Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - August 2007

Date 06/09/2007


Highlights

- Securities Market

  1. The securities market turnover for August 2007 reached a single-month record high of $2,168,466 million while average daily turnover of $94,281 million was also the highest in history.
  2. On 27 August 2007, the securities market turnover reached a record high of $127,044 million.
  3. On 31 August 2007, the securities market capitalisation reached an all-time closing high of $17,747 billion.
  4. On 31 August 2007, the Hang Seng Index reached a record closing high of 23984.14.
  5. On 31 August 2007 , the Hang Seng China Enterprises Index (H-shares Index) reached a record closing high of 14338.84.

- Derivatives Market

  1. Total trading volume, which comprises all futures and options trading volume, reached a single-month record high of 11,318,418 contracts in August 2007.
  2. On 17 August 2007, the daily turnover for all futures and options reached a record high of 773,545 contracts.
  3. On 29 August 2007, the total open interest for all futures and options reached a record high of 7,595,427 contracts.

 

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

 

Aug 2007

Aug 2006

End 2006

No. of listed companies

 1,206

 1,149

 1,173

Total market capitalisation ($Bil.)

 17,747

 10,335

 13,338

No. of newly listed companies

 1

 -  

 62

No. of listed securities

 4,476

 2,899

 3,383

No. of equity warrants

 29

 29

 28

No. of derivatives warrants

 2,986

 1,505

 1,959

No. of CBBC

 50

 27

 24

No. of unit trusts

 26

 13

 15

No. of debt securities

 175

 173

 180

 

Securities Market Turnover (Main Board and GEM)

 

Aug 2007

Jul 2007

% Change

Monthly turnover ($Mil.)

 2,168,466

 1,905,011

14%

Average daily turnover by value ($Mil.)

 94,281

 90,715

4%

No. of trading days

 23

 21

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Aug 2007($Mil)

Jul 2007($Mil)

% Change

Equities

1,758,616.92
(81.1%)

1,499,825.78
(78.7%)

17.3%

Derivative warrants

377,291.64
(17.4%)

376,940.19
(19.8%)

0.1%

CBBC

7,593.40
(0.4%)

2,998.59
(0.2%)

153.2%

Debt securities

0.49
(0.0%)
(less than 0.1%)

0.69
(0.0%)
(less than 0.1%)

-28.9%

( ) % of market total

 

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

 

Aug 2007

Aug 2006

End 2006

No. of H shares

143

130

141

No. of Red chips Stocks

89

90

90

No. of NHMPE

151

128

136

Market capitalisation (% of market total)

56.3%

43.6%

50.3%

Turnover value (% of equity turnover)

70.8%

55.0%

60.0%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Aug 2007

% Change over 1 Month

% Change YTD

S&P/HKEx LargeCap Index

28787.98

3.5%

42.2%

S&P/HKEx GEM Index

1506.56

-16.0%

30.1%

Hang Seng Index

23984.14

3.4%

37.9%

Hang Seng China Enterprises Index#

14338.84

7.3%

108.3%

Hang Seng China-Affiliated Corporations Index*

4856.88

8.3%

88.8%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Aug 2007

Jul 2007

% Change

Total Futures

179,314

121,697

47.3%

Hang Seng Index Futures

90,237

64,153

40.7%

Mini Hang Seng Index Futures

21,929

10,842

102.3%

H-shares Index Futures

65,389

45,517

43.7%

Hang Seng China H-Financials Index Futures1

3

9

-66.7%

FTSE/Xinhua China 25 Index Future

7

7

0.0%

Stock Futures

1,638

1,096

49.5%

3-Month HIBOR Futures

109

73

49.3%

1-Month HIBOR Futures

2

0

-

3-Year Exchange Fund Note Futures

0

0

-

Total Options

312,792

272,621

14.7%

Hang Seng Index Options

44,144

41,410

6.6%

Mini Hang Seng Index Options

313

161

94.4%

H-shares Index Options

13,190

7,748

70.2%

FTSE/Xinhua China 25 Index Option

16

3

433.3%

Stock Options

255,128

223,300

14.3%

Total Futures and Options

492,105

394,319

24.8%

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

 

Clearing and Settlement

CCASS Statistics (securities market)

Aug 2007

Jul 2007

% Change

Average daily number of exchange trades handled by CCASS

688,758

694,250

-0.79%

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

72,123

71,508

0.86%

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

1,017

1,092

-6.87%

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

99.52

99.63

N/A

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


67.77%
44.17%


66.17%
43.32%


N/A
N/A

DCASS Statistics (derivatives market)

Aug 2007

Jul 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

223,804

218,903

2.2%

  -   Stock Futures

10,534

6,419

64.1%

  -   Interest Rates Futures

10,453

10,222

2.3%

  -   Equity Index Options

529,508

477,077

11.0%

  -   Stock Options

5,664,446

4,780,770

18.5%

 

Year-to-date Statistics

Securities Market

Aug 2007
YTD

Aug 2006
YTD

% Change

No. of newly listed companies

47

31

52%

Average daily turnover by value ($Mil.)

 68,137

 30,288

125%

Average share traded per trading day (Mil. Shares)

 74,333

 34,468

116%

Average no. of trades per trading day

 544,332

 230,647

136%

Fund raised by IPOs ($Mil.)

 138,759

 113,426

22%

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

 270,435

 217,924

24%

Derivatives Market

Aug 2007
YTD

Aug 2006
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

118,164

77,085

53.3%

- Stock Futures

1,582

331

377.9%

- Interest Rates Futures

137

66

107.6%

- Equity Index Options

41,874

18,583

125.3%

- Stock Options

160,079

63,618

151.6%

Clearing & Settlement

Aug 2007
YTD

Aug 2006
YTD

% Change

Average daily number of exchange trades handled by CCASS

544,328

230,643

136.00%

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

59,452

34,152

74.08%

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

901

528

70.64%

* Provisional figures only

 

Historical Records
up to 31 August 2007

Top 10 Hang Seng Index Closes

Rank

Date

Close

1

2007/08/31

23984.14

2

2007/08/27

23577.73

3

2007/08/30

23484.54

4

2007/07/24

23472.88

5

2007/07/23

23365.56

6

2007/08/28

23363.76

7

2007/07/25

23362.18

8

2007/07/20

23291.90

9

2007/07/26

23211.69

10

2007/07/31

23184.94

 

Top 10 Daily Market Turnover
(Main Board and GEM)

Rank

Date

Turnover ($)

1

2007/08/27

127,043,541,758

2

2007/08/28

123,581,924,882

3

2007/08/01

122,370,036,405

4

2007/06/20

122,261,839,189

5

2007/08/21

117,527,547,986

6

2007/08/17

116,667,112,146

7

2007/08/23

115,136,025,278

8

2007/08/31

113,549,689,669

9

2007/07/27

113,504,331,609

10

2007/07/10

110,660,407,310

 

Top 10 Market Capitalisation
(Main Board and GEM)

Rank

Date

Market Capitalisation($)

1

2007/08/31

17,746,709,680,935

2

2007/07/24

17,656,901,303,752

3

2007/07/25

17,596,047,831,493

4

2007/07/23

17,529,847,843,721

5

2007/08/27

17,506,909,771,716

6

2007/07/26

17,482,398,012,822

7

2007/07/31

17,440,932,291,319

8

2007/07/20

17,398,648,799,348

9

2007/08/30

17,342,834,306,590

10

2007/08/28

17,311,651,016,575

 

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

431,494

2007/08/17

6,532,561

2007/08/29

Hang Seng Index Futures

191,025

2006/09/26

198,789

2007/06/27

H-shares Index Futures

152,692

2007/08/29

142,425

2007/08/29

Hang Seng Index Options

77,739

2007/07/27

476,682

2007/08/29

Mini Hang Seng Index Futures

37,684

2007/08/21

10,238

2006/11/06