HKEX Monthly Market Highlights

Highlights

- Securities Market

The average daily turnover for the first three months of 2017 was $74.3 billion, an increase of 2 per cent when compared with $72.7 billion for the same period last year.
There were 40* newly listed companies for the first three months of 2017, an increase of 100 per cent when compared with 20* for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first three months of 2017 was 759,988 contracts, a decrease of 6 per cent when compared with the 805,276 contracts for the same period last year.
The average daily turnover of Stock Options for the first three months of 2017 was 338,771 contracts, an increase of 16 per cent when compared with the 293,047 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first three months of 2017 was 3,598 contracts, an increase of 15 per cent when compared with the 3,128 contracts for the same period last year.
On 28 March 2017, the open interest of Hang Seng Index Futures reached a record high of 200,469 contracts.

* Includes any transfers of listing from GEM to Main Board

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

	Mar 2017	Mar 2016	End 2016
No. of listed companies	2,009	1,883	1,973
Total market capitalisation ($Bil.)	27,235.7	23,444.6	24,761.3
No. of newly listed companies *	14	10	126
No. of listed securities	9,392	8,621	8,591
No. of equity warrants	8	14	9
No. of derivatives warrants	3,988	4,184	3,705
No. of CBBCs	2,271	1,613	1,844
No. of unit trusts	169	149	157
No. of debt securities	936	769	892

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

Securities Market Turnover (Main Board and GEM)

	Mar 2017	Feb 2017	% Change
Monthly turnover ($Mil.) *	1,889,206	1,632,257	15.7%
Average daily turnover by value ($Mil.) *	82,139	81,613	0.6%
No. of trading days	23	20	-

* Turnover value for securities traded in non-Hong Kong dollar currency have been included

Turnover by Type of Securities (Main Board and GEM)

	Mar 2017 ($Mil)	Feb 2017 ($Mil)	% Change
Equities	1,374,951.93 (72.8%)	1,164,683.81 (71.4%)	18.1%
Derivative warrants	257,478.20 (13.6%)	268,046.91 (16.4%)	-3.9%
CBBCs	109,013.18 (5.8%)	100,209.58 (6.1%)	8.8%
Unit Trusts (include ETFs)	144,501.34 (7.6%)	95,611.20 (5.9%)	51.1%

( ) % 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 March 2017 was $23,127 million (1.2% of the securities market total turnover).

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

	Mar 2017	Mar 2016	End 2016
No. of H shares	243	231	241
No. of Red chips Stocks	158	151	153
No. of Mainland private enterprises	612	580	608
Market capitalisation (% of market total)	63.7%	62.1%	63.3%
Turnover value (% of equity turnover)	75.0%	70.4%	70.6%

Index Performance
Month-end figures

	Mar 2017	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	30437.39	1.8%	19.2%
S&P/HKEX GEM Index	346.92	-1.1%	-17.9%
Hang Seng Index	24111.59	1.6%	16.1%
Hang Seng China Enterprises Index#	10273.67	-0.2%	14.1%
Hang Seng China-Affiliated Corporations Index*	3938.32	2.2%	4.4%
CES China 120 Index ^	5411.31	1.3%	16.8%
CES China HK Mainland Index +	6108.52	2.2%	17.9%

# - 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)
	Mar 2017	Feb 2017	% Change
Total Futures	301,787	293,630	2.8%
Hang Seng Index Futures	115,224	107,501	7.2%
Mini Hang Seng Index Futures	42,432	40,497	4.8%
H-shares Index Futures	119,959	123,427	-2.8%
Mini H-shares Index Futures	14,251	14,170	0.6%
HSI Dividend Point Index Futures	71	35	102.9%
HSCEI Dividend Point Index Futures	6,213	4,513	37.7%
HSI Volatility Index Futures	0	1	-100.0%
CES China 120 Index Futures	2	4	-50.0%
CES Gaming Top 10 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	4	8	-50.0%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
Hang Seng IT Hardware Index Futures	0	0	-
Hang Seng Software & Services Index Futures	0	0	-
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	493	880	-44.0%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	3,063	2,533	20.9%
RMB Currency Futures - EUR/CNH Futures	9	0	-
RMB Currency Futures - JPY/CNH Futures	1	0	-
RMB Currency Futures - AUD/CNH Futures	1	0	-
RMB Currency Futures - CNH/USD Futures	60	54	11.1%
London Aluminium Mini Futures	2	3	-33.3%
London Zinc Mini Futures	1	0	-
London Copper Mini Futures	0	2	-100.0%
London Lead Mini Futures	0	0	-
London Nickel Mini Futures	2	3	-33.3%
London Tin Mini Futures	0	0	-
Total Options	466,296	564,492	-17.4%
Hang Seng Index Options	38,363	38,791	-1.1%
Mini Hang Seng Index Options	6,027	5,737	5.1%
Flexible Hang Seng Index Options	0	0	-
H-shares Index Options	82,531	107,467	-23.2%
Mini H-shares Index Options	1,627	1,430	13.8%
Flexible H-shares Index Options	0	0	-
Stock Options	337,695	411,068	-17.8%
RMB Currency Futures - USD/CNH Options *	122	-	-
Total Futures and Options	768,083	858,121	-10.5%

* Trading in RMB Currency Options - USD/CNH Options commenced on 20 Mar 2017

Clearing and Settlement

CCASS Statistics (securities market)	Mar 2017	Feb 2017	% Change
Average daily number of exchange trades handled by CCASS	1,221,197	1,213,098	0.67%
Average daily number of settlement instructions (SIs) settled by CCASS	91,173	89,679	1.67%
Average daily number of investor SIs (ISIs) settled by CCASS	308	322	-4.35%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.91	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.42 57.10	74.22 56.98	N/A N/A
DCASS Statistics (derivatives market)	Mar 2017	Feb 2017	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	622,037	607,409	2.4%
– Stock Futures	5,250	6,747	-22.2%
– Interest Rates Futures	40	40	0.0%
– RMB Currency Futures	41,691	45,122	-7.6%
– London Metal Mini Futures	46	17	170.6%
– Equity Index Options	2,989,082	3,003,533	-0.5%
– Stock Options	6,673,563	7,877,440	-15.3%
– RMB Currency Options	111	-	-

Year-to-date Statistics

Securities Market	Mar 2017 YTD	Mar 2016 YTD	% Change
No. of newly listed companies #	40	20	100.0%
Average daily turnover by value ($Mil.) ^	74,335	72,679	2.3%
Average share traded per trading day (Mil. Shares)	202,647	221,082	-8.3%
Average no. of trades per trading day	1,126,571	1,197,355	-5.9%
Fund raised by IPOs ($Mil.)	13,279	30,261	-56.1%
Total funds raised (including IPOs) ($Mil.)*	56,656	91,043	-37.8%
Derivatives Market	Mar 2017 YTD	Mar 2016 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	282,493	377,296	-25.1%
– Stock Futures	643	1,575	-59.2%
– Interest Rates Futures	0	0	-
– RMB Currency Futures	3,598	3,128	15.0%
– London Metal Mini Futures	7	76	-90.8%
– Equity Index Options	134,457	130,154	3.3%
– Stock Options	338,771	293,047	15.6%
– RMB Currency Options	122	-	-
Clearing & Settlement	Mar 2017 YTD	Mar 2016 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,125,959	1,196,563	-5.90%
Average daily number of settlement instructions (SIs) settled by CCASS	86,101	85,208	1.05%
Average daily number of investor SIs (ISIs) settled by CCASS	294	249	18.07%

# 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 March 2017

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	2015/04/09	293,910,756,648
2	2015/04/13	266,098,632,854
3	2015/04/08	252,396,050,844
4	2015/04/14	239,903,336,931
5	2015/07/08	237,429,139,110
6	2015/04/10	222,888,834,174
7	2015/04/15	218,018,391,899
8	2015/04/17	215,953,404,099
9	2015/07/06	214,812,393,078
10	2015/07/09	213,825,663,405

Top 10 Market Capitalisation
(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2015/05/26	31,549,926,214,937
2	2015/05/27	31,365,605,931,773
3	2015/05/04	31,230,244,838,810
4	2015/04/27	31,207,701,541,939
5	2015/04/28	31,201,357,832,733
6	2015/04/29	31,147,874,933,908
7	2015/05/22	31,110,175,634,968
8	2015/05/19	31,108,059,908,400
9	2015/06/01	31,107,316,498,262
10	2015/04/30	30,995,152,430,547

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	1,221,324	2015/04/13	11,159,128	2015/05/27
H-shares Index Futures	467,559	2015/08/26	519,817	2015/12/29
Hang Seng Index Futures	316,855	2016/09/27	200,469	2017/03/28
H-shares Index Options	188,957	2015/09/04	3,276,956	2016/12/28
Mini Hang Seng Index Futures	141,519	2016/06/24	21,682	2011/06/17
Hang Seng Index Options	116,835	2011/08/05	560,087	2012/06/27
Mini H-shares Index Futures	74,511	2015/07/08	16,436	2014/12/11
Stock Futures	27,966	2007/03/28	47,050	2013/03/27
HSCEI Dividend Point Index Futures	27,501	2017/02/14	184,626	2016/12/13
RMB Currency Futures - USD/CNH Futures	20,338	2017/01/05	46,711	2017/01/04

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HKEX Monthly Market Highlights - March 2017