HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $32 trillion at the end of January 2019, an increase of 7 per cent from $29.9 trillion at the end of December 2018.
The average daily turnover in January 2019 was $88.4 billion, an increase of 23 per cent when compared with $71.9 billion in December 2018.
The average daily turnover of CBBCs in January 2019 was $10.1 billion, a decrease of 3 per cent when compared with $10.4 billion for the same period last year.
There were 13* newly listed companies in January 2019, a decrease of 57 per cent when compared with 30* for the same period last year.
The average daily turnover of Debt Securities in January 2019 was $300 million, an increase of 50 per cent when compared with $200 million for the same period last year.

- Derivatives Market

The average daily turnover of Stock Futures in January 2019 was 5,821 contracts, an increase of 643 per cent when compared with the 783 contracts for the same period last year.
The average daily turnover of RMB Currency Futures in January 2019 was 7,817 contracts, an increase of 55 per cent when compared with the 5,050 contracts for the same period last year.
The average daily turnover of equity index futures in January 2019 was 481,204 contacts, an increase of 7 per cent when compared with the 449,080 contacts for the same period last year.
The average daily turnover of futures and options in January 2019 was 1,091,651 contracts, a decrease of 23 per cent when compared with the 1,417,938 contracts for the same period last year.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Jan 2019	Jan 2018	End 2018
No. of listed companies	2,324	2,145	2,315
Total market capitalisation ($Bil.)	32,041.0	37,196.8	29,909.4
No. of newly listed companies *	13	30	218
No. of listed securities	13,434	14,657	13,290
No. of equity warrants	3	6	3
No. of derivatives warrants	6,652	6,927	6,763
No. of CBBCs	3,082	4,348	2,847
No. of unit trusts	149	145	149
No. of debt securities	1,206	1,069	1,195

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

Securities Market Turnover (Main Board and GEM)

	Jan 2019	Dec 2018	% Change
Monthly turnover ($Mil.) *	1,944,233	1,365,748	42.4%
Average daily turnover by value ($Mil.) *	88,374	71,881	22.9%
No. of trading days	22	19	-

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

Turnover by Type of Securities (Main Board and GEM)

	Jan 2019 ($Mil)	Dec 2018 ($Mil)	% Change
Equities	1,284,420.78 (66.1%)	998,313.56 (73.1%)	28.7%
Derivative warrants	349,272.45 (18.0%)	186,540.38 (13.7%)	87.2%
CBBCs	221,648.87 (11.4%)	110,597.71 (8.1%)	100.4%
Unit Trusts (include ETFs)	81,975.76 (4.2%)	65,072.25 (4.8%)	26.0%

( ) % 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 January 2019 was $21,394 million (1.1% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Jan 2019	Jan 2018	End 2018
No. of H shares	268	253	267
No. of Red chips Stocks	173	164	164
No. of Mainland private enterprises	719	645	715
Market capitalisation (% of market total)	67.8%	67.6%	67.5%
Turnover value (% of equity turnover)	80.0%	79.3%	79.5%

Index Performance

Month-end figures

	Jan 2019	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	36088.22	7.3%	-16.2%
S&P/HKEX GEM Index	136.14	-6.8%	-46.3%
Hang Seng Index	27942.47	8.1%	-15.0%
Hang Seng China Enterprises Index	11035.73	9.0%	-18.6%
Hang Seng China-Affiliated Corporations Index*	4387.09	5.2%	-9.0%
CES China 120 Index ^	6073.55	7.3%	-18.7%
CESChina HK Mainland Index +	7579.24	8.9%	-18.6%

* - 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)
	Jan 2019	Dec 2018	% Change
Total Futures	496,279	499,342	-0.6%
Hang Seng Index Futures	220,096	214,880	2.4%
Mini Hang Seng Index Futures	93,968	94,899	-1.0%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	146,786	154,528	-5.0%
Mini-Hang Seng China Enterprises Index Futures	17,079	17,614	-3.0%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	7	0	-
HSCEI Dividend Point Index Futures	2,442	766	218.8%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	45	149	-69.8%
CES China 120 Index Futures	0	0	-
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	522	27	1,833.3%
Hang Seng Mainland Banks Index Futures	172	33	421.2%
Hang Seng Mainland Healthcare Index Futures	0	1	-100.0%
Hang Seng Mainland Properties Index Futures	86	60	43.3%
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	5,821	6,449	-9.7%
3-Month HIBOR Futures	0	1	-100.0%
1-Month HIBOR Futures	0	1	-100.0%
RMB Currency Futures - USD/CNH Futures	7,598	8,163	-6.9%
RMB Currency Futures - EUR/CNH Futures	110	60	83.3%
RMB Currency Futures - JPY/CNH Futures	11	12	-8.3%
RMB Currency Futures - AUD/CNH Futures	5	1	400.0%
RMB Currency Futures - CNH/USD Futures	92	119	-22.7%
USD Gold Futures	1,173	1,381	-15.1%
CNH Gold Futures	219	167	31.1%
Iron Ore Futures – Monthly Contracts	45	26	73.1%
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	595,372	538,566	10.5%
Hang Seng Index Options	47,518	46,774	1.6%
Mini Hang Seng Index Options	12,412	11,969	3.7%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	88,585	92,170	-3.9%
Mini-Hang Seng China Enterprises Index Options	1,112	1,260	-11.7%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	445,669	386,276	15.4%
RMB Currency Futures - USD/CNH Options	75	118	-36.4%
Total Futures and Options	1,091,651	1,037,908	5.2%

Clearing and Settlement

CCASS Statistics (securities market)	Jan 2019	Dec 2018	% Change
Average daily number of exchange trades settled by CCASS	1,535,153	1,247,496	23.06%
Average daily number of settlement instructions (SIs) settled by CCASS	93,910	105,677	-11.13%
Average daily number of investor SIs (ISIs) settled by CCASS	217	222	-2.25%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.94	99.91	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.85 58.71	76.15 58.78	N/A N/A
DCASS Statistics (derivatives market)	Jan 2019	Dec 2018	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	748,644	708,430	5.7%
– Stock Futures	23,487	20,476	14.7%
– Interest Rates Futures	277	272	1.8%
– RMB Currency Futures	35,677	32,284	10.5%
– Gold Futures	163	236	-30.9%
– Iron Ore Futures	1,092	1,124	-2.8%
– London Metal Mini Futures	3	1	200.0%
– Equity Index Options	2,901,397	2,612,803	11.0%
– Stock Options	8,261,798	7,213,486	14.5%
– RMB Currency Options	5,489	5,625	-2.4%

Year-to-date Statistics

Securities Market	Jan 2019 YTD	Jan 2018 YTD	% Change
No. of newly listed companies #	13	30	-56.7%
Average daily turnover by value ($Mil.) ^	88,374	160,941	-45.1%
Average share traded per trading day (Mil. Shares)	339,246	278,227	21.9%
Average no. of trades per trading day	1,535,670	1,889,146	-18.7%
Fund raised by IPOs ($Mil.)	4,024	15,117	-73.4%
Total funds raised (including IPOs) ($Mil.)*	11,536	61,362	-81.2%
Derivatives Market	Jan 2019 YTD	Jan 2018 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	481,204	449,080	7.2%
– Stock Futures	5,821	783	643.4%
– Interest Rates Futures	1	0	-
– RMB Currency Futures	7,817	5,050	54.8%
– Gold Futures	1,392	2,455	-43.3%
– Iron Ore Futures	45	110	-59.1%
– London Metal Mini Futures	1	6	-83.3%
– Equity Index Options	149,627	184,212	-18.8%
– Stock Options	445,669	776,197	-42.6%
– RMB Currency Options	75	46	63.0%
Clearing & Settlement	Jan 2019 YTD	Jan 2018 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,535,153	1,888,525	-18.71%
Average daily number of settlement instructions (SIs) settled by CCASS	93,910	115,519	-18.71%
Average daily number of investor SIs (ISIs) settled by CCASS	217	537	-59.59%

# 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	467,559	2015/08/26	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