Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - Mar 2010

Date 09/04/2010

- Securities Market

  • The average daily turnover for the first three months of 2010 was $64,760 million, an increase of 45 per cent when compared with $44,721 million for the same period last year.
  • The average daily turnover of derivative warrants for the first three months of 2010 was $9,646 million, an increase of 84 per cent when compared with $5,240 million the same period last year.
  • The average daily turnover of ETFs for the first three months of 2010 was $1,780 million, an increase of 4 per cent when compared with $1,711 million for the same period last year.

- Derivatives Market

  • The average daily turnover of futures and options for the first three months of 2010 was 417,305 contracts, an increase of 7 per cent when compared with 389,778 contracts for the same period last year.
  • The average daily turnover of equity index options for the first three months of 2010 was 40,631 contracts, an increase of 64 per cent when compared with 24,801 contracts for the same period last year.
  • The average daily turnover of stock options for the first three months of 2010 was 205,581 contracts, an increase of 6 per cent when compared with 194,279 contracts for the same period last year.

Listed Securities (Main Board and GEM)

Month-end figures

Mar 2010

Mar 2009

End 2009

No. of listed companies

1,332

1,266

1,319

Total market capitalisation ($Bil.)

18,056

10,128

17,874

No. of newly listed companies *

6

2

73

No. of listed securities

6,891

5,528

6,616

No. of equity warrants

21

32

26

No. of derivatives warrants

3,974

2,510

3,367

No. of CBBC

1,331

1,513

1,692

No. of unit trusts

70

33

52

No. of debt securities

160

171

157

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

Securities Market Turnover (Main Board and GEM)

Mar 2010

Feb 2010

% Change

Monthly turnover ($Mil.)

1,377,694

1,013,334

36%

Average daily turnover by value ($Mil.)

59,900

56,296

6%

No. of trading days

23

18

-

Turnover by Type of Securities (Main Board and GEM)

Mar 2010
($Mil)

Feb 2010
($Mil)

% Change

Equities

1,056,135.30
(76.7%)

703,902.33
(69.5%)

50.0%

Derivative warrants

207,163.09
(15.0%)

188,697.88
(18.6%)

9.8%

CBBC

78,772.00
(5.7%)

90,333.85
(8.9%)

-12.8%

Debt securities

0.05
(0.0%)
(less than 0.1%)

0

-

( ) % of market total

Mainland Enterprises (Main Board and GEM)

Month-end figures

Mar 2010

Mar 2009

End 2009

No. of H shares

156

150

156

No. of Red chips Stocks

97

96

97

No. of NHMPE

277

224

271

Market capitalisation (% of market total)

58.1%

60.7%

58.4%

Turnover value (% of equity turnover)

67.2%

70.1%

71.6%

NHMPE = Non-H Share Mainland Private Enterprises

Index Performance

Month-end figures

Mar 2010

% Change over
1 Month

% Change over
12 Months

S&P/HKEx LargeCap Index

24850.35

2.5%

48.4%

S&P/HKEx GEM Index

832.27

12.3%

115.5%

Hang Seng Index

21239.35

3.1%

56.5%

Hang Seng China Enterprises Index#

12397.59

7.4%

53.6%

Hang Seng China-Affiliated Corporations Index*

4101.78

1.0%

32.5%

# - tracks H shares

* - tracks Red chips

Derivatives Market Turnover

Average Daily Volume (Contracts)

Mar 2010

Feb 2010

% Change

Total Futures

147,347

181,196

-18.7%

Hang Seng Index Futures

72,201

90,026

-19.8%

Mini Hang Seng Index Futures

30,080

36,367

-17.3%

H-shares Index Futures

41,866

51,369

-18.5%

Mini H-shares Index Futures

2,674

2,931

-8.8%

Stock Futures

511

492

3.9%

3-Month HIBOR Futures

1

1

0.0%

1-Month HIBOR Futures

0

0

-

3-Year Exchange Fund Note Futures

0

0

-

Gold Futures

14

11

27.3%

Total Options

225,272

224,183

0.5%

Hang Seng Index Options

24,703

31,285

-21.0%

Mini Hang Seng Index Options

1,266

1,495

-15.3%

Flexible Hang Seng Index Options 1

0

0

-

H-shares Index Options

8,595

8,346

3.0%

Flexible H-shares Index Options 2

7

15

-53.3%

Stock Options

190,701

183,046

4.2%

Total Futures and Options

372,619

405,378

-8.1%

1 Trading in Flexible Hang Seng Index Options commenced on 08 Feb 2010
2 Trading in Flexible H-shares Index Options commenced on 08 Feb 2010

Clearing and Settlement

CCASS Statistics (securities market)

Mar 2010

Feb 2010

% Change

Average daily number of exchange trades handled by CCASS

723,466

663,099

9.10%

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

74,016

69,642

6.28%

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

512

437

17.16%

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

99.89

99.91

N/A

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


71.01%
49.89%


69.77%
48.70%


N/A
N/A

DCASS Statistics (derivatives market)

Mar 2010

Feb 2010

% Change

Month-end Open Interest (contracts)

Equity Index Futures

167,245

175,032

-4.4%

Stock Futures

7,516

6,059

24.0%

Interest Rates Futures

219

277

-20.9%

Gold Futures

40

46

-13.0%

Equity Index Options

336,798

429,338

-21.6%

Stock Options

4,352,404

4,829,287

-9.9%

Year-to-date Statistics

Securities Market

Mar 2010
YTD

Mar 2009
YTD

% Change

No. of newly listed companies #

13

7

86%

Average daily turnover by value ($Mil.)

64,760

44,721

45%

Average share traded per trading day (Mil. Shares)

121,801

75,263

62%

Average no. of trades per trading day

760,576

533,966

42%

Fund raised by IPOs ($Mil.)

33,748

1,562

2,061%

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

84,984

16,250

423%

Derivatives Market

Mar 2010
YTD

Mar 2009
YTD

% Change

Average daily volume (contracts)

– Equity Index Futures

170,448

169,452

0.6%

– Stock Futures

621

1,192

-47.9%

– Interest Rates Futures

6

20

-70.0%

– Gold Futures

19

34

-44.1%

– Equity Index Options

40,631

24,801

63.8%

– Stock Options

205,581

194,279

5.8%

Clearing & Settlement

Mar 2010
YTD

Mar 2009
YTD

% Change

Average daily number of exchange trades handled by CCASS

760,565

533,958

42.44%

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

75,816

55,676

36.17%

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

542

432

25.46%

# Includes the number of transfers of listing from GEM to Main Board
* Provisional figures only

Historical Records
up to 31 March 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

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

11,148

2009/07/29