Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - June 2008

Date 07/07/2008

Highlights

Securities Market

  • The average daily turnover for the first six months of 2008 was $87,300 million, an all-time high turnover value for the first half of a year.
  • The average daily turnover of derivative warrants for the first six months of 2008 was $21,237 million, an all-time first-half high and an increase of 89 per cent when compared with the same period last year, when it was $11,239 million.
  • On 20 June 2008, the turnover of CBBC reached a single-day record high of $7,039 million.

Derivatives Market

  • The average daily of futures and options for the first six months of 2008 was 430,149 contracts, an all-time first-half high and an increase of 55 per cent when compared with the same period last year, when it was 276,892 contracts.

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

 

 

Jun 2008

Jun 2007

End 2007

No. of listed companies

 1,254

 1,196

 1,241

Total market capitalisation ($Bil.)

 16,356

 15,855

 20,698

No. of newly listed companies

 8

 8

 84

No. of listed securities

 6,555

 4,147

 6,092

No. of equity warrants

 39

 30

 33

No. of derivatives warrants

 4,599

 2,681

 4,483

No. of CBBC

 453

 37

 131

No. of unit trusts

 32

 24

 26

No. of debt securities

 175

 175

 175

 

Securities Market Turnover (Main Board and GEM)

 

 

Jun 2008

May 2008

% Chan ge

Monthly turnover ($Mil.)

1,286,877

1,533,448

-16%

Average daily turnover by value ($Mil.)

64,344

76,672

-16%

No. of trading days

20

20

-

 

Turnover by Type of Securities (Main Board and GEM)

 

 

Jun 2008($Mil)

May 2008 ($Mil)

% Chan ge

Equities

941,278.17
(73.1%)

1,135,280.95
(74.0%)

-17.1%

Derivative warrants

221,922.29
(17.2%)

310,240.66
(20.2%)

-28.5%

CBBC

81,439.80
(6.3%)

56,185.53
(3.7%)

44.9%

Debt securities

1.50
(0.0%)
(less than 0.1%)

0.15
(0.0%)
(less than 0.1%)

895.2%

( ) % of market total

 

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

 

 

Jun 2008

Jun 2007

End 2007

No. of H shares

 150

143

 146

No. of Red chips Stocks

 93

 91

 93

No. of NHMPE

 206

 143

 200

Market capitalisation (% of market total)

57.1%

52.8%

58.2%

Turnover value (% of equity turnover)

70.7%

64.7%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

 

Jun 2008

% Chan ge
over 1 Month

% Chan ge over
12 Months

S&P/HKEx LargeCap Index

26956.93

-9.1%

3.2%

S&P/HKEx GEM Index

797.44

-11.0%

-51.1%

Hang Seng Index

22102.01

-9.9%

1.5%

Hang Seng China Enterprises Index#

11909.75

-13.5%

-0.8%

Hang Seng China-Affiliated Corporations Index*

4750.72

-10.1%

15.0%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

 

Average Daily Volume (Contracts)

Jun 2008

May 2008

% Change

Total Futures

166,576

148,458

12.2%

Hang Seng Index Futures

85, 3 4 3

75,00 3

1 3 .8%

Mini Hang Seng Index Futures

26,904

24,7 3 9

8.8%

H-shares Index Futures

52, 3 65

46,8 3 8

11.8%

Mini H-shares Index Futures

1,162

962

20.8%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

684

826

-17.2%

3-Month HIBOR Futures

11 3

87

29.9%

1-Month HIBOR Futures

5

2

150.0%

3 -Year Exchange Fund Note Futures

0

0

-

Total Options

261,145

206,599

26.4%

Hang Seng Index Options

18,440

12,797

44.1%

Mini Hang Seng Index Options

696

5 3 1

3 1.1%

H-shares Index Options

6, 3 3 9

4, 3 62

45. 3 %

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

2 3 5,670

188,910

24.8%

Total Futures and Options

427,721

3 55,057

20.5%

 

Clearing and Settlement

 

CCASS Statistics (securities market)

Jun 2008

May 2008

% Change

Average daily number of exchange trades handled by CCASS

468,239

561,613

-16.63

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

60,255

63,560

-5.20

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

448

515

-13.01

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

99.82

99.84

N/A

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


75.61%
44.60%


76.38%
45.05%


N/A
N/A

DCASS Statistics (derivatives market)

Jun 2008

May 2008

% Chan ge

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

214,427

191,210

12.1%

  -   Stock Futures

6,864

8,5 3 8

-19.6%

  -   Interest Rates Futures

1,815

2,462

-26. 3 %

  -  Equity Index Options

140,548

197,016

-28.7%

  -   Stock Options

4,775, 3 3 0

6,048,414

-21.0%

 

Year-to-date Statistics

 

Securities Market

Jun 2008
YTD

Jun 2007
YTD

% Change

No. of newly listed companies

23

32

-28%

Average daily turnover by value ($Mil.)

87,300

59,249

47%

Average share traded per trading day (Mil. Shares)

135,759

70,838

92%

Average no. of trades per trading day

591,682

490,858

21%

Fund raised by IPOs ($Mil.)

50,360

98,069

-49%

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

116,310

195,504

-41%

Derivatives Market

Jun 2008
YTD

Jun 2007
YTD

% Chan ge

Average daily volume (contracts)

 

 

 

- Equity Index Futures

170,059

106,462

59.7%

- Stock Futures

714

1,656

-56.9%

- Interest Rates Futures

122

15 3

-20. 3 %

- Equity Index Options

20,284

3 7,581

-46.0%

- Stock Options

2 3 8,970

1 3 1,040

82.4%

Clearing & Settlement

Jun 2008
YTD

Jun 2007
YTD

% Chan ge

Average daily number of exchange trades handled by CCASS

591,669

490,854

20.54

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

66,369

54,951

20.78

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

561

845

-33.61

* Provisional figures only

 

Historical Records
up to 30  June  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