Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - August 2008

Date 04/09/2008

Highlights

Securities Market

  • The average daily turnover for the first eight months of 2008 was $80,764 million, an increase of 19 per cent when compared with the same period last year, when it was $68,137 million.
  • The average daily turnover of derivative warrants for the first eight months of 2008 was $18,385 million, an increase of 43 per cent when compared with the same period last year, when it was $12,813 million.
  • The average daily turnover of CBBC for the first eight months of 2008 was $3,222 million, an increase of 2,402 per cent when compared with the same period last year. In August, CBBC's average daily turnover rose to $7,121 million, accounting for 12 per cent of the total securities market turnover for the month. On 7 August 2008, the turnover of CBBC reached a single-day record high of $10,008 million.

Derivatives Market

  • On 26 August 2008, the daily turnover for Hang Seng Index Futures reached a record high of 205,119 contracts.
  • On 27 August 2008, the total open interest for Mini Hang Seng Index Options reached a record high of 5,205 contracts.
  • The average daily turnover of futures and options for the first eight months of 2008 was 420,299 contracts, an increase of 31 per cent when compared with the same period last year, when it was 321,837 contracts.

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

 

 

Aug 2008

Aug 2007

End 2007

No. of listed companies

 1,261

 1,206

 1,241

Total market capitalisation ($Bil.)

 15,303

 17,747

 20,698

No. of newly listed companies

 1

 1

 84

No. of listed securities

 6,148

 4,476

 6,092

No. of equity warrants

 40

 29

 33

No. of derivatives warrants

 4,034

 2,986

 4,483

No. of CBBC

 604

 50

 131

No. of unit trusts

 33

 26

 26

No. of debt securities

 173

 175

 175

 

Securities Market Turnover (Main Board and GEM)

 

 

Aug 2008

Jul 2008

% Chan ge

Monthly turnover ($Mil.)

1,129,294

1,391,196

-19%

Average daily turnover by value ($Mil.)

59,437

63,236

-6%

No. of trading days

19

22

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Aug 2008($Mil)

Jul 2008($Mil)

% Chan ge

Equities

780,361.63
(69.1%)

978,277.37
(70.3%)

-20.2%

Derivative warrants

173,421.74
(15.4%)

235,180.56
(16.9%)

-26.3%

CBBC

135,308.65
(12.0%)

126,985.16
(9.1%)

6.6%

Debt securities

0.15
(0.0%)
(less than 0.1%)

0.86
(0.0%)
(less than 0.1%)

-82.4%

( ) % of market total

 

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

 

 

Aug 2008

Aug 2007

End 2007

No. of H shares

 151

143

 146

No. of Red chips Stocks

 93

89

 93

No. of NHMPE

 209

151

 200

Market capitalisation (% of market total)

56.5%

56.3%

58.2%

Turnover value (% of equity turnover)

70.1%

70.8%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Aug 2008

% Chan ge
over 1 Month

% Chan ge
over 12 Months

S&P/HKEx LargeCap Index

26062.03

-6.1%

-9.5%

S&P/HKEx GEM Index

690.48

-9.8%

-54.2%

Hang Seng Index

21261.89

-6.5%

-11.4%

Hang Seng China Enterprises Index#

11664.43

-6.7%

-18.7%

Hang Seng China-Affiliated Corporations Index*

4175.30

-11.3%

-14.0%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Aug 2008

Jul 2008

% Change

Total Futures

185, 3 22

166,808

11.1%

Hang Seng Index Futures

96,008

85,846

11.8%

Mini Hang Seng Index Futures

3 2,196

28,496

1 3 .0%

H-shares Index Futures

54,818

50,1 3 9

9. 3 %

Mini H-shares Index Futures

1,196

1,406

-14.9%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

1,011

84 3

19.9%

3-Month HIBOR Futures

9 3

75

24.0%

1-Month HIBOR Futures

0

2

-100.0%

3 -Year Exchange Fund Note Futures

0

0

-

Total Options

22 3 ,699

209,501

6.8%

Hang Seng Index Options

17,115

17,291

-1.0%

Mini Hang Seng Index Options

916

74 3

2 3 . 3 %

H-shares Index Options

5,600

6,8 3 6

-18.1%

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

200,069

184,6 3 0

8.4%

Total Futures and Options

409,021

3 76, 3 09

8.7%

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Aug 2008

Jul 2008

% Change

Average daily number of exchange trades handled by CCASS

460,941

470,278

-1.99%

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

55,119

56,932

-3.18%

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

339

402

-15.67%

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

99.88

99.86

N/A

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


74.18%
44.86%


75.13%
            44.71%


N/A
N/A

DCASS Statistics (derivatives market)

Aug 2008

Jul 2008

% Chan ge

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

202,604

195, 3 68

3 .7%

  -   Stock Futures

7,592

6,207

22. 3 %

  -   Interest Rates Futures

2,7 3 8

2,145

27.6%

  -   Equity Index Options

161,008

154,975

3 .9%

  -   Stock Options

5,558,479

5,25 3 ,774

5.8%

 

Year-to-date Statistics

 

Securities Market

Aug 2008
YTD

Aug 2007
YTD

% Change

No. of newly listed companies

30

47

-36%

Average daily turnover by value ($Mil.)

80,764

68,137

19%

Average share traded per trading day (Mil. Shares)

128,562

74,333

73%

Average no. of trades per trading day

559,864

544,332

3%

Fund raised by IPOs ($Mil.)

61,707

139,256

-56%

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

167,973

294,764

-43%

Derivatives Market

Aug 2008
YTD

Aug 2007
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

171,160

118,164

44.8%

- Stock Futures

767

1,582

-51.5%

- Interest Rates Futures

11 3

1 3 7

-17.5%

- Equity Index Options

21, 3 06

41,875

-49.1%

- Stock Options

226,954

160,079

41.8%

Clearing & Settlement

Aug 2008
YTD

Aug 2007
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

559,851

544,328

2.85%

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

63,752

59,452

7.23%

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

513

901

-43.06%

* Provisional figures only

 

Historical Records
up to 31  August  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

205,119

2008/08/26

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