Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - July 2008

Date 07/08/2008

Highlights

Securities Market

  • The average daily turnover for the first seven months of 2008 was $83,598 million, an increase of 31 per cent when compared with the same period last year, when it was $63,903 million.
  • The average daily turnover of derivative warrants for the first seven months of 2008 was $19,615 million, an increase of 60 per cent when compared with the same period last year, when it was $12,232 million.
  • On 31 July 2008 , the turnover of CBBC reached a single-day record high of $7,731 million.

Derivatives Market

  • The average daily of futures and options for the first seven months of 2008 was 421,808 contracts, an increase of 43 per cent when compared with the same period last year, when it was 294,258 contracts.

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

 

 

Jul 2008

Jul 2007

End 2007

No. of listed companies

 1,260

 1,206

 1,241

Total market capitalisation ($Bil.)

 16,559

 17,441

 20,698

No. of newly listed companies

 6

 14

 84

No. of listed securities

 6,397

 4,260

 6,092

No. of equity warrants

 40

 27

 33

No. of derivatives warrants

 4,322

 2,780

 4,483

No. of CBBC

 566

 42

 131

No. of unit trusts

 33

 26

 26

No. of debt securities

 173

 175

 175

 

Securities Market Turnover (Main Board and GEM)

 

 

Jul 2008

Jun 2008

% Chan ge

Monthly turnover ($Mil.)

1,391,196

1,286,877

8%

Average daily turnover by value ($Mil.)

63,236

64,344

-2%

No. of trading days

22

20

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Jul 2008($Mil)

Jun 2008($Mil)

% Chan ge

Equities

978,277.37
(70.3%)

941,278.17
(73.1%)

3.9%

Derivative warrants

235,180.56
(16.9%)

221,922.29
(17.2%)

6.0%

CBBC

126,985.16
(9.1%)

81,439.80
(6.3%)

55.9%

Debt securities

0.86
(0.0%)
(less than 0.1%)

1.50
(0.0%)
(less than 0.1%)

-42.9%

( ) % of market total

 

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

 

 

Jul 2008

Jul 2007

End 2007

No. of H shares

 150

143

 146

No. of Red chips Stocks

 93

88

 93

No. of NHMPE

 209

151

 200

Market capitalisation (% of market total)

57.4%

53.9%

58.2%

Turnover value (% of equity turnover)

70.5%

65.1%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Jul 2008

% Chan ge
over 1 Month

% Chan ge
over 12 Months

S&P/HKEx LargeCap Index

27744.67

2.9%

-0.3%

S&P/HKEx GEM Index

765.40

-4.02%

-57.3%

Hang Seng Index

22731.10

2.9%

-2.0%

Hang Seng China Enterprises Index#

12506.74

5.0%

-6.4%

Hang Seng China-Affiliated Corporations Index*

4709.52

-0.9%

5.1%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Jul 2008

Jun 2008

% Change

Total Futures

166,808

166,576

0.1%

Hang Seng Index Futures

85,846

85, 3 4 3

0.6%

Mini Hang Seng Index Futures

28,496

26,904

5.9%

H-shares Index Futures

50,1 3 9

52, 3 65

-4. 3 %

Mini H-shares Index Futures

1,406

1,162

21.0%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

84 3

684

2 3 .2%

3-Month HIBOR Futures

75

11 3

- 3 3 .6%

1-Month HIBOR Futures

2

5

-60.0%

3 -Year Exchange Fund Note Futures

0

0

-

Total Options

209,501

261,145

-19.8%

Hang Seng Index Options

17,291

18,440

-6.2%

Mini Hang Seng Index Options

74 3

696

6.8%

H-shares Index Options

6,8 3 6

6, 3 3 9

7.8%

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

184,6 3 0

2 3 5,670

-21.7%

Total Futures and Options

3 76, 3 09

427,721

-12.0%

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Jul 2008

Jun 2008

% Change

Average daily number of exchange trades handled by CCASS

470,278

468,239

0.44%

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

56,932

60,255

-5.51%

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

402

448

-10.27%

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

99.86

99.82

N/A

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


75.13%
44.71%


75.61%
44.60%


N/A
N/A

DCASS Statistics (derivatives market)

Jul 2008

Jun 2008

% Chan ge

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

195, 3 68

214,427

-8.9%

  -   Stock Futures

6,207

6,864

-9.6%

  -   Interest Rates Futures

2,145

1,815

18.2%

  -   Equity Index Options

154,975

140,548

10. 3 %

  -   Stock Options

5,25 3 ,774

4,775,250

10.0%

 

Year-to-date Statistics

 

Securities Market

Jul 2008
YTD

Jul 2007
YTD

% Change

No. of newly listed companies

29

46

-37%

Average daily turnover by value ($Mil.)

83,598

63,903

31%

Average share traded per trading day (Mil. Shares)

131,313

72,627

81%

Average no. of trades per trading day

573,006

520,938

10%

Fund raised by IPOs ($Mil.)

57,547

135,443

-58%

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

145,266

258,984

-44%

Derivatives Market

Jul 2008
YTD

Jul 2007
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

169,41 3

108,542

56.1%

- Stock Futures

7 3 4

1,57 3

-5 3 . 3 %

- Interest Rates Futures

115

141

-18.4%

- Equity Index Options

20,995

3 9, 3 17

-46.6%

- Stock Options

2 3 0,551

144,684

59. 3 %

Clearing & Settlement

Jul 2008
YTD

Jul 2007
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

572,993

520,934

9.99%

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

64,907

57,399

13.08%

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

536

882

-39.23%

* Provisional figures only

 

Historical Records
up to 31  July  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