Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - December 2014

Date 07/01/2015

Highlights

- Securities Market

  • Market capitalisation was $25,071.8 billion at the end of 2014, representing a year-on-year increase of 4 per cent.
  • The Hang Seng Index ended 2014 at 23605.04, representing a year-on-year increase of 1 per cent.
  • The average daily turnover in 2014 was $69,456 million, an increase of 11 per cent when compared with $62,560 million in 2013.
  • The average daily turnover of ETFs in 2014 reached $4,727 million, a record high, and an increase of 28 per cent when compared with $3,701 million in 2013.
  • There were 122* newly listed companies in 2014, a record high, and an increase of 11 per cent when compared with the 110* in 2013.
  • IPOs raised $227,741 million in 2014, an increase of 35 per cent when compared with $168,960 million in 2013.
  • Total equity funds raised (including from IPOs) in 2014 reached $935,781 million, a record high, and an increase of 147 per cent when compared with $378,863 million in 2013.

 

- Derivatives Market

  • The average daily turnover of futures and options in 2014 was 576,676 contracts, a record high, and an increase of 8 per cent when compared with the 532,905 contracts in 2013.
  • On 24 December 2014, the open interest of H-shares Index Futures reached a record high of 335,684 contracts.
  • On 5 and 11 December 2014, the turnover and open interest of Mini H-shares Index Futures reached record highs of 51,414 contracts and 16,436 contracts respectively.
  • On 5 and 29 December 2014, the turnover and open interest of H-shares Index Options reached record highs of 115,258 contracts and 1,560,676 contracts respectively.
  • On 5 and 29 December 2014, the turnover and open interest of Stock Options reached record highs of 865,463 contracts and 10,319,511 contracts respectively.

* Includes any transfers of listing from GEM to Main Board

  

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

 

Dec 2014

Dec 2013

End 2013

No. of listed companies

 1,752

1,643

 1,643

Total market capitalisation ($Bil.)

25,071.8

24,042.8

24,042.8

No. of newly listed companies *

17

32

110

No. of listed securities

9,060

8,522

8,522

No. of equity warrants

10

8

8

No. of derivatives warrants

4,938

4,715

4,715

No. of CBBCs

1,579

1,620

1,620

No. of unit trusts

134

129

129

No. of debt securities

640

403

403

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

 

Securities Market Turnover (Main Board and GEM)

 

Dec 2014

Nov 2014

% Change

Monthly turnover ($Mil.) *

2,037,569

1,564,001

30%

Average daily turnover by value ($Mil.) *

97,027

78,200

24%

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) 

 

Dec 2014
($Mil)

Nov 2014
($Mil)

% Change

Equities

1,399,425.42
(68.7%)

1,127,576.95
(72.1%)

24.1%

Derivative warrants

193,767.96
(9.5%)

203,944.26
(13.0%)

-5.0%

CBBCs

134,115.06
(6.6%)

97,162.19
(6.2%)

38.0%

Unit Trusts
(include ETFs)

309,466.59
(15.2%)

134,538.67
(8.6%)

130.0%

( ) % 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 December 2014 was $24,672 million (1.2 % of the securities market total turnover).

 

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

 

Dec 2014

Dec 2013

End 2013

No. of H shares

 202

182

182

No. of Red chips Stocks

133

 122

122

No. of Mainland private enterprises

 541

493

493

Market capitalisation (% of market total)

60.1%

56.9%

56.9%

Turnover value (% of equity turnover)

79.1%

70.3%

71.6%

 

Index Performance
Month-end figures

 

Dec 2014

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEx LargeCap Index

28711.00

-1.5%

2.1%

S&P/HKEx GEM Index

477.72

-6.6%

3.5%

Hang Seng Index

23605.04

-1.6%

1.3%

Hang Seng China Enterprises Index#

11984.69

7.5%

10.8%

Hang Seng China-Affiliated Corporations Index*

4350.00

-4.1%

-4.5%

CES China 120 Index ^

5180.21

17.8%

32.1%

CES China HK Mainland Index +

5918.83

1.4%

5.9%

# - tracks H shares
* - 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)

Dec 2014

Nov 2014

% Change

Total Futures

275,005

219,924

25.0%

Hang Seng Index Futures

72,296

67,860

6.5%

Mini Hang Seng Index Futures

36,768

29,791

23.4%

H-shares Index Futures

130,461

102,785

26.9%

Mini H-shares Index Futures

29,695

16,336

81.8%

HSI Dividend Point Index Futures

0

0

-

HSCEI Dividend Point Index Futures

1,065

795

34.0%

HSI Volatility Index Futures

1

0

-

CES China 120 Index Futures

211

166

27.1%

IBOVESPA Futures

0

0

-

MICEX Index Futures

0

0

-

S&P BSE Sensex Index Futures

0

0

-

FTSE/JSE Top40 Futures

0

0

-

Stock Futures

2,804

1,449

93.5%

3-Month HIBOR Futures

0

0

-

1-Month HIBOR Futures

0

0

-

3-Year Exchange Fund Note Futures

0

0

-

RMB Currency Futures - USD/CNH Futures 

1,286

742

73.3%

Gold Futures

0

0

-

London Aluminium Mini Futures 1

78

-

-

London Zinc Mini Futures 2

135

-

-

London Copper Mini Futures 3

206

-

-

Total Options

595,593

439,722

35.4%

Hang Seng Index Options

33,486

32,554

2.9%

Mini Hang Seng Index Options

4,592

4,501

2.0%

Flexible Hang Seng Index Options

0

0

-

H-shares Index Options

55,578

42,079

32.1%

Flexible H-shares Index Options

131

35

274.3%

Stock Options

501,807

360,552

39.2%

Total Futures and Options

870,598

659,646

32.0%

1 Trading in London Aluminium Mini Futures commenced on 01 Dec 2014
2 Trading in London Zinc Mini Futures commenced on 01 Dec 2014
3 Trading in London Copper Mini Futures commenced on 01 Dec 2014

 

Clearing and Settlement

CCASS Statistics (securities market)

Dec 2014

Nov 2014

% Change

Average daily number of exchange trades handled by CCASS

1,256,911

1,145,328

9.74%

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

100,867

90,338

11.66%

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

501

387

29.46%

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

99.90

99.86

N/A

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

 


71.29
54.09


70.54
53.14


N/A
N/A

DCASS Statistics (derivatives market)

Dec 2014

Nov 2014

% Change

Month-end Open Interest (contracts)

 

 

 

–  Equity Index Futures

421,177

436,165

-3.4%

–  Stock Futures

14,916

11,620

28.4%

–  Interest Rates Futures

5

5

0.0%

–  RMB Currency Futures

9,747

10,897

-10.6%

–  Gold Futures

0

0

-

–  London Metal Mini Futures

2,050

-

-

–  Equity Index Options

1,192,364

1,622,454

-26.5%

–  Stock Options

6,320,147

7,036,888

-10.2%

 

 Year-to-date Statistics

Securities Market

Dec 2014
YTD

Dec 2013
YTD

% Change

No. of newly listed companies #

122

110

10.9%

Average daily turnover by value ($Mil.) ^

69,456

62,560

11.0%

Average share traded per trading day (Mil. Shares)

138,812

141,146

-1.7%

Average no. of trades per trading day

1,062,500

940,454

13.0%

Fund raised by IPOs ($Mil.)

227,741

168,960

34.8%

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

935,781

378,863

147.0%

Derivatives Market

Dec 2014
YTD

Dec 2013
YTD

% Change

Average daily volume (contracts)

 

 

 

– Equity Index Futures

201,367

208,102

-3.2%

– Stock Futures

1,731

1,882

-8.0%

– Interest Rates Futures

0

0

-

– RMB Currency Futures

830

568

46.1%

– Gold Futures

0

0

-

– London Metal Mini Futures

419

-

-

– Equity Index Options

70,915

73,058

-2.9%

– Stock Options

301,797

249,295

21.1%

Clearing & Settlement

Dec 2014
YTD

Dec 2013
YTD

% Change

Average daily number of exchange trades handled by CCASS

1,059,850

939,557

12.80%

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

88,601

82,849

6.94%

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

393

401

-2.00%

# 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 31 December 2014

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

2014/09/04

26,539,532,386,541

2

2014/09/08

26,501,582,795,455

3

2014/09/05

26,496,617,301,003

4

2014/09/03

26,492,566,289,108

5

2014/08/27

26,125,876,675,610

6

2014/09/10

26,107,564,032,838

7

2014/09/11

26,084,005,150,967

8

2014/09/02

26,030,019,362,391

9

2014/09/12

26,029,033,465,423

10

2014/08/20

26,023,954,416,676

 

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

865,463

2014/12/05

10,319,511

2014/12/29

H-shares Index Futures

389,031

2013/06/25

335,684

2014/12/24

Hang Seng Index Futures

271,426

2013/06/25

198,789

2007/06/27

Hang Seng Index Options

116,835

2011/08/05

560,087

2012/06/27

H-shares Index Options

115,258

2014/12/05

1,560,676

2014/12/29

Mini Hang Seng Index Futures

86,812

2011/08/09

21,682

2011/06/17

Mini H-shares Index Futures

51,414

2014/12/05

16,436

2014/12/11

Stock Futures

27,966

2007/03/28

47,050

2013/03/27

HSCEI Dividend Point Index Futures

20,802

2012/05/24

95,673

2013/11/19

Mini Hang Seng Index Options

13,917

2012/05/18

32,651

2012/05/29