Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - April 2008

Date 07/05/2008

Highlights

Securities Market

  • Average daily turnover up to April 2008 was $95,592 million, an increase of 79 per cent when compared with the same period last year of $53,453 million.
  • Average daily turnover of derivative warrants up to April 2008 was $25,155 million, an increase of 138 per cent when compared with the same period last year of $10,554 million.
  • Average daily turnover of CBBC in April 2008 reached a record high of $1,829 million.

Derivatives Market

  • Average daily of futures and options up to April 2008 was traded 449,394 contracts, an increase of 69 per cent when compared with the same period last year of 266,445 contracts.
  • Average daily turnover of Mini H-shares Index futures was 1,266 contracts in April 2008, their first full month of trading.

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

 

 

Apr 2008

Apr 2007

End 2007

No. of listed companies

 1,244

 1,186

 1,241

Total market capitalisation ($Bil.)

 18,860

 14,247

 20,698

No. of newly listed companies

 1

 6

 84

No. of listed securities

 6,553

 3,941

 6,092

No. of equity warrants

 39

 31

 33

No. of derivatives warrants

 4,808

 2,480

 4,483

No. of CBBC

 260

 39

 131

No. of unit trusts

 26

 22

 26

No. of debt securities

 173

 179

 175

 

Securities Market Turnover (Main Board and GEM)

 

 

Apr 2008

Mar 2008

% Chan ge

Monthly turnover ($Mil.)

1,820,521

1,699,723

7%

Average daily turnover by value ($Mil.)

86,691

89,459

-3%

No. of trading days

21

19

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Apr 2008($Mil)

Mar 2008($Mil)

% Chan ge

Equities

1,270,228.53
(69.8%)

1,213,849.41
(71.4%)

4.6%

Derivative warrants

426,456.88
(23.4%)

430,689.01
(25.3%)

-1.0%

CBBC

38,402.99
(2.1%)

35,839.72
(2.1%)

7.2%

Debt securities

0.10
(0.0%)
(less than 0.1%)

0.15
(0.0%)
(less than 0.1%)

-33.2%

( ) % of market total

 

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

 

 

Apr 2008

Apr 2007

End 2007

No. of H shares

 148

 143

 146

No. of Red chips Stocks

 93

 91

 93

No. of NHMPE

 202

 140

 200

Market capitalisation (% of market total)

58.6%

50.3%

58.2%

Turnover value (% of equity turnover)

74.2%

64.2%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Apr 2008

% Chan ge
over 1 Month

% Chan ge
over 12 Months

S&P/HKEx LargeCap Index

31200.56

12.3%

29.7%

S&P/HKEx GEM Index

884.08

4.5%

-37.2%

Hang Seng Index

25755.35

12.7%

26.8%

Hang Seng China Enterprises Index#

14230.25

17.8%

41.8%

Hang Seng China-Affiliated Corporations Index*

5792.79

13.9%

67.8%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Apr 2008

Mar 2008

% Change

Total Futures

157,407

184,719

-14.8%

Hang Seng Index Futures

75,961

89,67 3

-15. 3 %

Mini Hang Seng Index Futures

26,57 3

3 0,788

-1 3 .7%

H-shares Index Futures

52,697

6 3 ,224

-16.7%

Mini H-shares Index Futures

1,266

1,204

5.1%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

78 3

8 3 9

-6.7%

3-Month HIBOR Futures

122

121

0.8%

1-Month HIBOR Futures

4

10

-60.0%

3 -Year Exchange Fund Note Futures

0

0

-

Total Options

227,788

3 3 5,011

- 3 2.0%

Hang Seng Index Options

10,707

14,826

-27.8%

Mini Hang Seng Index Options

411

421

-2.4%

H-shares Index Options

4,109

7,81 3

-47.4%

FTSE/Xinhua China 25 Index Option

0

5

-100.0%

Stock Options

212,562

3 11,946

- 3 1.9%

Total Futures and Options

3 85,194

519,7 3 0

-25.9%

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Apr 2008

Mar 2008

% Change

Average daily number of exchange trades handled by CCASS

588,089

619,347

-5.05%

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

64,074

66,289

-3.34%

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

534

592

-9.80%

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

99.86

99.85

N/A

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


76.66%
45.30%


77.13%
44.86%


N/A
N/A

DCASS Statistics (derivatives market)

Apr 2008

Mar 2008

% Chan ge

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

207,472

224,8 3 8

-7.7%

  -   Stock Futures

6,7 3 4

5,44 3

2 3 .7%

  -   Interest Rates Futures

2,221

2,060

7.8%

  -   Equity Index Options

175,76 3

194,619

-9.7%

  -   Stock Options

5,997, 3 17

5,652,274

6.1%

 

Year-to-date Statistics

 

Securities Market

Apr 2008
YTD

Apr 2007
YTD

% Change

No. of newly listed companies

11

19

-42%

Average daily turnover by value ($Mil.)

95,592

53,453

79%

Average share traded per trading day (Mil. Shares)

148,343

64,664

129%

Average no. of trades per trading day

629,581

442,550

42%

Fund raised by IPOs ($Mil.)

33,165

78,558

-58%

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

75,839

122,035

-38%

Derivatives Market

Apr 2008
YTD

Apr 2007
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

176,691

104,040

69.8%

- Stock Futures

694

2,220

-68.7%

- Interest Rates Futures

1 3 1

176

-25.7%

- Equity Index Options

19,671

3 5,9 3 6

-45. 3 %

- Stock Options

252,206

124,074

10 3 . 3 %

Clearing & Settlement

Apr 2008
YTD

Apr 2007
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

629,566

442,544

42.26%

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

68,601

50,691

35.33%

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

601

795

-24.40%

* Provisional figures only

 

Historical Records
up to 30  April  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, 3 02,290

2007/11/28

Hang Seng Index Futures

204,878

2008/02/26

198,789

2007/06/27

H-shares Index Futures

179,041

2008/03/26

156,841

2008/03/26

Hang Seng Index Options

85,981

2007/11/28

476,682

2007/08/29

Mini Hang Seng Index Futures

6 3 ,991

2008/01/24

10,2 3 8

2006/11/06