Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - December 2008

Date 07/01/2009


Updated: 31 December 2008

Highlights

- Securities Market

  1. At the end of 2008, market capitalization was $10,299 billion, representing a year-on-year decrease of 50 per cent.
  2. The Hang Seng Index ended 2008 at 14387.48, representing a year-on-year decrease of 48 per cent.
  3. The Hang Seng China Enterprises Index (H-shares Index) ended 2008 at 7891.80, representing a year-on-year decrease of 51 per cent.
  4. The average daily turnover in 2008 was $72,052 million, an 18 per cent decrease from that in 2007.
  5. The average daily turnover of derivative warrant in 2008 was $14,015 million, a 27 per cent decrease from that in 2007.
  6. The average daily turnover of CBBCs in 2008 was $4,243 million, a 1,363 per cent increase from that in 2007.
  7. The average daily turnover of ETFs in 2008 was $1,800 million, a 176 per cent increase from that in 2007.  

- Derivatives Market

  1. The average daily turnover of futures and options for 2008 was 432,126 contracts, a 20 per cent increase from that in 2007.  In addition, the year-to-date turnover exceeding 100 million futures and options contracts for the first time up to 10 December 2008.
  2. Hang Seng Index Futures, Mini-HSI futures and H-shares Index futures volume rose 27 per cent, 84 per cent and 33 per cent respectively in 2008 from that in 2007.
  3. Stock options volume rose 15 per cent to 54,692,865 in 2008 from that in 2007.  

 

Listed Securities (Main Board and GEM)
Month-end figures

 

Dec 2008

Dec 2007

End 2007

No. of listed companies

 1,261

 1,241

 1,241

Total market capitalisation ($Bil.)

 10,299

20,698

 20,698

No. of newly listed companies

 2

 13

 84

No. of listed securities

5,831

6,092

 6,092

No. of equity warrants

 37

 33

 33

No. of derivatives warrants

 3,011

4,483

 4,483

No. of CBBC

 1,314

 131

 131

No. of unit trusts

 33

 26

 26

No. of debt securities

 172

 175

 175

 

Securities Market Turnover (Main Board and GEM)

 

Dec 2008

Nov 2008

% Chan ge

Monthly turnover ($Mil.)

905,448

946,892

-4%

Average daily turnover by value ($Mil.)

43,117

47,345

-9%

No. of trading days

21

20

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Dec 2008
($Mil)

Nov 2008
($Mil)

% Change

Equities

667,224.10
(73.7%)

655,232.18
(69.2%)

1.8%

Derivative warrants

79,103.97
(8.7%)

111,546.51
(11.8%)

-29.1%

CBBC

120,496.54
(13.3%)

134,099.74
(14.2%)

-10.1%

Debt securities

0.25
(0.0%)
(less than 0.1%)

0.25
(0.0%)
(less than 0.1%)

0.4%

( ) % of market total

 

Mainland Enterprises (Main Board and GEM)
Month-end figures

 

Dec 2008

Dec 2007

End 2007

No. of H shares

 150

146

 146

No. of Red chips Stocks

 93

93

 93

No. of NHMPE

 222

200

 200

Market capitalisation (% of market total)

59.8%

58.2%

58.2%

Turnover value (% of equity turnover)

73.2%

71.1%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Dec 2008

% Change
over
1 Month

% Change
over 12 Months

S&P/HKEx LargeCap Index

17891.16

3.5%

-46.9%

S&P/HKEx GEM Index

385.47

9.5%

-71.4%

Hang Seng Index

14387.48

3.6%

-48.3%

Hang Seng China Enterprises Index#

7891.80

9.5%

-51.1%

Hang Seng China-Affiliated Corporations Index*

3292.40

9.9%

-46.1%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Dec 2008

Nov 2008

% Change

Total Futures

164,009

208,624

-21.4%

Hang Seng Index Futures

74,311

94,161

-21.1%

Mini Hang Seng Index Futures

33,610

41,612

-19.2%

H-shares Index Futures

51,947

67,800

-23.4%

Mini H-shares Index Futures

2,822

3,321

-15.0%

Hang Seng China H-Financials Index Futures 1

0

0

-

FTSE/Xinhua China 25 Index Futures 2

0

0

-

Stock Futures

1,170

1,599

-26.8%

3-Month HIBOR Futures

104

100

4.0%

1-Month HIBOR Futures

5

1

400.0%

3-Year Exchange Fund Note Futures

0

0

-

Gold Futures

41

31

32.3%

Total Options

213,947

194,510

10.0%

Hang Seng Index Options

14,800

13,554

9.2%

Mini Hang Seng Index Options

691

731

-5.5%

H-shares Index Options

9,373

8,713

7.6%

FTSE/Xinhua China 25 Index Options 3

0

0

-

Stock Options

189,084

171,512

10.2%

Total Futures and Options

377,956

403,134

-6.2%

1 -   Trading in Hang Seng China H-Financials Index Futures suspended with effect from 24 Dec 2008
2 -   Trading in FTSE/Xinhua China 25 Index Futures suspended with effect from 31 Dec 2008
3 -   Trading in FTSE/Xinhua China 25 Index Options suspended with effect from 24 Dec 2008

 

Clearing and Settlement

CCASS Statistics (securities market)

Dec 2008

Nov 2008

% Change

Average daily number of exchange trades handled by CCASS

564,622

603,309

-6.41%

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

59,684

59,215

0.79%

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

498

502

-0.80%

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

99.85

99.80

N/A

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


72.57%
44.62%


73.48%
44.27%


N/A
N/A

DCASS Statistics (derivatives market)

Dec 2008

Nov 2008

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

172,444

202,147

-14.7%

  -   Stock Futures

9,449

9,973

-5.3%

  -   Interest Rates Futures

2,526

3,370

-25.0%

  -   Gold Futures

132

57

131.6%

  -   Equity Index Options

137,217

287,171

-52.2%

  -   Stock Options

3,984,346

5,390,667

-26.1%

 

Year-to-date Statistics

Securities Market

Dec 2008
YTD

Dec 2007
YTD

% Change

No. of newly listed companies

35

84

-58%

Average daily turnover by value ($Mil.)

72,052

88,071

-18%

Average share traded per trading day (Mil. Shares)

110,630

94,160

17%

Average no. of trades per trading day

577,122

616,201

-6%

Fund raised by IPOs ($Mil.)

65,976

292,437

-77%

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

403,691

590,846

-32%

Derivatives Market

Dec 2008
YTD

Dec 2007
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

182,868

131,999

38.5%

- Stock Futures

1,058

1,435

-26.3%

- Interest Rates Futures

102

132

-22.7%

- Gold Futures

62

-

-

- Equity Index Options

23,013

37,874

-39.2%

- Stock Options

225,074

187,686

19.9%

Clearing & Settlement

Dec 2008
YTD

Dec 2007
YTD

% Change

Average daily number of exchange trades handled by CCASS

577,110

616,195

-6.34%

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

63,433

66,818

-5.07%

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

566

945

-40.11%

* Provisional figures only

 

Historical Records
up to 31December 2008

Top 10 Hang Seng Index Closes

Rank

Date

Close

1

2007/10/30

31638.22

2

2007/10/29

31586.90

3

2007/11/01

31492.88

4

2007/10/31

31352.58

5

2007/11/02

30468.34

6

2007/10/26

30405.22

7

2007/10/25

29854.49

8

2007/11/07

29708.93

9

2007/12/06

29558.92

10

2007/10/15

29540.78

 

Top 10 Daily Market Turnover
(Main Board and GEM)

Rank

Date

Turnover ($)

1

2007/10/03

210,505,533,155

2

2007/10/16

201,413,369,933

3

2007/10/12

195,962,197,177

4

2007/10/30

185,681,499,300

5

2007/10/11

179,409,273,541

6

2007/10/29

178,382,190,802

7

2007/10/15

174,984,449,067

8

2007/11/06

170,352,755,573

9

2007/10/18

169,121,203,305

10

2007/10/25

165,926,117,174

 

Top 10 Market Capitalisation
(Main Board and GEM)

Rank

Date

Market Capitalisation($)

1

2007/10/30

23,196,977,098,941

2

2007/11/01

23,176,749,100,222

3

2007/10/29

23,070,544,404,276

4

2007/10/31

23,069,877,573,111

5

2007/11/02

22,518,847,046,433

6

2007/10/26

22,285,176,719,928

7

2007/11/07

22,202,420,942,652

8

2007/11/06

21,960,903,395,247

9

2007/10/25

21,942,008,331,692

10

2007/12/06

21,764,884,238,904

 

Record High for Top-5 Derivatives Market Products (Based on Contract Volume)

Product

Record High Daily Volume

Record High Open Interest

 

Contracts

Date

Contracts

Date

Stock Options

805,947

2008/03/27

8,302,290

2007/11/28

Hang Seng Index Futures

224,461

2008/10/28

198,789

2007/06/27

H-shares Index Futures

219,689

2008/10/28

156,841

2008/03/26

Hang Seng Index Options

85,981

2007/11/28

476,682

2007/08/29

Mini Hang Seng Index Futures

63,991

2008/01/24

10,673

2008/10/29