first four months of 2024 was 668,134 contracts, an increase of 2 per cent when compared with the 652,041 contracts for the same period last year.
The average daily volume of Stock Futures for the first four months of 2024 was 8,409 contracts, an increase of 17 per cent when compared with the 7,180 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first four months of 2024 was 77,611 contracts, an increase of 424 per cent when compared with the 14,825 contracts for the same period last year.
On 9 April 2024, the volume of INR Currency Futures - INR/USD Futures reached a record high of 7,116 contracts.
On 26 April 2024, the volume of Weekly Hang Seng China Enterprises Index Options reached a record high of 13,440 contracts.
On 24 April 2024, the volume of Hang Seng TECH Index Options reached a record high of 20,205 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Apr 2024	Apr 2023	End 2023
No. of listed companies	2,606	2,602	2,609
Total market capitalisation ($Bil.)	32,089.0	35,855.4	31,039.1
No. of newly listed companies *	3	4	73
No. of listed securities	12,759	15,047	12,810
No. of SPAC shares	5	5	5
No. of equity warrants (excluding SPAC warrants)	2	2	2
No. of SPAC warrants	5	5	5
No. of derivatives warrants	4,876	6,173	4,801
No. of inline warrants	-	7	-
No. of CBBCs	3,467	4,378	3,578
No. of unit trusts	198	186	186
No. of debt securities	1,600	1,688	1,624

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

Number of Newly Listed Securities (Main Board and GEM)

	Apr 2024	Apr 2023	2023
Derivatives warrants	599	514	7,967
CBBCs	1,764	1,502	22,851
Unit trusts	7	1	16
Debt securities	17	6	222

Securities Market Turnover (Main Board and GEM)

	Apr 2024	Mar 2024	% Change
Monthly turnover ($Mil.) *	2,245,692	2,224,091	1.0%
Average daily turnover by value ($Mil.) *	112,285	111,205	1.0%
No. of trading days	20	20	-

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

Stock Connect Summary

	Apr 2024	Mar 2024	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	138,223	140,637	-1.7%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	38,131	36,739	3.8%
No. of Northbound trading days	19	20	-
No. of Southbound trading days	19	20	-

Turnover by Type of Securities (Main Board and GEM)

	Apr 2024 ($Mil)	Mar 2024 ($Mil)	% Change
Equities	1,751,290.80 (78.0%)	1,727,996.75 (77.7%)	1.3%
Derivative warrants	84,293.69 (3.8%)	83,866.38 (3.8%)	0.5%
CBBCs	96,060.49 (4.3%)	96,356.43 (4.3%)	-0.3%
Unit trusts (include ETFs)	303,516.46 (13.5%)	304,912.21 (13.7%)	-0.5%

Apr 2024

($Mil)

Mar 2024

($Mil)

% Change

Equities

1,751,290.80

(78.0%)

1,727,996.75

(77.7%)

1.3%

Derivative warrants

84,293.69

(3.8%)

83,866.38

(3.8%)

0.5%

CBBCs

96,060.49

(4.3%)

96,356.43

(4.3%)

-0.3%

Unit trusts

(include ETFs)

303,516.46

(13.5%)

304,912.21

(13.7%)

-0.5%

( ) % of market total
Turnover value for securities traded in non-Hong Kong dollar currency have been included

Average Daily Turnover by Type of Securities (Main Board and GEM)

	Apr 2024 ($Mil)	Mar 2024 ($Mil)	% Change
Equities	87,564.54	86,399.84	1.3%
Derivative warrants	4,214.68	4,193.32	0.5%
CBBCs	4,803.02	4,817.82	-0.3%
Unit trusts (include ETFs)	15,175.82	15,245.61	-0.5%
Others	526.53	547.97	-3.9%
Total	112,284.60	111,204.56	1.0%

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 Apr 2024 was $31,558 million (1.4% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Apr 2024	Apr 2023	End 2023
No. of H shares	340	320	339
No. of Non-H share Mainland enterprises	1,109	1,104	1,108
Market capitalisation (% of market total)	78.3%	76.8%	76.5%
Turnover value (% of equity turnover)	85.6%	89.1%	87.1%

Index Performance

Month-end figures

	Apr 2024	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	25798.85	7.8%	-8.7%
S&P/HKEX GEM Index	16.63	-0.5%	-51.4%
Hang Seng Index	17763.03	7.4%	-10.7%
Hang Seng China Enterprises Index	6273.75	8.0%	-6.4%
Hang Seng China-Affiliated Corporations Index*	3697.42	8.4%	-9.4%
CES China 120 Index ^	5319.50	5.3%	-5.4%
CESChina HK Mainland Index +	4830.64	7.2%	-8.3%

* - 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)*
	Apr 2024	Mar 2024	% Change
Total Futures	682,720	692,638	-1.4%
Hang Seng Index Futures	150,817	144,783	4.2%
Mini Hang Seng Index Futures	93,517	94,105	-0.6%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	190,077	198,812	-4.4%
Mini-Hang Seng China Enterprises Index Futures	9,537	9,807	-2.8%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	65	60	8.3%
HSCEI Dividend Point Index Futures	2,555	908	181.4%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	119,877	120,338	-0.4%
MSCI AC Asia ex Japan NTR Index Futures	5	63	-92.1%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	15,029	18,001	-16.5%
MSCI China (USD) Index Futures	0	9	-100.0%
MSCI China Net Total Return (USD) Index Futures	696	4,166	-83.3%
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	3	9	-66.7%
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	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	2	9	-77.8%
MSCI Hong Kong Net Total Return (USD) Index Futures	44	260	-83.1%
MSCI India (USD) Index Futures	1,770	2,670	-33.7%
MSCI India Net Total Return (USD) Index Futures	4	654	-99.4%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	11	726	-98.5%
MSCI Japan Net Total Return (USD) Index Futures	2	8	-75.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	3	15	-80.0%
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	78	-100.0%
MSCI Philippines Net Total Return (USD) Index Futures	0	0	-
MSCI Singapore Free (SGD) Index Futures	0	2	-100.0%
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	5,746	5,848	-1.7%
MSCI Taiwan 25/50 (USD) Index Futures	15	12	25.0%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	14	1,295	-98.9%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	18	4	350.0%
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 Banks Index Futures	0	0	-
Stock Futures	9,705	8,925	8.7%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	80,335	78,552	2.3%
RMB Currency Futures - Mini USD/CNH Futures	949	1,146	-17.2%
RMB Currency Futures - EUR/CNH Futures	0	0	-
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	0	2	-100.0%
INR Currency Futures - INR/USD Futures	1,924	1,371	40.3%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	0	0	-
CNH Gold Futures	0	0	-
USD Silver Futures	0	0	-
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	0	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	0	0	-
CNH London Tin Mini Futures	0	0	-
USD London Aluminium Mini Futures	0	0	-
USD London Zinc Mini Futures	0	0	-
USD London Copper Mini Futures	0	0	-
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	880,301	775,013	13.6%
Hang Seng Index Options	21,135	18,551	13.9%
Mini Hang Seng Index Options	19,218	14,940	28.6%
Weekly Hang Seng Index Options	15,270	14,294	6.8%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,986	4,657	-14.4%
Hang Seng China Enterprises Index Options	30,485	30,661	-0.6%
Mini-Hang Seng China Enterprises Index Options	3,198	2,981	7.3%
Weekly Hang Seng China Enterprises Index Options	3,782	3,035	24.6%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	37,759	36,752	2.7%
Hang Seng TECH Index Options	4,782	3,561	34.3%
Hang Seng TECH Index Futures Options	2,376	2,778	-14.5%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	738,306	642,796	14.9%
RMB Currency Options - USD/CNH Options	4	7	-42.9%
Total Futures and Options	1,563,021	1,467,651	6.5%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Apr 2024 and Mar 2024 are 22 days (with 2 holiday trading days) and 21 days (with 1 holiday trading day) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Apr 2024	Mar 2024	% Change
Average daily number of exchange trades settled by CCASS	2,075,627	2,102,360	-1.27%
Average daily number of settlement instructions (“SIs”) settled by CCASS	98,792	101,732	-2.89%
Average daily number of investor SIs (“ISIs”) settled by CCASS	151	122	23.00%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.92	N/A
Average daily value of SIs settled by CCASS ($ Mil)	230,501.90	231,319.37	-0.35%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.42 62.34	74.37 62.18	N/A N/A
DCASS Statistics (derivatives market)	Apr 2024	Mar 2024	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	983,356	1,041,547	-5.6%
– Stock Futures	35,851	28,156	27.3%
– Interest Rates Futures	20	20	0.0%
– RMB Currency Futures	36,527	38,972	-6.3%
– INR Currency Futures	549	467	17.6%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,981,779	1,779,738	11.4%
– Stock Options	10,685,897	9,496,319	12.5%
– RMB Currency Options	344	302	13.9%

Year-to-date Statistics

Securities Market	Apr 2024 YTD	Apr 2023 YTD	% Change
No. of newly listed companies #	15	22	-31.8%
Average daily turnover by value ($Mil.) ^	102,549	123,688	-17.1%
Average share traded per trading day (Mil. Shares)	183,526	199,848	-8.2%
Average no. of trades per trading day	1,963,933	2,166,883	-9.4%
Fund raised by IPOs ($Mil.)*	7,839	12,816	-38.8%
Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**	38,033	53,920	-29.5%
Derivatives Market	Apr 2024 YTD	Apr 2023 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	612,077	570,080	7.4%
– Stock Futures	8,409	7,180	17.1%
– Interest Rates Futures	0	4	-100.0%
– RMB Currency Futures	77,611	14,825	423.5%
– INR Currency Futures	1,630	900	81.1%
– Gold Futures	0	4	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	148,086	153,718	-3.7%
– Stock Options	668,134	652,041	2.5%
– RMB Currency Options	4	19	-78.9%
Clearing & Settlement	Apr 2024 YTD	Apr 2023 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,076,466	2,134,624	-2.72%
Average daily number of settlement instructions (SIs) settled by CCASS	98,792	106,436	-7.18%
Average daily number of investor SIs (ISIs) settled by CCASS	151	140	7.54%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only

Historical Records

up to 30 Apr 2024

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	2021/07/27	361,238,455,648
2	2021/02/24	354,330,826,815
3	2021/02/26	321,313,602,377
4	2022/03/16	309,913,857,581
5	2021/02/22	303,594,716,032
6	2021/01/19	302,507,509,559
7	2021/01/20	301,244,822,148
8	2022/03/17	301,106,198,997
9	2015/04/09	293,910,756,648
10	2021/01/25	288,079,469,553

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2021/02/17	58,672,185,510,043
2	2021/02/16	57,829,770,591,111
3	2021/02/19	57,502,986,918,920
4	2021/02/18	57,470,114,718,778
5	2021/02/11	56,844,960,338,845
6	2021/02/10	56,495,679,850,172
7	2021/02/22	56,276,247,080,503
8	2021/02/23	56,194,869,034,753
9	2021/02/09	55,171,603,385,082
10	2021/02/25	55,137,617,193,968

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	15,625,280	2021/03/29
Hang Seng China Enterprises Index Futures	651,086	2023/04/25	758,877	2022/12/28
Hang Seng TECH Index Futures	437,435	2023/12/22	328,335	2023/12/22
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Hang Seng China Enterprises Index Options	389,483	2021/01/11	3,749,790	2018/11/28
Mini Hang Seng Index Futures	298,812	2020/03/19	35,820	2024/01/23
RMB Currency Futures - USD/CNH Futures	163,582	2024/03/22	46,711	2017/01/04
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng China Enterprises Index Futures Options	103,353	2023/07/31	1,207,462	2023/06/15
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11

Updated 30 Apr 2024