HKEX Monthly Market Highlights

Highlights

- Securities Market

The average daily turnover for the first three months of 2018 was $146.1 billion, an increase of 97 per cent when compared with $74.3 billion for the same period last year.
Funds raised through IPOs for the first three months of 2018 was $24.4 billion, an increase of 82 per cent when compared with $13.4 billion for the same period last year.
Total funds raised for the first three months of 2018 was $112.2 billion, an increase of 78 per cent when compared with $63.0 billion for the same period last year.
There were 69* newly listed companies for the first three months of 2018, an increase of 73 per cent when compared with 40* for the same period last year.
On 23 March 2018, turnover was $284.1 billion, the second highest ever.

- Derivatives Market

The average daily turnover of futures and options for the first three months of 2018 was 1,342,268 contracts, an increase of 77 per cent when compared with the 759,988 contracts for the same period last year.
The average daily turnover of Stock Options for the first three months of 2018 was 665,446 contracts, an increase of 96 per cent when compared with the 338,771 contracts for the same period last year.
The average daily turnover of RMB Currency Futures for the first three months of 2018 was 5,316 contracts, an increase of 48 per cent when compared with the 3,598 contracts for the same period last year.
On 27 March 2018, the open interest of all futures and options reached a record high of 18,348,903 contracts.
On 27 March 2018, the open interest of Stock Options reached a record high of 13,725,731 contracts.

* Includes any transfers of listing from GEM to Main Board

Listed Securities (Main Board and GEM)

Month-end figures

	Mar 2018	Mar 2017	End 2017
No. of listed companies	2,179	2,009	2,118
Total market capitalisation ($Bil.)	34,402.3	27,235.7	33,998.8
No. of newly listed companies *	19	14	174
No. of listed securities	13,880	9,392	12,803
No. of equity warrants	5	8	8
No. of derivatives warrants	6,963	3,988	6,094
No. of CBBCs	3,476	2,271	3,374
No. of unit trusts	145	169	145
No. of debt securities	1,095	936	1,047

	Mar 2018	Mar 2017	End 2017

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

Securities Market Turnover (Main Board and GEM)

	Mar 2018	Feb 2018	% Change
Monthly turnover ($Mil.) *	2,763,556	2,605,587	6.1%
Average daily turnover by value ($Mil.) *	131,598	144,755	-9.1%
No. of trading days	21	18	-

	Mar 2018	Feb 2018	% Change

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

Turnover by Type of Securities (Main Board and GEM)

	Mar 2018 ($Mil)	Feb 2018 ($Mil)	% Change
Equities	2,045,478.26 (74.0%)	1,914,766.34 (73.5%)	6.8%
Derivative warrants	417,159.99 (15.1%)	377,084.94 (14.5%)	10.6%
CBBCs	183,873.96 (6.7%)	169,909.02 (6.5%)	8.2%
Unit Trusts (include ETFs)	113,387.17 (4.1%)	141,091.89 (5.4%)	-19.6%

	Mar 2018 ($Mil)	Feb 2018 ($Mil)	% Change

( ) % 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 2018 was $28,976 million (1.0% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Mar 2018	Mar 2017	End 2017
No. of H shares	254	243	252
No. of Red chips Stocks	164	158	159
No. of Mainland private enterprises	652	612	640
Market capitalisation (% of market total)	67.3%	63.7%	66.2%
Turnover value (% of equity turnover)	80.3%	75.0%	76.1%

	Mar 2018	Mar 2017	End 2017

Index Performance

Month-end figures

	Mar 2018	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	39090.13	-2.6%	28.4%
S&P/HKEX GEM Index	251.66	1.6%	-27.5%
Hang Seng Index	30093.38	-2.4%	24.8%
Hang Seng China Enterprises Index	11998.34	-3.1%	16.8%
Hang Seng China-Affiliated Corporations Index*	4408.61	-2.5%	11.9%
CES China 120 Index ^	6644.10	-4.1%	22.8%
CESChina HK Mainland Index +	8457.71	-1.7%	38.5%

	Mar 2018	% Change over 1 Month	% Change over 12 Months

* - 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 2018	Feb 2018	% Change
Total Futures	490,028	560,192	-12.5%
Hang Seng Index Futures	205,742	212,417	-3.1%
Mini Hang Seng Index Futures	104,251	120,300	-13.3%
Hang Seng China Enterprises Index Futures	141,930	177,345	-20.0%
Mini-Hang Seng China Enterprises Index Futures	27,963	39,620	-29.4%
HSI Dividend Point Index Futures	140	61	129.5%
HSCEI Dividend Point Index Futures	766	1,670	-54.1%
HSI Volatility Index Futures	0	0	-
CES China 120 Index Futures	1	2	-50.0%
CES Gaming Top 10 Index Futures	0	1	-100.0%
Hang Seng Mainland Oil & Gas Index Futures	90	61	47.5%
Hang Seng Mainland Banks Index Futures	178	246	-27.6%
Hang Seng Mainland Healthcare Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	102	84	21.4%
Hang Seng IT Hardware Index Futures	4	0	-
Hang Seng Software & Services Index Futures	3	1	200.0%
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	1,724	670	157.3%
3-Month HIBOR Futures	1	0	-
1-Month HIBOR Futures	0	1	-100.0%
RMB Currency Futures - USD/CNH Futures	5,110	5,791	-11.8%
RMB Currency Futures - EUR/CNH Futures	7	10	-30.0%
RMB Currency Futures - JPY/CNH Futures	6	7	-14.3%
RMB Currency Futures - AUD/CNH Futures	1	2	-50.0%
RMB Currency Futures - CNH/USD Futures	20	32	-37.5%
USD Gold Futures	1,884	1,737	8.5%
CNH Gold Futures	65	114	-43.0%
Iron Ore Futures – Monthly Contracts	25	5	400.0%
Iron Ore Futures – Quarterly Contracts	0	0	-
London Aluminium Mini Futures	1	3	-66.7%
London Zinc Mini Futures	5	4	25.0%
London Copper Mini Futures	3	0	-
London Lead Mini Futures	0	0	-
London Nickel Mini Futures	5	7	-28.6%
London Tin Mini Futures	0	0	-
Total Options	704,210	862,290	-18.3%
Hang Seng Index Options	52,645	64,122	-17.9%
Mini Hang Seng Index Options	7,182	9,970	-28.0%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	89,396	123,350	-27.5%
Mini-Hang Seng China Enterprises Index Options	1,168	4,386	-73.4%
Flexible Hang Seng China Enterprises Index Options	60	0	-
Stock Options	553,740	660,409	-16.2%
RMB Currency Futures - USD/CNH Options	19	53	-64.2%
Total Futures and Options	1,194,238	1,422,482	-16.0%

	Average Daily Volume (Contracts)
	Mar 2018	Feb 2018	% Change

Clearing and Settlement

CCASS Statistics (securities market)	Mar 2018	Feb 2018	% Change
Average daily number of exchange trades settled by CCASS	1,739,642	1,806,749	-3.71%
Average daily number of settlement instructions (SIs) settled by CCASS	107,287	120,183	-10.73%
Average daily number of investor SIs (ISIs) settled by CCASS	328	459	-28.54%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.89	99.87	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.47 60.04	76.14 59.88	N/A N/A
DCASS Statistics (derivatives market)	Mar 2018	Feb 2018	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	521,279	446,769	16.7%
– Stock Futures	11,729	6,354	84.6%
– Interest Rates Futures	290	490	-40.8%
– RMB Currency Futures	30,515	28,316	7.8%
– Gold Futures	190	360	-47.2%
– Iron Ore Futures	169	106	59.4%
– London Metal Mini Futures	11	40	-72.5%
– Equity Index Options	3,131,760	3,377,640	-7.3%
– Stock Options	9,585,088	11,081,375	-13.5%
– RMB Currency Options	3,522	4,013	-12.2%

CCASS Statistics (securities market)	Mar 2018	Feb 2018	% Change

Year-to-date Statistics

Securities Market	Mar 2018 YTD	Mar 2017 YTD	% Change
No. of newly listed companies #	69	40	72.5%
Average daily turnover by value ($Mil.) ^	146,063	74,335	96.5%
Average share traded per trading day (Mil. Shares)	252,577	202,647	24.6%
Average no. of trades per trading day	1,813,801	1,126,571	61.0%
Fund raised by IPOs ($Mil.)	24,383	13,434	81.5%
Total funds raised (including IPOs) ($Mil.)*	112,239	62,999	78.2%
Derivatives Market	Mar 2018 YTD	Mar 2017 YTD	% Change
Average daily volume (contracts)
– Equity Index Futures	490,441	282,493	73.6%
– Stock Futures	1,074	643	67.0%
– 5-Year MOF T-Bond Futures	-	-	-
– Interest Rates Futures	1	0	-
– RMB Currency Futures	5,316	3,598	47.7%
– Gold Futures	2,103	-	-
– Iron Ore Futures	50	-	-
– London Metal Mini Futures	11	7	57.1%
– Equity Index Options	177,787	134,457	32.2%
– Stock Options	665,446	338,771	96.4%
– RMB Currency Options	39	122	-68.0%
Clearing & Settlement	Mar 2018 YTD	Mar 2017 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,813,140	1,125,959	61.03%
Average daily number of settlement instructions (SIs) settled by CCASS	113,959	86,101	32.36%
Average daily number of investor SIs (ISIs) settled by CCASS	442	294	50.34%

Securities Market

Mar 2018

YTD

Mar 2017

YTD

% Change

# 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 2018

Top 10 Hang Seng Index Closes

Rank	Date	Close
1	2018/01/26	33154.12
2	2018/01/29	32966.89
3	2018/01/24	32958.69
4	2018/01/23	32930.70
5	2018/01/31	32887.27
6	2018/01/25	32654.45
7	2018/02/01	32642.09
8	2018/01/30	32607.29
9	2018/02/02	32601.78
10	2018/01/22	32393.41

Rank	Date	Close

Top 10 Daily Market Turnover

(Main Board and GEM)

Rank	Date	Turnover ($)
1	2015/04/09	293,910,756,648
2	2018/03/23	284,101,947,853
3	2015/04/13	266,098,632,854
4	2018/02/06	258,799,618,543
5	2015/04/08	252,396,050,844
6	2015/04/14	239,903,336,931
7	2015/07/08	237,429,139,110
8	2015/04/10	222,888,834,174
9	2018/02/09	219,595,292,569
10	2018/02/07	218,890,883,115

Rank	Date	Turnover ($)

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2018/01/26	37,715,721,713,817
2	2018/01/29	37,498,267,978,409
3	2018/01/24	37,458,993,282,123
4	2018/01/23	37,434,956,503,062
5	2018/01/31	37,196,824,130,391
6	2018/01/25	37,171,558,627,632
7	2018/01/30	37,034,857,609,118
8	2018/02/02	36,948,839,611,393
9	2018/02/01	36,943,877,577,778
10	2018/01/22	36,925,559,142,548

Rank	Date	Market Capitalisation ($)

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	13,725,731	2018/03/27
Hang Seng China Enterprises Index Futures	467,559	2015/08/26	519,817	2015/12/29
Hang Seng Index Futures	353,193	2018/01/26	206,082	2017/06/27
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,465,052	2017/12/27
Mini Hang Seng Index Futures	215,927	2018/02/07	21,682	2011/06/17
Hang Seng Index Options	130,998	2018/01/23	594,941	2017/11/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	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

Product	Record High Daily Volume		Record High Open Interest