Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEX Monthly Market Highlights

Date 05/05/2023

Highlights


- Securities Market

  • Market capitalisation was $35.9 trillion at the end of April 2023.
  • The average daily turnover of ETFs for the first four months of 2023 was $11.6 billion, an increase of 23 per cent when compared with $9.4 billion for the same period last year.
  • The average daily turnover of L&I Products for the first four months of 2023 was $2.3 billion, an increase of 21 per cent when compared with $1.9 billion for the same period last year.
  • There were 22 newly listed companies for the first four months of 2023, an increase of 16 per cent when compared with 19* for the same period last year.


- Derivatives Market

  • The average daily volume of futures and options for the first four months of 2023 was 1,398,771 contracts, an increase of 6 per cent when compared with the 1,324,633 contracts for the same period last year.
  • The average daily volume of equity index futures for the first four months of 2023 was 570,080 contracts, an increase of 2 per cent when compared with the 556,422 contracts for the same period last year.
  • The average daily volume of equity index options for the first four months of 2023 was 153,718 contracts, an increase of 32 per cent when compared with the 116,433 contracts for the same period last year.
  • The average daily volume of Stock Options for the first four months of 2023 was 652,041 contracts, an increase of 5 per cent when compared with the 619,421 contracts for the same period last year.
  • On 25 April 2023, the volume of Hang Seng China Enterprises Index Futures reached a record high of 651,086 contracts.
  • On 24 April 2023, the volume of Hang Seng TECH Index Futures reached a record high of 348,993 contracts.
  • On 26 April 2023, the volume and open interest of MSCI India (USD) Index Futures reached a record high of 8,159 contracts and 2,277 contracts respectively.

* Includes any transfers of listing from GEM to Main Board

 

Listed Securities (Main Board and GEM) 

Month-end figures

 

Apr 2023

Apr 2022

End 2022

No. of listed companies

2,602

2,571

2,597

Total market capitalisation ($Bil.)

35,855.4

37,644.3

35,666.8

No. of newly listed companies *

4

2

90

No. of listed securities

15,047

17,632

15,274

No. of SPAC shares

5

1

5

No. of equity warrants (excluding SPAC warrants)

2

3

2

No. of SPAC warrants

5

1

5

No. of derivatives warrants

6,173

8,566

6,731

No. of inline warrants

7

57

28

No. of CBBCs

4,378

4,460

3,979

No. of unit trusts

186

173

191

No. of debt securities

1,688

1,789

1,735

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

 

Number of Newly Listed Securities (Main Board and GEM) 

 

Apr 2023

Apr 2022

2022

Derivatives warrants

514

801

11,874

CBBCs

1,502

2,174

35,017

Unit trusts

1

0

29

Debt securities

6

31

368

 

Securities Market Turnover (Main Board and GEM) 

 

Apr 2023

Mar 2023

% Change

Monthly turnover ($Mil.) *

1,850,571

2,910,154

-36.4%

Average daily turnover by value ($Mil.) *

108,857

126,528

-14.0%

No. of trading days

17

23

-

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

 

Turnover by Type of Securities (Main Board and GEM) 

 

Apr 2023

($Mil)

Mar 2023

($Mil)

% Change

Equities

1,440,778.20

(77.9%)

2,250,377.41

(77.3%)

-36.0%

Derivative warrants

92,835.27

(5.0%)

140,925.13

(4.8%)

-34.1%

CBBCs

104,875.95

(5.7%)

183,628.86

(6.3%)

-42.9%

Inline warrants

0.58

(0.0%)

1.26

(0.0%)

-54.0%

Unit trusts

(include ETFs)

206,477.91

(11.2%)

316,677.86

(10.9%)

-34.8%

( ) % 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 Apr 2023 was $24,396 million (1.3% of the securities market total turnover).

 

Mainland Enterprises (Main Board and GEM) 

Month-end figures

 

Apr 2023

Apr 2022

End 2022

No. of H shares

320

302

316

No. of Red chips Stocks

176

175

174

No. of Mainland private enterprises

928

893

919

Market capitalisation (% of market total)

76.8%

77.7%

76.9%

Turnover value (% of equity turnover)

89.1%

87.4%

87.3%

 

Index Performance 

Month-end figures

 

Apr 2023

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEX LargeCap Index

28249.99

-5.1%

-7.2%

S&P/HKEX GEM Index

34.22

-7.8%

-11.5%

Hang Seng Index

19894.57

-2.5%

-5.7%

Hang Seng China Enterprises Index

6702.15

-3.8%

-8.2%

Hang Seng China-Affiliated Corporations Index*

4081.00

3.2%

3.9%

CES China 120 Index ^

5622.34

-3.5%

-5.3%

CESChina HK Mainland Index +

5269.86

-6.1%

-13.0%

* - 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

2023

Mar

2023

% Change

Total Futures

577,581

625,869

-7.7%

Hang Seng Index Futures

137,540

152,212

-9.6%

Mini Hang Seng Index Futures

91,372

105,430

-13.3%

HSI (Gross Total Return Index) Futures

0

0

-

HSI (Net Total Return Index) Futures

0

0

-

Hang Seng China Enterprises Index Futures

192,839

194,743

-1.0%

Mini-Hang Seng China Enterprises Index Futures

8,925

11,230

-20.5%

HSCEI (Gross Total Return Index) Futures

0

0

-

HSCEI (Net Total Return Index) Futures

0

0

-

HSI Dividend Point Index Futures

29

43

-32.6%

HSCEI Dividend Point Index Futures

835

1,792

-53.4%

HSI Volatility Index Futures

0

0

-

Hang Seng TECH Index Futures

106,530

113,760

-6.4%

MSCI AC Asia ex Japan NTR Index Futures

24

59

-59.3%

MSCI Australia Net Total Return (USD) Index Futures

0

0

-

MSCI China A 50 Connect (USD) Index Futures

9,348

8,884

5.2%

MSCI China (USD) Index Futures

7

3

133.3%

MSCI China Net Total Return (USD) Index Futures

217

4,563

-95.2%

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

0

1

-100.0%

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

1

0

-

MSCI Emerging Markets Net Total Return (USD) Index Futures

5

10

-50.0%

MSCI Hong Kong Net Total Return (USD) Index Futures

18

198

-90.9%

MSCI India (USD) Index Futures

2,072

1,119

85.2%

MSCI India Net Total Return (USD) Index Futures

2

57

-96.5%

MSCI Indonesia (USD) Index Futures

0

0

-

MSCI Indonesia Net Total Return (USD) Index Futures

2

41

-95.1%

MSCI Japan (JPY) Index Futures

0

0

-

MSCI Japan Net Total Return (JPY) Index Futures

0

0

-

MSCI Japan Net Total Return (USD) Index Futures

0

2

-100.0%

MSCI Malaysia (USD) Index Futures

0

0

-

MSCI Malaysia Net Total Return (USD) Index Futures

1

30

-96.7%

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

1

-100.0%

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

5,285

5,895

-10.3%

MSCI Taiwan 25/50 (USD) Index Futures

13

16

-18.8%

MSCI Taiwan 25/50 Net Total Return (USD) Index Futures

0

0

-

MSCI Taiwan Net Total Return (USD) Index Futures

36

1,035

-96.5%

MSCI Thailand (USD) Index Futures

0

0

-

MSCI Thailand Net Total Return (USD) Index Futures

2

145

-98.6%

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

7,020

7,543

-6.9%

3-Month HIBOR Futures

0

3

-100.0%

1-Month HIBOR Futures

1

1

0.0%

RMB Currency Futures - USD/CNH Futures

13,195

12,657

4.3%

RMB Currency Futures - Mini USD/CNH Futures

1,662

3,395

-51.0%

RMB Currency Futures - EUR/CNH Futures

4

11

-63.6%

RMB Currency Futures - JPY/CNH Futures

0

0

-

RMB Currency Futures - AUD/CNH Futures

0

0

-

RMB Currency Futures - CNH/USD Futures

6

8

-25.0%

INR Currency Futures - INR/USD Futures

590

969

-39.1%

INR Currency Futures - INR/CNH Futures

0

0

-

USD Gold Futures

0

11

-100.0%

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

749,768

888,017

-15.6%

Hang Seng Index Options

22,387

27,723

-19.2%

Mini Hang Seng Index Options

12,427

16,118

-22.9%

Weekly Hang Seng Index Options

11,127

14,190

-21.6%

Flexible Hang Seng Index Options

0

0

-

Hang Seng Index Futures Options

4,441

4,602

-3.5%

Hang Seng China Enterprises Index Options

47,256

55,838

-15.4%

Mini-Hang Seng China Enterprises Index Options

3,104

5,309

-41.5%

Weekly Hang Seng China Enterprises Index Options

3,264

3,702

-11.8%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Hang Seng China Enterprises Index Futures Options

37,703

36,283

3.9%

Hang Seng TECH Index Options

2,458

3,283

-25.1%

Hang Seng TECH Index Futures Options

800

1,267

-36.9%

MSCI Taiwan (USD) Index Options

0

0

-

Stock Options

604,787

719,685

-16.0%

RMB Currency Options - USD/CNH Options

14

17

-17.6%

Total Futures and Options

1,327,349

1,513,886

-12.3%

* Total average daily volume is the sum of the respective average volume of the individual products

 

Clearing and Settlement

CCASS Statistics (securities market)

Apr 2023

Mar 2023

% Change

Average daily number of exchange trades settled by CCASS

1,939,654

2,241,468

-13.46%

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

101,335

107,284

-5.55%

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

140

156

-10.26%

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

99.92

99.93

N/A

Shares deposited in the CCASS depository

– % of total issued shares

– % of the total market capitalisation

 

75.76

63.41

 

75.80

63.88

 

N/A

N/A

DCASS Statistics (derivatives market)

Apr 2023

Mar 2023

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

1,139,797

1,141,859

-0.2%

– Stock Futures

29,151

32,987

-11.6%

– Interest Rates Futures

185

255

-27.5%

– RMB Currency Futures

24,442

22,762

7.4%

– INR Currency Futures

305

169

80.5%

– Gold Futures

25

25

0.0%

– Silver Futures

0

0

-

– Iron Ore Futures

0

0

-

– London Metal Mini Futures

0

0

-

– Equity Index Options

2,580,794

2,514,983

2.6%

– Stock Options

9,898,995

9,973,997

-0.8%

– RMB Currency Options

1,051

1,054

-0.3%

 

Year-to-date Statistics 

Securities Market

Apr 2023

YTD

Apr 2022

YTD

% Change

No. of newly listed companies #

22

19

15.8%

Average daily turnover by value ($Mil.) ^

123,688

139,734

-11.5%

Average share traded per trading day (Mil. Shares)

199,848

267,312

-25.2%

Average no. of trades per trading day

2,166,883

2,309,004

-6.2%

Fund raised by IPOs ($Mil.)*

12,816

15,892

-19.4%

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

53,638

85,113

-37.0%

Derivatives Market

Apr 2023

YTD

Apr 2022

YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

570,080

556,422

2.5%

– Stock Futures

7,180

10,351

-30.6%

– Interest Rates Futures

4

0

-

– RMB Currency Futures

14,825

17,081

-13.2%

– INR Currency Futures

900

1,627

-44.7%

– Gold Futures

4

1,625

-99.8%

– Silver Futures

0

13

-100.0%

– Iron Ore Futures

0

35

-100.0%

– London Metal Mini Futures

0

1,598

-100.0%

– Equity Index Options

153,718

116,433

32.0%

– Stock Options

652,041

619,421

5.3%

– RMB Currency Options

19

27

-29.6%

Clearing & Settlement

Apr 2023

YTD

Apr 2022

YTD

% Change

Average daily number of exchange trades handled by CCASS

2,166,117

2,307,774

-6.14%

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

106,436

121,810

-12.62%

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

157

252

-37.70%

# 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 2023

 

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 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

Hang Seng TECH Index Futures

348,993

2023/04/24

257,389

2023/03/28

Mini Hang Seng Index Futures

298,812

2020/03/19

31,150

2022/09/29

Hang Seng Index Options

140,628

2021/01/11

594,941

2017/11/28

Mini-Hang Seng China Enterprises Index Futures

76,471

2018/02/06

16,436

2014/12/11

Hang Seng China Enterprises Index Futures Options

70,542

2022/12/05

1,173,979

2023/03/16

MSCI China A 50 Connect (USD) Index Futures

65,682

2022/02/16

42,718

2022/01/18