Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEX Monthly Market Highlights

Date 07/07/2020

Highlights

- Securities Market

  • Market capitalisation was $37.9 trillion at the end of June 2020, an increase of 11 per cent from $34.0 trillion at the end of May 2020, and an increase of 16 per cent from $32.7 trillion for the same period last year.
  • The average daily turnover in June 2020 was $125.6 billion, an increase of 10 per cent when compared with $114.7 billion in May 2020, and an increase of 52 per cent from $82.4 billion for the same period last year.
  • The average daily turnover for the first six months of 2020 was $117.5 billion, an increase of 20 per cent when compared with $97.9 billion for the same period last year.
  • The average daily turnover of CBBCs for the first six months of 2020 was $9.6 billion, an increase of 4 per cent when compared with $9.2 billion for the same period last year.
  • The average daily turnover of ETFs for the first six months of 2020 was $5.3 billion, an increase of 8 per cent when compared with $4.9 billion for the same period last year.
  • Funds raised through IPOs for the first six months of 2020 was $87.5 billion, an increase of 22 per cent when compared with $71.8 billion for the same period last year.
  • Total funds raised for the first six months of 2020 was $225.8 billion, an increase of 51 per cent when compared with $149.2 billion for the same period last year.

- Derivatives Market

  • The average daily turnover of futures and options for the first six months of 2020 was 1,175,231 contracts, a decrease of 0.4 per cent when compared with the 1,180,169 contracts for the same period last year.
  • The average daily turnover of equity index futures for the first six months of 2020 was 496,813 contacts, an increase of 1 per cent when compared with the 494,141 contacts for the same period last year.
  • The average daily turnover of equity index options for the first six months of 2020 was 162,915 contacts, an increase of 1 per cent when compared with the 161,614 contacts for the same period last year.

 

 

 

LISTED SECURITIES (MAIN BOARD AND GEM)

 

Month-end figures

 

 

Jun 2020

Jun 2019

End 2019

No. of listed companies

2,487

2,382

2,449

Total market capitalisation ($Bil.)

37,905.7

32,726.6

38,165.0

No. of newly listed companies *

9

20

183

No. of listed securities

15,798

13,709

12,795

No. of equity warrants

3

3

3

No. of derivatives warrants

6,172

5,981

4,571

No. of inline warrants

833

-

922

No. of CBBCs

4,695

3,884

3,298

No. of unit trusts

147

149

148

No. of debt securities

1,444

1,291

1,388

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

 

Securities Market Turnover (Main Board and GEM)

 

Jun 2020

May 2020

% Change

Monthly turnover ($Mil.) *

2,637,569

2,294,253

15.0%

Average daily turnover by value ($Mil.) *

125,599

114,713

9.5%

No. of trading days

21

20

-

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

 

Turnover by Type of Securities (Main Board and GEM)

 

Jun 2020

($Mil)

May 2020

($Mil)

% Change

Equities

2,084,968.40

(79.0%)

1,817,458.10

(79.2%)

14.7%

 

Derivative warrants

188,157.51

(7.1%)

144,369.62

(6.3%)

30.3%

 

CBBCs

213,310.52

(8.1%)

186,295.73

(8.1%)

14.5%

 

Inline warrants

86.53

(0.0%)

93.49

(0.0%)

-7.4%

 

Unit trusts

(include ETFs)

145,822.73

(5.5%)

140,640.15

(6.1%)

3.7%

 

( ) % 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 June 2020 was $31,819 million (1.2% of the securities market total turnover).

  

Mainland Enterprises (Main Board and GEM)

Month-end figures

 

Jun 2020

Jun 2019

End 2019

No. of H shares

281

274

284

No. of Red chips Stocks

177

176

173

No. of Mainland private enterprises

807

747

784

Market capitalisation (% of market total)

77.8%

68.0%

73.2%

Turnover value (% of equity turnover)

81.3%

78.6%

79.0%

 

 

Index Performance

 

Month-end figures

 

 

Jun 2020

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

36309.38

8.9%

-1.5%

S&P/HKEX GEM Index

94.88

21.8%

-6.5%

Hang Seng Index

24427.19

6.4%

-14.4%

Hang Seng China Enterprises Index

9758.63

2.1%

-10.3%

Hang Seng China-Affiliated Corporations Index*

3756.57

2.7%

-15.5%

CES China 120 Index ^

7073.04

6.0%

4.4%

CESChina HK Mainland Index +

7632.78

5.4%

0.1%

* - 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)

Jun 2020

May 2020

% Change

Total Futures

466,347

438,207

6.4%

Hang Seng Index Futures

168,861

160,967

4.9%

Mini Hang Seng Index Futures

123,735

110,753

11.7%

HSI (Gross Total Return Index) Futures

2

2

0.0%

HSI (Net Total Return Index) Futures

1

1

0.0%

Hang Seng China Enterprises Index Futures

138,267

136,951

1.0%

Mini-Hang Seng China Enterprises Index Futures

20,079

16,649

20.6%

HSCEI (Gross Total Return Index) Futures

0

2

-100.0%

HSCEI (Net Total Return Index) Futures

0

0

-

HSI Dividend Point Index Futures

13

33

-60.6%

HSCEI Dividend Point Index Futures

1,294

1,376

-6.0%

HSI Volatility Index Futures

0

0

-

MSCI AC Asia ex Japan NTR Index Futures

1,306

419

211.7%

CES China 120 Index Futures

0

0

-

Hang Seng Mainland Oil & Gas Index Futures

30

116

-74.1%

Hang Seng Mainland Banks Index Futures

2

1

100.0%

Hang Seng Mainland Properties Index Futures

2

1

100.0%

IBOVESPA Futures

0

0

-

MICEX Index Futures

0

0

-

FTSE/JSE Top40 Futures

0

0

-

Stock Futures

3,886

3,251

19.5%

3-Month HIBOR Futures

0

1

-100.0%

1-Month HIBOR Futures

0

0

-

RMB Currency Futures - USD/CNH Futures

6,943

6,276

10.6%

RMB Currency Futures - EUR/CNH Futures

3

2

50.0%

RMB Currency Futures - JPY/CNH Futures

2

0

-

RMB Currency Futures - AUD/CNH Futures

3

8

-62.5%

RMB Currency Futures - CNH/USD Futures

8

46

-82.6%

INR Currency Futures - INR/USD Futures

642

382

68.1%

INR Currency Futures - INR/CNH Futures

0

0

-

USD Gold Futures

20

19

5.3%

CNH Gold Futures

0

1

-100.0%

USD Silver Futures *

9

- 

-

CNH Silver Futures *

0

-

-

Iron Ore Futures – Monthly Contracts

530

339

56.3%

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

169

103

64.1%

USD London Zinc Mini Futures

276

319

-13.5%

USD London Copper Mini Futures

243

165

47.3%

USD London Lead Mini Futures

0

0

-

USD London Nickel Mini Futures

22

24

-8.3%

USD London Tin Mini Futures

0

0

-

Total Options

670,693

600,630

11.7%

Hang Seng Index Options

40,440

38,637

4.7%

Mini Hang Seng Index Options

14,107

11,448

23.2%

Weekly Hang Seng Index Options

4,946

3,922

26.1%

Flexible Hang Seng Index Options

0

0

-

Hang Seng China Enterprises Index Options

80,890

70,584

14.6%

Mini-Hang Seng China Enterprises Index Options

1,635

1,421

15.1%

Weekly Hang Seng China Enterprises Index Options

849

1,172

-27.6%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Stock Options

527,778

473,410

11.5%

RMB Currency Options - USD/CNH Options

48

35

37.1%

Total Futures and Options

1,137,040

1,038,837

9.5%

*  Trading commenced on 08 Jun 2020

 

 

Clearing and Settlement

 

CCASS Statistics (securities market)

 

Jun 2020

 

May 2020

% Change

Average daily number of exchange trades settled by CCASS

1,892,678

1,787,205

5.90%

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

116,704

104,127

12.08%

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

293

261

12.26%

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

99.91

99.93

N/A

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

75.91

57.81

75.68

58.12

N/A

N/A

DCASS Statistics (derivatives market)

 

Jun 2020

 

May 2020

 

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

626,849

679,823

-7.8%

– Stock Futures

16,067

15,713

2.3%

– Interest Rates Futures

105

170

-38.2%

– RMB Currency Futures

24,375

24,389

-0.1%

– INR Currency Futures

285

77

270.1%

– Gold Futures

242

260

-6.9%

– Silver Futures

135

-

-

– Iron Ore Futures

3,184

3,385

-5.9%

– London Metal Mini Futures

407

257

58.4%

– Equity Index Options

2,610,423

2,959,738

-11.8%

– Stock Options

7,904,587

8,678,561

-8.9%

– RMB Currency Options

3,183

3,245

-1.9%

 

 

Year-to-date Statistics

 

Securities Market

Jun 2020

YTD

Jun 2019

YTD

% Change

No. of newly listed companies #

64

84

-23.8%

Average daily turnover by value ($Mil.) ^

117,539

97,927

20.0%

Average share traded per trading day (Mil. Shares)

203,432

296,263

-31.3%

Average no. of trades per trading day

1,834,359

1,603,057

14.4%

Fund raised by IPOs ($Mil.)

87,514

71,843

21.8%

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

225,847

149,231

51.3%

Derivatives Market

Jun 2020

YTD

Jun 2019

YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

496,813

494,141

0.5%

– Stock Futures

4,198

4,881

-14.0%

– Interest Rates Futures

2

0

-

– RMB Currency Futures

7,139

9,019

-20.8%

– INR Currency Futures

718

-

-

– Gold Futures

540

2,143

-74.8%

– Silver Futures

9

-

-

– Iron Ore Futures

445

91

389.0%

– London Metal Mini Futures

548

1

54700.0%

– Equity Index Options

162,915

161,614

0.8%

– Stock Options

501,864

508,206

-1.2%

– RMB Currency Options

47

72

-34.7%

Clearing & Settlement

Jun 2020

YTD

Jun 2019

YTD

% Change

Average daily number of exchange trades handled by CCASS

1,832,812

1,602,353

14.38%

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

110,562

100,473

10.04%

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

274

249

10.04%

# 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 June 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

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

2020/01/17

39,777,043,764,701

2

2020/01/16

39,551,319,127,028

3

2020/01/20

39,488,778,510,620

4

2020/01/14

39,469,416,334,434

5

2020/01/13

39,463,243,881,100

6

2020/01/15

39,394,950,543,287

7

2020/01/10

39,021,167,900,526

8

2020/01/22

38,987,601,396,951

9

2020/01/09

38,879,245,130,409

10

2020/01/02

38,669,079,848,318

 

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

298,812

2020/03/19

22,321

2018/10/26

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