HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $30.3 trillion at the end of March 2024, an increase of 1 per cent from $30.1 trillion at the end of February 2024.
The average daily turnover in March 2024 was $111.2 billion, an increase of 24 per cent when compared with $90.0 billion in February 2024.
The average daily turnover for the first three months of 2024 was $99.4 billion.
The average daily turnover of L&I Products for the first three months of 2024 was $2.5 billion, an increase of 4 per cent when compared with $2.4 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first three months of 2024 was 1,500,494 contracts, an increase of 6 per cent when compared with the 1,418,700 contracts for the same period last year.
The average daily volume of equity index futures for the first three months of 2024 was 619,463 contracts, an increase of 8 per cent when compared with the 574,279 contracts for the same period last year.
The average daily volume of Stock Futures for the first three months of 2024 was 7,984 contracts, an increase of 11 per cent when compared with the 7,225 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first three months of 2024 was 76,307 contracts, an increase of 415 per cent when compared with the 14,812 contracts for the same period last year.
On 22 March 2024, the volume of RMB Currency Futures - USD/CNH Futures reached a record high of 163,582 contracts.
On 5 March 2024, the volume of MSCI India Net Total Return (USD) Index Futures reached a record high of 4,067 contracts.

Listed Securities (Main Board and GEM)

Month-end figures

	Mar 2024	Mar 2023	End 2023
No. of listed companies	2,611	2,603	2,609
Total market capitalisation ($Bil.)	30,288.9	36,902.3	31,039.1
No. of newly listed companies *	7	8	73
No. of listed securities	12,933	15,417	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	4,685	6,514	4,801
No. of inline warrants	-	7	-
No. of CBBCs	3,826	4,390	3,578
No. of unit trusts	191	189	186
No. of debt securities	1,608	1,701	1,624

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

Number of Newly Listed Securities (Main Board and GEM)

	Mar 2024	Mar 2023	2023
Derivatives warrants	494	837	7,967
CBBCs	1,584	2,510	22,851
Unit trusts	2	3	16
Debt securities	32	21	222

Securities Market Turnover (Main Board and GEM)

	Mar 2024	Feb 2024	% Change
Monthly turnover ($Mil.) *	2,224,091	1,709,919	30.1%
Average daily turnover by value ($Mil.) *	111,205	89,996	23.6%
No. of trading days	20	19	-

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

Stock Connect Summary

	Mar 2024	Feb 2024	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	140,637	151,539	-7.2%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	36,739	29,787	23.3%
No. of Northbound trading days	20	15	-
No. of Southbound trading days	20	15	-

Turnover by Type of Securities (Main Board and GEM)

	Mar 2024 ($Mil)	Feb 2024 ($Mil)	% Change
Equities	1,727,996.75 (77.7%)	1,300,098.83 (76.0%)	32.9%
Derivative warrants	83,866.38 (3.8%)	87,035.84 (5.1%)	-3.6%
CBBCs	96,356.43 (4.3%)	91,937.62 (5.4%)	4.8%
Unit trusts (include ETFs)	304,912.21 (13.7%)	222,972.80 (13.0%)	36.7%

Mar 2024

($Mil)

Feb 2024

($Mil)

% Change

Equities

1,727,996.75

(77.7%)

1,300,098.83

(76.0%)

32.9%

Derivative warrants

83,866.38

(3.8%)

87,035.84

(5.1%)

-3.6%

CBBCs

96,356.43

(4.3%)

91,937.62

(5.4%)

4.8%

Unit trusts

(include ETFs)

304,912.21

(13.7%)

222,972.80

(13.0%)

36.7%

( ) % 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)

	Mar 2024 ($Mil)	Feb 2024 ($Mil)	% Change
Equities	86,399.84	68,426.25	26.3%
Derivative warrants	4,193.32	4,580.83	-8.5%
CBBCs	4,817.82	4,838.82	-0.4%
Unit trusts (include ETFs)	15,245.61	11,735.41	29.9%
Others	547.97	414.44	32.2%
Total	111,204.56	89,995.76	23.6%

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 Mar 2024 was $28,977 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Mar 2024	Mar 2023	End 2023
No. of H shares	340	320	339
No. of Non-H share Mainland enterprises	1,110	1,103	1,108
Market capitalisation (% of market total)	77.5%	77.7%	76.5%
Turnover value (% of equity turnover)	85.8%	87.4%	87.1%

Index Performance

Month-end figures

	Mar 2024	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	23928.60	0.0%	-19.7%
S&P/HKEX GEM Index	16.72	-6.9%	-55.0%
Hang Seng Index	16541.42	0.2%	-18.9%
Hang Seng China Enterprises Index	5810.79	2.3%	-16.6%
Hang Seng China-Affiliated Corporations Index*	3410.83	0.4%	-13.8%
CES China 120 Index ^	5050.43	1.6%	-13.3%
CESChina HK Mainland Index +	4506.78	1.5%	-19.7%

* - 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)*
	Mar 2024	Feb 2024	% Change
Total Futures	692,638	685,780	1.0%
Hang Seng Index Futures	144,783	144,876	-0.1%
Mini Hang Seng Index Futures	94,105	99,134	-5.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	198,812	211,024	-5.8%
Mini-Hang Seng China Enterprises Index Futures	9,807	10,480	-6.4%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	60	21	185.7%
HSCEI Dividend Point Index Futures	908	667	36.1%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	120,338	114,581	5.0%
MSCI AC Asia ex Japan NTR Index Futures	63	11	472.7%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	18,001	16,349	10.1%
MSCI China (USD) Index Futures	9	1	800.0%
MSCI China Net Total Return (USD) Index Futures	4,166	162	2471.6%
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	9	5	80.0%
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	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	9	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	260	34	664.7%
MSCI India (USD) Index Futures	2,670	4,605	-42.0%
MSCI India Net Total Return (USD) Index Futures	654	7	9242.9%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	726	13	5484.6%
MSCI Japan Net Total Return (USD) Index Futures	8	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	15	5	200.0%
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	78	0	-
MSCI Philippines Net Total Return (USD) Index Futures	0	0	-
MSCI Singapore Free (SGD) Index Futures	2	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	5,848	3,783	54.6%
MSCI Taiwan 25/50 (USD) Index Futures	12	13	-7.7%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	1,295	32	3946.9%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	4	1	300.0%
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	8,925	6,976	27.9%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	78,552	69,779	12.6%
RMB Currency Futures - Mini USD/CNH Futures	1,146	1,493	-23.2%
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	2	0	-
INR Currency Futures - INR/USD Futures	1,371	1,728	-20.7%
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	775,013	797,569	-2.8%
Hang Seng Index Options	18,551	22,317	-16.9%
Mini Hang Seng Index Options	14,940	18,428	-18.9%
Weekly Hang Seng Index Options	14,294	15,585	-8.3%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	4,657	4,651	0.1%
Hang Seng China Enterprises Index Options	30,661	34,794	-11.9%
Mini-Hang Seng China Enterprises Index Options	2,981	5,387	-44.7%
Weekly Hang Seng China Enterprises Index Options	3,035	3,298	-8.0%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	36,752	43,789	-16.1%
Hang Seng TECH Index Options	3,561	4,242	-16.1%
Hang Seng TECH Index Futures Options	2,778	2,573	8.0%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	642,796	642,503	0.0%
RMB Currency Options - USD/CNH Options	7	2	250.0%
Total Futures and Options	1,467,651	1,483,349	-1.1%

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

Clearing and Settlement

CCASS Statistics (securities market)	Mar 2024	Feb 2024	% Change
Average daily number of exchange trades settled by CCASS	2,102,360	1,800,575	16.76%
Average daily number of settlement instructions (“SIs”) settled by CCASS	101,732	93,806	8.45%
Average daily number of investor SIs (“ISIs”) settled by CCASS	122	115	6.09%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.92	99.94	N/A
Average daily value of SIs settled by CCASS ($ Mil)	231,319.37	169,266.54	36.66%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.37 62.18	74.14 61.57	N/A N/A
DCASS Statistics (derivatives market)	Mar 2024	Feb 2024	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	1,041,547	1,024,064	1.7%
– Stock Futures	28,156	30,364	-7.3%
– Interest Rates Futures	20	35	-42.9%
– RMB Currency Futures	38,972	44,135	-11.7%
– INR Currency Futures	467	297	57.2%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	1,779,738	2,343,257	-24.0%
– Stock Options	9,496,319	10,851,792	-12.5%
– RMB Currency Options	302	309	-2.3%

Year-to-date Statistics

Securities Market	Mar 2024 YTD	Mar 2023 YTD	% Change
No. of newly listed companies #	12	18	-33.3%
Average daily turnover by value ($Mil.) ^	99,356	127,821	-22.3%
Average share traded per trading day (Mil. Shares)	187,505	202,258	-7.3%
Average no. of trades per trading day	1,927,327	2,230,030	-13.6%
Fund raised by IPOs ($Mil.)*	4,732	6,660	-28.9%
Total equity funds raised (including IPOs) ($Mil.) (Main + GEM)**	26,515	33,679	-21.3%
Derivatives Market	Mar 2024 YTD	Mar 2023 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	619,463	574,279	7.9%
– Stock Futures	7,984	7,225	10.5%
– Interest Rates Futures	0	6	-100.0%
– RMB Currency Futures	76,307	14,812	415.2%
– INR Currency Futures	1,525	986	54.7%
– Gold Futures	0	5	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	150,085	156,157	-3.9%
– Stock Options	645,126	665,210	-3.0%
– RMB Currency Options	4	20	-80.0%
Clearing & Settlement	Mar 2024 YTD	Mar 2023 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,103,478	2,229,230	-5.64%
Average daily number of settlement instructions (SIs) settled by CCASS	101,732	107,857	-5.68%
Average daily number of investor SIs (ISIs) settled by CCASS	122	161	-23.98%

# 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 31 Mar 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 31 Mar 2024