Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - June 2007

Date 06/07/2007

Highlights

  • The securities market turnover for June reached a single-month record high of $1,558,959 million while average daily turnover of $77,948 million was also the highest in history.
  • Total trading volume of all derivatives products in June 2007 reached a record high of 6,997,218 contracts.
  • On 20 June 2007, the securities market turnover reached a record high of $122,262 million.
  • On 22 June 2007, the Hang Seng Index reached a record closing high of 21999.91.
  • On 22 June 2007, the Hang Seng China Enterprises Index (H-shares Index) reached a record closing high of 12239.71.
  • On 22 June 2007, the securities market capitalisation reached an all-time closing high of $16,004 billion, exceeding $16 trillion for the first time.
  • On 22 June 2007, derivative warrants turnover reached a record high of $22,836 million.
  • On 27 June 2007, the daily turnover for all derivatives products reached a record high of 703,302 contracts while the total open interest for all derivatives products reached a record high of 5,771,075 contracts.

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

 

 

Jun 2007

Jun 2006

End 2006

No. of listed companies

 1,196

 1,148

 1,173

Total market capitalisation ($Bil.)

 15,855

9,840

13,338

No. of newly listed companies

 8

 5

 62

No. of listed securities

 4,147

 2,860

 3,383

No. of equity warrants

 30

 29

 28

No. of derivatives warrants

 2,681

 1,481

 1,959

No. of CBBC

 37

 11

 24

No. of unit trusts

 24

 14

 15

No. of debt securities

 175

 174

 180

 

Securities Market Turnover (Main Board and GEM)

 

 

Jun 2007

May 2007

% Chan ge

Monthly turnover ($Mil.)

1,558,959

 1,333,976

17%

Average daily turnover by value ($Mil.)

      77,948

      63,523

23%

No. of trading days

    20

    21

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Jun 2007($Mil)

May 2007($Mil)

% Chan ge

Equities

1,228,620.21
(78.8%)

1,108,965.27
(83.1%)

10.8%

Derivative warrants

312,097.74
(20.0%)

203,518.52
(15.3%)

53.4%

CBBC

2,145.58
(0.1%)

1,979.39
(0.1%)

8.4%

Debt securities

0.30
(0.0%)
(less than 0.1%)

0.10
(0.0%)
(less than 0.1%)

202.1%

( ) % of market total

 

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

 

 

Jun 2007

Jun 2006

End 2006

No. of H shares

143

130

141

No. of Red chips Stocks

91

91

90

No. of NHMPE

143

129

136

Market capitalisation (% of market total)

52.8%

43.6%

50.3%

Turnover value (% of equity turnover)

64.7%

61.8%

60.0%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Jun 2007

% Chan ge over 1 Month

% Chan ge YTD

S&P/HKEx LargeCap Index

26123.04

6.1%

36.7%

S&P/HKEx GEM Index

1631.52

1.7%

38.5%

Hang Seng Index

21772.73

5.5%

33.8%

Hang Seng China Enterprises Index#

12001.12

11.7%

76.9%

Hang Seng China-Affiliated Corporations Index*

4131.58

14.2%

79.4%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts) #

Jun 2007

May 2007

% Change

Total Futures

121, 3 92

102,770

18.1%

Hang Seng Index Futures

66, 3 25

58,787

12.8%

Mini Hang Seng Index Futures

11,125

11,666

-4.6%

H-shares Index Futures

4 3 ,155

3 1,70 3

3 6.1%

Hang Seng China H-Financials Index Futures1

16

3 4

-52.9%

FTSE/Xinhua China 25 Index Future

6

11

-45.5%

Stock Futures

662

454

45.8%

3-Month HIBOR Futures

102

114

-10.5%

1-Month HIBOR Futures

1

1

0.0%

3-Year Exchange Fund Note Futures

0

0

-

Total Options

228,469

144,428

58.2%

Hang Seng Index Options

3 7,98 3

29,206

3 0.1%

Mini Hang Seng Index Options

191

152

25.7%

H-shares Index Options

8, 3 46

5,972

3 9.8%

FTSE/Xinhua China 25 Index Option

3

2

50.0%

Stock Options

181,947

109,097

66.8%

Total Futures and Options

3 49,862

247,199

41.5%

 

# Total average daily volume is the sum of the respective average daily volume of the individual products.
1  Trading in Hang Seng China H-Financials Index Futures commenced on 16 Apr 2007 .

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Jun 2007

May 2007

% Change

Average daily number of exchange trades handled by CCASS

 621,636

550,340

12.95%

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

66,412

58,941

12.68%

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

949

938

1.17%

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

99.69

99.68

N/A

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


65.62%
42.40%


63.38%
41.29%


N/A
N/A

DCASS Statistics (derivatives market)

Jun 2007

May 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

218,751

218,074

0. 3 %

  -   Stock Futures

5, 3 77

4,191

28. 3 %

  -   Interest Rates Futures

9,547

12,409

-2 3 .1%

  -   Equity Index Options

3 85,788

400,148

- 3 .6%

  -   Stock Options

3 ,571,810

3 , 3 04,080

8.1%

 

Year-to-date Statistics

 

Securities Market

Jun 2007
YTD

Jun 2006
YTD

% Change

No. of newly listed companies

32

26

23%

Average daily turnover by value ($Mil.)

59,249

          32,596

82%

Average share traded per trading day (Mil. Shares)

70,838

          34,752

104%

Average no. of trades per trading day

490,858

        247,352

98%

Fund raised by IPOs ($Mil.)

97,868

        105,874

-8%

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

167,504

        195,782

-14%

Derivatives Market

Jun 2007
YTD

Jun 2006
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

106,495

78,462

3 5.7%

- Stock Futures

1,656

229

62 3 .1%

- Interest Rates Futures

15 3

72

112.5%

- Equity Index Options

3 7,581

18,708

100.9%

- Stock Options

1 3 1,040

6 3 ,411

106.7%

Clearing & Settlement

Jun 2007
YTD

Jun 2006
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

490,854

247,347

98.45%

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

54,951

35,685

53.99%

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

845

536

57.65%

* Provisional figures only

 

Historical Records
up to 30  June 2007

Top 10 Hang Seng Index Closes

 

Rank

Date

Close

1

2007/06/22

21999.91

2

2007/06/21

21954.67

3

2007/06/28

21938.22

4

2007/06/25

21822.35

5

2007/06/26

21803.57

6

2007/06/29

21772.73

7

2007/06/27

21705.56

8

2007/06/20

21684.67

9

2007/06/18

21582.89

10

2007/06/15

21017.05

 

Top 10 Daily Market Turnover
(Main Board and GEM)

 

Rank

Date

Turnover ($)

1

2007/06/20

122,261,839,189

2

2007/06/18

100,961,541,066

3

2007/06/22

96,664,234,511

4

2007/06/21

96,607,442,499

5

2007/05/14

96,040,371,519

6

2007/06/25

84,960,295,655

7

2007/06/15

84,540,527,429

8

2007/06/28

81,795,391,765

9

2007/02/28

80,859,034,731

10

2007/06/27

79,550,417,388

 

Top 10 Market Capitalisation
(Main Board and GEM)

 

Rank

Date

Market Capitalisation($)

1

2007/06/22

  16,004,480,578,228

2

2007/06/21

  15,982,206,793,522

3

2007/06/28

  15,922,094,491,297

4

2007/06/25

  15,874,052,000,920

5

2007/06/29

  15,854,683,542,134

6

2007/06/26

  15,838,873,949,909

7

2007/06/20

  15,808,850,705,592

8

2007/06/27

  15,765,066,388,686

9

2007/06/18

  15,742,554,269,091

10

2007/06/15

  15,391,186,513,801

 

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

414,243

2007/03/29

4,760,521

2007/06/27

Hang Seng Index Futures

191,025

2006/09/26

198,789

2007/06/27

H-shares Index Futures

126,686

2007/06/27

1 3 8,875

2007/06/27

Hang Seng Index Options

6 3 ,791

2007/05/30

445,202

2007/06/27

H-shares Index Options

3 3 ,126

2007/03/06

202,970

2007/06/27