Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - January 2008

Date 06/02/2008

Highlights

Securities Market

  • On 22 January 2008, the Hang Seng Index and Hang Seng China Enterprises Index (H-shares Index) fell 2061.23 points and 1619.54 points respectively, their largest single-day point declines in history.
  • On 23 January 2008, the Hang Seng Index and Hang Seng China Enterprises Index (H-shares Index) rose 2332.54 points and 1367.62 points respectively, their largest single-day point advances in history.

Derivatives Market

  • On 25 January 2008, the daily turnover for Stock Options reached a record high of 464,191contracts.
  • On 29 January 2008, the daily turnover for H-shares Index Futures reached a record high of 156,801 contracts, and its total open interest also reached a record high of 156,015 contracts.

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

 

 

Jan 2008

Jan 2007

End 2007

No. of listed companies

 1,240

 1,172

 1,241

Total market capitalisation ($Bil.)

 17,221

 13,343

 20,698

No. of newly listed companies

 1

 1

 84

No. of listed securities

 6,556

 3,700

 6,092

No. of equity warrants

 37

 26

 33

No. of derivatives warrants

 4,928

 2,267

 4,483

No. of CBBC

 149

 37

 131

No. of unit trusts

 26

 15

 26

No. of debt securities

 173

 179

 175

 

Securities Market Turnover (Main Board and GEM)

 

 

Jan 2008

Dec 2007

% Chan ge

Monthly turnover ($Mil.)

2,629,311

1,845,218

42%

Average daily turnover by value ($Mil.)

119,514

97,117

23%

No. of trading days

22

19

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Jan 2008($Mil)

Dec 2007($Mil)

% Chan ge

Equities

1,859,026.63
(70.7%)

1,291,476.48
(69.8%)

43.9%

Derivative warrants

714,614.21
(27.2%)

530,027.29
(28.7%)

34.8%

CBBC

25,777.88
(1.0%)

12,929.88
(0.7%)

99.4%

Debt securities

2.08
(0.0%)
(less than 0.1%)

2.01
(0.0%)
(less than 0.1%)

3.2%

( ) % of market total

 

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

 

 

Jan 2008

Jan 2007

End 2007

No. of H shares

 146

 141

 146

No. of Red chips Stocks

 93

 89

 93

No. of NHMPE

 200

 135

 200

Market capitalisation (% of market total)

56.2%

49.2%

58.2%

Turnover value (% of equity turnover)

69.7%

67.9%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Jan 2008

% Chan ge over 1 Month

% Chan ge YTD

S&P/HKEx LargeCap Index

28514.84

-15.4%

19.7%

S&P/HKEx GEM Index

1000.89

-25.8%

-20.2%

Hang Seng Index

23455.74

-15.7%

16.7%

Hang Seng China Enterprises Index#

12485.07

-22.6%

30.0%

Hang Seng China-Affiliated Corporations Index*

5091.80

-16.7%

51.1%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Jan 2008

Dec 2007

% Change

Total Futures

197,817

142,788

3 8.5%

Hang Seng Index Futures

95,027

70,4 3 7

3 4.9%

Mini Hang Seng Index Futures

3 9, 3 3 9

27,898

41.0%

H-shares Index Futures

62,527

4 3 ,462

4 3 .9%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

1

2

-50.0%

Stock Futures

748

841

-11.1%

3-Month HIBOR Futures

170

129

3 1.8%

1-Month HIBOR Futures

5

11

-54.5%

3-Year Exchange Fund Note Futures

0

8

-100.0%

Total Options

272, 3 3 7

224,891

21.1%

Hang Seng Index Options

16,451

14,854

10.8%

Mini Hang Seng Index Options

3 54

20 3

74.4%

H-shares Index Options

4,882

4,9 3 3

-1.0%

FTSE/Xinhua China 25 Index Option

10

0

-

Stock Options

250,6 3 9

204,900

22. 3 %

Total Futures and Options

470,15 3

3 67,678

27.9%

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Jan 2008

Dec 2007

% Change

Average daily number of exchange trades handled by CCASS

745,843

609,265

22.42%

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

76,222

75,852

0.49%

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

765

781

-2.05%

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

99.78

99.77

N/A

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


76.05%
46.41%


74.95%
47.02%


N/A
N/A

DCASS Statistics (derivatives market)

Jan 2008

Dec 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

227,65 3

206,756

10.1%

  -   Stock Futures

5,128

5,954

-1 3 .9%

  -   Interest Rates Futures

2,508

2,1 3 2

17.6%

  -   Equity Index Options

276,667

251,1 3 8

10.2%

  -   Stock Options

6,222,8 3 4

5, 3 14,918

17.1%

 

Year-to-date Statistics

 

Securities Market

Jan 2008
YTD

Jan 2007
YTD

% Change

No. of newly listed companies

1

1

0%

Average daily turnover by value ($Mil.)

119,514

57,574

108%

Average share traded per trading day (Mil. Shares)

177,656

54,840

224%

Average no. of trades per trading day

745,856

450,034

66%

Fund raised by IPOs ($Mil.)

0

249

-100%

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

11,154

4,646

140%

Derivatives Market

Jan 2008
YTD

Jan 2007
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

196,894

108,1 3 7

82.1%

- Stock Futures

748

1,247

-40.0%

- Interest Rates Futures

176

156

12.8%

- Equity Index Options

21,698

32,130

- 3 2.5%

- Stock Options

250,6 3 9

1 3 2,258

89.5%

Clearing & Settlement

Jan 2008
YTD

Jan 2007
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

745,843

450,028

65.73%

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

76,222

49,823

52.99%

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

765

854

-10.42%

* Provisional figures only

 

Historical Records
up to 31  January  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

464,191

2008/01/25

8, 3 02,290

2007/11/28

Hang Seng Index Futures

201,717

2007/09/25

198,789

2007/06/27

H-shares Index Futures

156,801

2008/01/29

156,015

2008/01/29

Hang Seng Index Options

85,981

2007/11/28

476,682

2007/08/29

Mini Hang Seng Index Futures

63,991

2008/01/24

10,2 3 8

2006/11/06