Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - September 2007

Date 05/10/2007

Highlights

Securities Market

  • The average daily turnover for September 2007 reached a record high of $109,639 million, exceeding $100 billion for the first time.
  • On 24 September 2007, the derivative warrants turnover reached a record high of $27,291 million.
  • On 28 September 2007, the securities market turnover reached a record high of $149,210 million.
  • On 28 September 2007, the securities market capitalisation reached an all-time closing high of $20,055 billion, exceeding $20 trillion for the first time.
  • On 28 September 2007, the Hang Seng Index reached a record closing high of 27142.47.
  • On 28 September 2007, the Hang Seng China Enterprises Index (H-shares Index) reached a record closing high of 17017.94.

Derivatives Market

  • On 25 September 2007 , the daily turnover for Hang Seng Index Futures reached a record high of 201,717 contracts.
  • On 25 September 2007 , the total open interest for all futures and options reached a record high of 8,140,379 contracts.

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

 

 

Sep 2007

Sep 2006

End 2006

No. of listed companies

 1,210

 1,152

 1,173

Total market capitalisation ($Bil.)

 20,055

 10,604

 13,338

No. of newly listed companies

 5

 6

 62

No. of listed securities

 4,851

 3,010

 3,383

No. of equity warrants

 30

 28

 28

No. of derivatives warrants

 3,344

 1,606

 1,959

No. of CBBC

 62

 35

 24

No. of unit trusts

 26

 13

 15

No. of debt securities

 175

 173

 180

 

Securities Market Turnover (Main Board and GEM)

 

 

Sep 2007

Aug 2007

% Chan ge

Monthly turnover ($Mil.)

 2,083,138

 2,168,466

-4%

Average daily turnover by value ($Mil.)

 109,639

 94,281

16%

No. of trading days

 19

 23

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Sep 2007($Mil)

Aug 2007($Mil)

% Chan ge

Equities

1,627,484.62
(78.1%)

1,758,616.92
(81.1%)

-7.5%

Derivative warrants

430,827.22
(20.7%)

377,291.64
(17.4%)

14.2%

CBBC

5,102.51
(0.2%)

7,593.40
(0.4%)

-32.8%

Debt securities

0.10
(0.0%)
(less than 0.1%)

0.49
(0.0%)
(less than 0.1%)

-79.8%

( ) % of market total

 

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

 

 

Sep 2007

Sep 2006

End 2006

No. of H shares

 143

 133

 141

No. of Red chips Stocks

 90

 90

 90

No. of NHMPE

 155

 129

 136

Market capitalisation (% of market total)

58.1%

44.0%

50.3%

Turnover value (% of equity turnover)

72.4%

59.1%

60.0%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Sep 2007

% Chan ge over 1 Month

% Chan ge YTD

S&P/HKEx LargeCap Index

32845.27

14.1%

60.9%

S&P/HKEx GEM Index

1514.52

0.5%

37.4%

Hang Seng Index

27142.47

13.2%

54.7%

Hang Seng China Enterprises Index#

17017.94

18.7%

139.8%

Hang Seng China-Affiliated Corporations Index*

5800.76

19.4%

118.9%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Sep 2007

Aug 2007

% Change

Total Futures

14 3 , 3 86

179, 3 14

-20.0%

Hang Seng Index Futures

72,807

90,2 3 7

-19. 3 %

Mini Hang Seng Index Futures

18,955

21,929

-1 3 .6%

H-shares Index Futures

50,284

65, 3 89

-2 3 .1%

Hang Seng China H-Financials Index Futures1

1

3

-66.7%

FTSE/Xinhua China 25 Index Future

4

7

-42.9%

Stock Futures

1,258

1,6 3 8

-2 3 .2%

3-Month HIBOR Futures

76

109

- 3 0. 3 %

1-Month HIBOR Futures

1

2

-50.0%

3-Year Exchange Fund Note Futures

0

0

-

Total Options

277,416

3 12,792

-11. 3 %

Hang Seng Index Options

26,6 3 4

44,144

- 3 9.7%

Mini Hang Seng Index Options

167

3 1 3

-46.6%

H-shares Index Options

10,0 3 4

1 3 ,190

-2 3 .9%

FTSE/Xinhua China 25 Index Option

1

16

-9 3 .8%

Stock Options

240,579

255,128

-5.7%

Total Futures and Options

420,801

492,105

-14.5%

1  Trading in Hang Seng China H-Financials Index Futures commenced on 16 Apr 2007 .

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Sep 2007

Aug 2007

% Change

Average daily number of exchange trades handled by CCASS

703,168

688,758

2.09%

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

75,191

72,123

4.25%

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

987

1,017

-2.95%

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

99.70

99.52

N/A

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


69.00%
45.96%


67.77%
44.17%


N/A
N/A

DCASS Statistics (derivatives market)

Sep 2007

Aug 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

218,652

22 3 ,804

-2. 3 %

  -   Stock Futures

8,596

10,5 3 4

-18.4%

  -   Interest Rates Futures

5,977

10,45 3

-42.8%

  -   Equity Index Options

449,440

529,508

-15.1%

  -   Stock Options

5,4 3 5,15 3

5,664,446

-4.0%

 

Year-to-date Statistics

 

Securities Market

Sep 2007
YTD

Sep 2006
YTD

% Change

No. of newly listed companies

52

37

41%

Average daily turnover by value ($Mil.)

72,423

30,379

138%

Average share traded per trading day (Mil. Shares)

76,061

35,518

114%

Average no. of trades per trading day

560,734

231,106

143%

Fund raised by IPOs ($Mil.)

158,845

138,884

14%

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

313,760

263,226

19%

Derivatives Market

Sep 2007
YTD

Sep 2006
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

120,6 3 0

77,504

55.6%

- Stock Futures

1,549

3 42

3 52.9%

- Interest Rates Futures

1 3 1

62

111. 3 %

- Equity Index Options

41, 3 55

19,017

117.5%

- Stock Options

168, 3 92

64,608

160.6%

Clearing & Settlement

Sep 2007
YTD

Sep 2006
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

560,730

231,102

142.63%

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

61,077

34,195

78.61%

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

910

534

70.41%

* Provisional figures only

 

Historical Records
up to 30  September  2007

Top 10 Hang Seng Index Closes

 

Rank

Date

Close

1

2007/09/28

27142.47

2

2007/09/27

27065.15

3

2007/09/24

26551.94

4

2007/09/25

26430.29

5

2007/09/21

25843.78

6

2007/09/20

25701.13

7

2007/09/19

25554.64

8

2007/09/14

24898.11

9

2007/09/17

24599.34

10

2007/09/18

24576.85

 

Top 10 Daily Market Turnover
(Main Board and GEM)

 

Rank

Date

Turnover ($)

1

2007/09/28

149,210,224,187

2

2007/09/27

147,885,448,239

3

2007/09/24

140,872,383,382

4

2007/09/19

139,367,402,110

5

2007/09/21

132,993,314,485

6

2007/09/25

129,784,352,271

7

2007/08/27

127,043,541,758

8

2007/08/28

123,581,924,882

9

2007/08/01

122,370,036,405

10

2007/06/20

122,261,839,189

 

Top 10 Market Capitalisation
(Main Board and GEM)

 

Rank

Date

Market Capitalisation($)

1

2007/09/28

20,054,865,208,810

2

2007/09/27

19,937,070,843,274

3

2007/09/24

19,644,926,410,778

4

2007/09/25

19,504,302,633,586

5

2007/09/21

19,199,801,098,408

6

2007/09/20

19,122,474,119,595

7

2007/09/19

18,970,742,125,031

8

2007/09/14

18,510,560,309,794

9

2007/09/17

18,321,580,602,123

10

2007/09/18

18,315,964,471,172

 

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

4 3 1,494

2007/08/17

7,032,800

2007/09/25

Hang Seng Index Futures

201,717

2007/09/25

198,789

2007/06/27

H-shares Index Futures

152,692

2007/08/29

149,201

2007/09/25

Hang Seng Index Options

77,739

2007/07/27

476,682

2007/08/29

Mini Hang Seng Index Futures

37,684

2007/08/21

10,2 3 8

2006/11/06