Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - October 2008

Date 06/11/2008


Highlights

- Securities Market

  1. The average daily turnover for the first 10 months of 2008 was $77,453 million, a decrease of 6 per cent when compared with $82,015 million for the same period last year.  
  2. The average daily turnover of CBBC for the first 10 months of 2008 was $3,848 million, an increase of 2,099 per cent when compared with $175 million the same period last year.

- Derivatives Market

  1. The average daily turnover of futures and options for the first 10 months of 2008 was 440,320 contracts, an increase of 26 per cent when compared with the same period last year, when it was 349,032 contracts.  In addition, the total turnover of futures and options for the first 10 months reached 89,384,940 contracts, surpassing the full year turnover of 87,985,686 contracts in 2007. 
  2. On 28 October 2008, the turnover of Hang Seng Index Futures and H-shares Index Futures reached a record highs of 224,461 and 219,689 contracts respectively. 
  3. On 29 October 2008, the total open interest for Mini Hang Seng Index Futures reached a record high of 10,673 contracts.
  4. Gold Futures began trading on 20 October 2008.

 

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

 

Oct 2008

Oct 2007

End 2007

No. of listed companies

 1,259

 1,220

 1,241

Total market capitalisation ($Bil.)

 9,521

23,070

 20,698

No. of newly listed companies

 2

 10

 84

No. of listed securities

 6,028

5,562

 6,092

No. of equity warrants

 39

 30

 33

No. of derivatives warrants

 3,684

4,013

 4,483

No. of CBBC

 836

 96

 131

No. of unit trusts

 33

 26

 26

No. of debt securities

 174

 173

 175

 

Securities Market Turnover (Main Board and GEM)

 

Oct 2008

Sep 2008

% Chan ge

Monthly turnover ($Mil.)

1,296,735

1,419,970

-9%

Average daily turnover by value ($Mil.)

61,749

67,618

-9%

No. of trading days

21

21

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Oct 2008($Mil)

Sep 2008($Mil)

% Change

Equities

1,004,254.69
(77.4%)

1,088,624.13
(76.7%)

-7.8%

Derivative warrants

117,594.38
(9.1%)

147,189.68
(10.4%)

-20.1%

CBBC

128,773.50
(9.9%)

134,145.43
(9.4%)

-4.0%

Debt securities

1.20
(0.0%)
(less than 0.1%)

0.50
(0.0%)
(less than 0.1%)

140.4%

( ) % of market total

 

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

 

Oct 2008

Oct 2007

End 2007

No. of H shares

 150

144

 146

No. of Red chips Stocks

 92

91

 93

No. of NHMPE

 211

161

 200

Market capitalisation (% of market total)

55.1%

60.0%

58.2%

Turnover value (% of equity turnover)

70.2%

76.0%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Oct 2008

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEx LargeCap Index

17159.28

-22.6%

-55.0%

S&P/HKEx GEM Index

364.53

-34.0%

-75.9%

Hang Seng Index

13968.67

-22.5%

-55.5%

Hang Seng China Enterprises Index#

6611.15

-27.1%

-67.1%

Hang Seng China-Affiliated Corporations Index*

2962.71

-14.6%

-57.4%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Oct 2008

Sep 2008

% Change

Total Futures

240,944

214,807

12.2%

Hang Seng Index Futures

111,456

104,667

6.5%

Mini Hang Seng Index Futures

42,979

36,812

16.8%

H-shares Index Futures

82,729

69,754

18.6%

Mini H-shares Index Futures

1,930

1,508

28.0%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

1,729

1,995

-13.3%

3-Month HIBOR Futures

42

66

-36.4%

1-Month HIBOR Futures

1

5

-80.0%

3-Year Exchange Fund Note Futures

0

0

-

Gold Futures *

163

-

-

Total Options

271,647

306,739

-11.4%

Hang Seng Index Options

17,950

20,669

-13.2%

Mini Hang Seng Index Options

983

961

2.3%

H-shares Index Options

7,106

9,698

-26.7%

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

245,608

275,411

-10.8%

Total Futures and Options

512,591

521,546

-1.7%

* Trading in Gold Futures commenced on 20 Oct 2008

 

Clearing and Settlement

CCASS Statistics (securities market)

Oct 2008

Sep 2008

% Change

Average daily number of exchange trades handled by CCASS

698,930

575,962

21.35%

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

68,410

63,417

7.87%

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

983

681

44.35%

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

99.79

99.50

N/A

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


 73.27%
   44.06%


74.53%
44.18%


N/A
N/A

DCASS Statistics (derivatives market)

Oct 2008

Sep 2008

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

208,443

189,365

10.1%

  -   Stock Futures

8,122

8,269

-1.8%

  -   Interest Rates Futures

2,447

2,301

6.3%

  -   Gold Futures

47

-

-

  -   Equity Index Options

244,794

174,198

40.5%

  -   Stock Options

5,288,788

4,675,934

13.1%

 

Year-to-date Statistics

Securities Market

Oct 2008
YTD

Oct 2007
YTD

% Change

No. of newly listed companies

32

62

-48%

Average daily turnover by value ($Mil.)

77,453

82,015

-6%

Average share traded per trading day (Mil. Shares)

119,266

81,294

47%

Average no. of trades per trading day

575,839

599,364

-4%

Fund raised by IPOs ($Mil.)

65,799

204,278

-68%

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

185,967

436,875

-57%

Derivatives Market

Oct 2008
YTD

Oct 2007
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

182,489

126,162

44.6%

- Stock Futures

993

1,531

-35.1%

- Interest Rates Futures

101

128

-21.1%

- Gold Futures

163

-

-

- Equity Index Options

22,832

40,089

-43.0%

- Stock Options

233,896

181,122

29.1%

Clearing & Settlement

Oct 2008
YTD

Oct 2007
YTD

% Change

Average daily number of exchange trades handled by CCASS

575,827

599,359

-3.93%

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

64,199

64,414

-0.33%

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

579

943

-38.60

* Provisional figures only

 

Historical Records
up to 31 October 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

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

10,673

2008/10/29