Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - December 2010

Date 06/01/2011

- Securities Market

  • Market capitalisation reached $21.077 trillion at the end of 2010, representing a year-on-year increase of 18 per cent.
  • The Hang Seng Index ended 2010 at 23035.45, representing a 5 per cent increase year-on-year.
  • Equity funds raised (including IPOs) reached a record high of $850,115 million in 2010, an increase of 32 per cent when compared with $642,118 million in 2009.
  • Funds raised through initial public offerings also reached a record high of $444,973 million in 2010, an increase of 79 per cent when compared with the $248,227 million raised in 2009.
  • There were 113* newly-listed companies on the stock exchange in 2010, an increase of 55 per cent when compared with 73* newly-listed companies in 2009.
  • The average daily turnover in 2010 was $69,117 million, an increase of 11 per cent when compared with $62,310 million in 2009.
  • The average daily turnover of derivative warrants in 2010 was $10,813 million, an increase of 63 per cent when compared with $6,646 million for the same period in 2009.
  • The first HDR’s, Vale S.A., commenced trading on 8 December 2010.

    * Included twelve companies which transferred their listings from the GEM to the Main Board in 2010, compared with four companies in 2009.

 

- Derivatives Market

  • The average daily turnover of futures and options in 2010 was 467,961 contracts, an increase of 18 per cent when compared with the 398,134 contracts in 2009.
  • The average daily turnover of equity index options in 2010 was 48,073 contracts, an increase of 56 per cent when compared with the 30,768 contracts in 2009.
  • On 28 December 2010, the open interest of Mini H-shares Index Futures reached a record high of 2,728 contracts.
  • Also on 29 December 2010, the open interest of Hang Seng Index Options reached a record high of 477,129 contracts.
  • The average daily turnover of stock options for 2010 was 246,474 contracts, an increase of 29 per cent when compared with the turnover of 191,676 contracts in 2009.

 

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

 

 

Dec 2010

Dec 2009

End 2009

No. of listed companies

 1,413

 1,319

 1,319

Total market capitalisation ($Bil.)

21,077

17,874

17,874

No. of newly listed companies *

21

15

73

No. of listed securities

7,900

6,616

6,616

No. of equity warrants

23

 26

 26

No. of derivatives warrants

5,148

3,367

3,367

No. of CBBC

1,064

1,692

1,692

No. of unit trusts

79

52

52

No. of debt securities

169

157

157

* Includes the number of transfers of listing from GEM to Main Board

 

Securities Market Turnover (Main Board and GEM)

 

 

Dec 2010

Nov 2010

% Change

Monthly turnover ($Mil.) *

1,396,362

2,168,192

-36%

Average daily turnover by value ($Mil.) *

63,471

98,554

-36%

No. of trading days

22

22

-

* Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010

 

  

Turnover by Type of Securities (Main Board and GEM)

 

 

Dec 2010
($Mil)

Nov 2010
($Mil)

% Change

Equities

978,064.53
(70.0%)

1,478,288.16
(68.2%)

-33.8%

Derivative warrants

227,379.87
(16.3%)

374,537.27
(17.3%)

-39.3%

CBBC

136,209.44
(9.8%)

223,554.29
(10.3%)

-39.1%

Debt securities

0.10
(0.0%)
(less than 0.1%)

0.00
(0.0%)

-

( ) % of market total
Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010

 

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

 

 

Dec 2010

Dec 2009

End 2009

No. of H shares

 163

156

156

No. of Red chips Stocks

102

 97

 97

No. of NHMPE

 327

 271

 271

Market capitalisation (% of market total)

56.6%

58.4%

58.4%

Turnover value (% of equity turnover)

65.8%

72.5%

71.6%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures 

 

 

Dec 2010

% Change over
1 Month

% Change over
12 Months

S&P/HKEx LargeCap Index

27392.78

0.2%

7.2%

S&P/HKEx GEM Index

810.52

-3.4%

19.7%

Hang Seng Index

23035.45

0.1%

5.3%

Hang Seng China Enterprises Index#

12692.43

-1.0%

-0.8%

Hang Seng China-Affiliated Corporations Index*

4170.15

1.5%

2.7%

# - tracks H shares
* - tracks Red chips

 

 Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Dec 2010

Nov 2010

% Change

Total Futures

162,369

201,563

-19.4%

Hang Seng Index Futures

78,564

102,113

-23.1%

Mini Hang Seng Index Futures

32,992

36,529

-9.7%

H-shares Index Futures

44,811

54,629

-18.0%

Mini H-shares Index Futures

4,488

5,961

-24.7%

HSI Dividend Point Index Futures 1

31

67

-53.7%

HSCEI Dividend Point Index Futures 2

26

187

-86.1%

Stock Futures

1,426

2,032

-29.8%

3-Month HIBOR Futures

8

8

0.0%

1-Month HIBOR Futures

0

0

-

3-Year Exchange Fund Note Futures

0

0

-

Gold Futures

21

38

-44.7%

Total Options

317,738

416,237

-23.7%

Hang Seng Index Options

36,691

48,987

-25.1%

Mini Hang Seng Index Options

2,265

2,924

-22.5%

Flexible Hang Seng Index Options 3

153

0

-

H-shares Index Options

14,243

15,730

-9.5%

Flexible H-shares Index Options 4

0

0

-

Stock Options

264,386

348,595

-24.2%

Total Futures and Options

480,107

617,800

-22.3%

1 Trading in HSI Dividend Point Index Futures commenced on 01 Nov 2010
2 Trading in HSCEI Dividend Point Index Futures commenced on 01 Nov 2010
3 Trading in Flexible Hang Seng Index Options commenced on 08 Feb 2010
4 Trading in Flexible H-shares Index Options commenced on 08 Feb 2010

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Dec 2010

Nov 2010

% Change

Average daily number of exchange trades handled by CCASS

740,199

988,134

-25.09%

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

86,138

95,623

-9.92%

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

533

762

-30.05%

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

99.85

99.86

N/A

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


71.80%
49.57%


72.34%
50.88%


N/A
N/A

DCASS Statistics (derivatives market)

Dec 2010

Nov 2010

% Change

Month-end Open Interest (contracts)

 

 

 

  –  Equity Index Futures

195,184

205,265

-4.9%

  –  Stock Futures

11,514

12,874

-10.6%

  –  Interest Rates Futures

267

208

28.4%

  –  Gold Futures

85

173

-50.9%

  –  Equity Index Options

298,137

572,485

-47.9%

  –  Stock Options

5,381,215

7,263,272

-25.9%

 

Year-to-date Statistics

 

Securities Market

Dec 2010
YTD

Dec 2009
YTD

% Change

No. of newly listed companies #

113

73

55%

Average daily turnover by value ($Mil.) ^

69,117

62,310

11%

Average share traded per trading day (Mil. Shares)

140,527

99,574

41%

Average no. of trades per trading day

778,878

713,420

9%

Fund raised by IPOs ($Mil.)

444,973

248,227

79%

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

850,115

642,118

32%

Derivatives Market

Dec 2010
YTD

Dec 2009
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

172,422

174,553

-1.2%

– Stock Futures

965

1,098

-12.1%

– Interest Rates Futures

4

11

-63.6%

– Gold Futures

23

27

-14.8%

– Equity Index Options

48,073

30,768

56.2%

– Stock Options

246,474

191,676

28.6%

Clearing & Settlement

Dec 2010
YTD

Dec 2009
YTD

% Change

Average daily number of exchange trades handled by CCASS

778,854

713,412

9.17%

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

80,149

69,658

15.06%

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

574

560

2.50%

# Includes the number of transfers of listing from GEM to Main Board
^  Turnover value for traded in non-HKD currency securities have been included start from 29 November 2010
* Provisional figures only

 

Historical Records
up to 31 December 2010

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

2010/11/08

        22,297,367,476,072

7

2007/10/26

        22,285,176,719,928

8

2007/11/07

        22,202,420,942,652

9

2010/11/11

        22,177,709,007,319

10

2010/11/05

        22,168,061,232,445

 

 

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

8,825,259

2010/11/26

Hang Seng Index Futures

228,392

2010/10/26

198,789

2007/06/27

H-shares Index Futures

219,689

2008/10/28

162,527

2010/10/27

Hang Seng Index Options

85,981

2007/11/28

477,129

2010/12/29

Mini Hang Seng Index Futures

63,991

2008/01/24

11,148

2009/07/29