Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEX Monthly Market Highlights

Date 05/10/2018

HIGHLIGHTS

- Securities Market

  • The average daily turnover for the first nine months of 2018 was $114.7 billion, an increase of 40 per cent when compared with $82.0 billion for the same period last year.
  • The average daily turnover of derivative warrants for the first nine months of 2018 was $16.3 billion, an increase of 47 per cent when compared with $11.1 billion for the same period last year.
  • The average daily turnover of CBBCs for the first nine months of 2018 was $7.2 billion, an increase of 64 per cent when compared with $4.4 billion for the same period last year.
  • Funds raised through IPOs for the first nine months of 2018 was $242.7 billion, an increase of 177 per cent when compared with $87.6 billion for the same period last year.
  • Total funds raised for the first nine months of 2018 was $445.9 billion, an increase of 41 per cent when compared with $316.6 billion for the same period last year.
  • There were 166* newly listed companies for the first nine months of 2018, an increase of 46 per cent when compared with 114* for the same period last year.

 

- Derivatives Market

  • The average daily turnover of futures and options for the first nine months of 2018 was 1,197,645 contracts, an increase of 45 per cent when compared with the 823,469 contracts for the same period last year.
  • The average daily turnover of equity index futures for the first nine months of 2018 was 493,358 contracts, an increase of 67 per cent when compared with the 294,951 contracts for the same period last year.
  • The average daily turnover of RMB Currency Futures for the first nine months of 2018 was 7,436 contracts, an increase of 153 per cent when compared with the 2,940 contracts for the same period last year.
  • On 14 September 2018, the open interest of RMB Currency Options – USD/CNH Options reached a record high of 10,827 contracts.
  • On 26 September 2018, the open interest of Hang Seng China Enterprises Index Futures and Hang Seng China Enterprises Index Options reached a record high of 523,247 contracts and 3,631,457 contracts respectively.

* Includes any transfers of listing from GEM to Main Board

 

LISTED SECURITIES (MAIN BOARD AND GEM)

 

Month-end figures

 

Sep 2018

Sep 2017

End 2017

No. of listed companies

2,268

2,069

2,118

Total market capitalisation ($Bil.)

32,166.6

31,412.4

33,998.8

No. of newly listed companies *

16

11

174

No. of listed securities

13,728

11,862

12,803

No. of equity warrants

2

8

8

No. of derivatives warrants

7,229

5,373

6,094

No. of CBBCs

2,911

3,257

3,374

No. of unit trusts

146

146

145

No. of debt securities

1,155

996

1,047

 

 

 

 

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


 

SECURITIES MARKET TURNOVER (MAIN BOARD AND GEM)

 

 

Sep 2018

Aug 2018

% Change

Monthly turnover ($Mil.) *

1,738,937

2,169,961

-19.9%

Average daily turnover by value ($Mil.) *

91,523

94,346

-3.0%

No. of trading days

19

23

-

 

 

 

 

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

 

TURNOVER BY TYPE OF SECURITIES (MAIN BOARD AND GEM)

 

 

Sep 2018
($Mil)

Aug 2018
($Mil)

% Change

Equities

1,282,869.81
(73.8%)

1,651,415.19
(76.1%)

-22.3%

Derivative warrants

250,470.16
(14.4%)

301,088.20
(13.9%)

-16.8%

CBBCs

128,471.06
(7.4%)

129,397.13
(6.0%)

-0.7%

Unit Trusts

(include ETFs) 

72,899.63
(4.2%)

82,442.81
(3.8%)

-11.6%

 



 

( ) % 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 September 2018 was $27,820 million (1.6% of the securities market total turnover).

 

MAINLAND ENTERPRISES (MAIN BOARD AND GEM)

 

Month-end figures

 

Sep 2018

Sep 2017

End 2017

No. of H shares

261

249

252

No. of Red chips Stocks

164

158

159

No. of Mainland private enterprises

690

627

640

Market capitalisation (% of market total)

67.6%

65.4%

66.2%

Turnover value (% of equity turnover)

78.7%

77.7%

76.1%

 

 

 

 

 

INDEX PERFORMANCE

 

Month-end figures

 

Sep 2018

% Change 
over 1 Month

% Change 
over 12 Months

S&P/HKEX LargeCap Index

36129.08

-0.2%

2.1%

S&P/HKEX GEM Index

183.21

-8.1%

-31.6%

Hang Seng Index

27788.52

-0.4%

0.9%

Hang Seng China Enterprises Index

11017.87

1.3%

1.0%

Hang Seng China-Affiliated Corporations Index*

4448.84

3.1%

3.5%

CES China 120 Index ^

6304.51

2.6%

1.1%

CESChina HK Mainland Index +

7604.83

-0.4%

3.6%

 

 



* - 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)

Sep 2018

Aug 2018

% Change

Total Futures

561,080

486,104

15.4%

Hang Seng Index Futures

258,850

218,560

18.4%

Mini Hang Seng Index Futures

105,496

87,827

20.1%

Hang Seng China Enterprises Index Futures

158,389

143,073

10.7%

Mini-Hang Seng China Enterprises Index Futures

20,285

18,573

9.2%

HSI Dividend Point Index Futures

42

4

950.0%

HSCEI Dividend Point Index Futures

2,766

1,005

175.2%

HSI Volatility Index Futures

0

0

-

MSCI AC Asia ex Japan NTR Index Futures

69

24

187.5%

CES China 120 Index Futures

1

1

0.0%

CES Gaming Top 10 Index Futures

0

1

-100.0%

Hang Seng Mainland Oil & Gas Index Futures

53

56

-5.4%

Hang Seng Mainland Banks Index Futures

19

13

46.2%

Hang Seng Mainland Healthcare Index Futures

0

0

-

Hang Seng Mainland Properties Index Futures

142

183

-22.4%

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

6,439

4,419

45.7%

3-Month HIBOR Futures

6

1

500.0%

1-Month HIBOR Futures

1

0

-

RMB Currency Futures - USD/CNH Futures

7,408

10,784

-31.3%

RMB Currency Futures - EUR/CNH Futures

45

84

-46.4%

RMB Currency Futures - JPY/CNH Futures

8

19

-57.9%

RMB Currency Futures - AUD/CNH Futures

12

12

0.0%

RMB Currency Futures - CNH/USD Futures

45

65

-30.8%

USD Gold Futures

984

1,341

-26.6%

CNH Gold Futures

9

20

-55.0%

Iron Ore Futures – Monthly Contracts

9

36

-75.0%

Iron Ore Futures – Quarterly Contracts

0

0

-

London Aluminium Mini Futures

0

0

-

London Zinc Mini Futures

3

3

0.0%

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

703,005

597,082

17.7%

Hang Seng Index Options

57,180

45,919

24.5%

Mini Hang Seng Index Options

10,377

8,247

25.8%

Flexible Hang Seng Index Options

0

0

-

Hang Seng China Enterprises Index Options

107,416

85,066

26.3%

Mini-Hang Seng China Enterprises Index Options

1,739

1,262

37.8%

Flexible Hang Seng China Enterprises Index Options

0

0

-

Stock Options

526,146

456,314

15.3%

RMB Currency Futures - USD/CNH Options

147

274

-46.4%

Total Futures and Options

1,264,085

1,083,186

16.7%

 

 

 

 

 

 

CLEARING AND SETTLEMENT

 

CCASS Statistics (securities market)

Sep 2018

Aug 2018

% Change

Average daily number of exchange trades settled by CCASS

1,474,647

1,526,623

-3.40%

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

97,957

93,572

4.69%

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

257

267

-3.75%

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

99.89

99.93

N/A

Shares deposited in the CCASS depository

– % of total issued shares

– % of the total market capitalisation


75.87

58.33


75.80

58.97


N/A

N/A

DCASS Statistics (derivatives market)

Sep 2018

Aug 2018

% Change

Month-end Open Interest (contracts)

 

 

 

– Equity Index Futures

673,906

642,951

4.8%

– Stock Futures

18,058

24,464

-26.2%

– Interest Rates Futures

415

456

-9.0%

– RMB Currency Futures

33,334

38,851

-14.2%

– Gold Futures

246

375

-34.4%

– Iron Ore Futures

426

322

32.3%

– London Metal Mini Futures

4

9

-55.6%

– Equity Index Options

3,321,193

3,609,789

-8.0%

– Stock Options

8,465,878

10,313,958

-17.9%

– RMB Currency Options

8,689

10,126

-14.2%

 

 

 

 

 

YEAR-TO-DATE STATISTICS

 

Securities Market

Sep 2018

YTD

Sep 2017

YTD

% Change

No. of newly listed companies #

166

114

45.6%

Average daily turnover by value ($Mil.) ^

114,734

81,971

40.0%

Average share traded per trading day (Mil. Shares)

219,883

174,617

25.9%

Average no. of trades per trading day

1,648,034

1,186,506

38.9%

Fund raised by IPOs ($Mil.)

242,673

87,574

177.1%

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

445,914

316,561

40.9%

Derivatives Market

Sep 2018
YTD

Sep 2017
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

493,358

294,951

67.3%

– Stock Futures

2,551

522

388.7%

– 5-Year MOF T-Bond Futures

-

70

-

– Interest Rates Futures

4

2

100.0%

– RMB Currency Futures

7,436

2,940

152.9%

– Gold Futures

1,363

756

80.3%

– Iron Ore Futures

28

-

-

– London Metal Mini Futures

8

11

-27.3%

– Equity Index Options

158,820

128,215

23.9%

– Stock Options

533,972

396,491

34.7%

– RMB Currency Options

105

67

56.7%

Clearing & Settlement

Sep 2018
YTD

Sep 2017
YTD

% Change

Average daily number of exchange trades handled by CCASS

1,647,388

1,185,894

38.92%

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

104,224

89,413

16.56%

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

334

330

1.21%

 

 

 

 

 

 

# 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 September 2018

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

523,247

2018/09/26

Hang Seng Index Futures

421,806

2018/06/26

206,082

2017/06/27

Hang Seng China Enterprises Index Options

232,994

2018/02/09

3,631,457

2018/09/26

Mini Hang Seng Index Futures

215,927

2018/02/07

21,682

2011/06/17

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

RMB Currency Futures - USD/CNH Futures

22,105

2018/08/06

46,711

2017/01/04