Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - November 2007

Date 06/12/2007


Highlights

- Securities Market

  1. On 5 November 2007, the Hang Seng Index fell 1526.02 points, the largest single-day decline by points in history.
  2. On 5 November 2007, the Hang Seng China Enterprises Index (H-shares Index) fell 1248.93 points, the largest single-day decline by points in history.
  3. On 7 November 2007, the market capitalisation for the Growth Enterprise Market reached an all-time closing high of $174.78 billion.

- Derivatives Market

  1. On 28 November 2007, the total open interest for all futures and options reached a record high of 9,279,970 contracts.  
  2. On 28 November 2007, the daily turnover for Hang Seng Index Options reached a record high of 85,981 contracts.

 

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

 

Nov 2007

Nov 2006

End 2006

No. of listed companies

 1,229

 1,159

 1,173

Total market capitalisation ($Bil.)

 21,205

 12,197

 13,338

No. of newly listed companies

 9

 -  

 62

No. of listed securities

 5,856

 3,304

 3,383

No. of equity warrants

 31

 28

 28

No. of derivatives warrants

 4,275

 1,881

 1,959

No. of CBBC

 119

 41

 24

No. of unit trusts

 26

 14

 15

No. of debt securities

 173

 177

 180

 

Securities Market Turnover (Main Board and GEM)

 

Nov 2007

Oct 2007

% Chan ge

Monthly turnover ($Mil.)

3,007,224

3,487,326

-14%

Average daily turnover by value ($Mil.)

136,692

166,063

-18%

No. of trading days

22

21

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Nov 2007($Mil)

Oct 2007($Mil)

% Change

Equities

2,156,086.55
(71.7%)

2,635,070.59
(75.6%)

-18.2%

Derivative warrants

804,320.49
(26.7%)

814,498.39
(23.4%)

-1.2%

CBBC

22,571.28
(0.8%)

9,916.17
(0.3%)

127.6%

Debt securities

1.43
(0.0%)
(less than 0.1%)

0.98
(0.0%)
(less than 0.1%)

45.5%

( ) % of market total

 

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

 

Nov 2007

Nov 2006

End 2006

No. of H shares

 144

 134

 141

No. of Red chips Stocks

 93

 89

 90

No. of NHMPE

 193

 131

 136

Market capitalisation (% of market total)

59.3%

47.6%

50.3%

Turnover value (% of equity turnover)

72.3%

64.9%

60.0%

NHMPE = Non-H Share Mainland Private Enterprises
* revised figures for the change of constituents of NHMPE

 

Index Performance
Month-end figures

 

Nov 2007

% Change over 1 Month

% Change YTD

S&P/HKEx LargeCap Index

34533.62

-9.5%

53.2%

S&P/HKEx GEM Index

1427.89

-5.7%

19.8%

Hang Seng Index

28643.61

-8.6%

51.1%

Hang Seng China Enterprises Index#

17178.49

-14.5%

101.0%

Hang Seng China-Affiliated Corporations Index*

6282.88

-9.8%

103.8%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Nov 2007

Oct 2007

% Change

Total Futures

179,553

176,107

2.0%

Hang Seng Index Futures

84,658

83,594

1.3%

Mini Hang Seng Index Futures

31,868

28,629

11.3%

H-shares Index Futures

61,839

62,404

-0.9%

Hang Seng China H-Financials Index Futures1

0

0

-

FTSE/Xinhua China 25 Index Future

1

5

-80.0%

Stock Futures

1,024

1,376

-25.6%

3-Month HIBOR Futures

153

96

59.4%

1-Month HIBOR Futures

10

3

233.3%

3-Year Exchange Fund Note Futures

0

0

-

Total Options

266,623

321,668

-17.1%

Hang Seng Index Options

25,224

23,883

5.6%

Mini Hang Seng Index Options

222

261

-14.9%

H-shares Index Options

6,418

4,858

32.1%

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

234,758

292,667

-19.8%

Total Futures and Options

446,175

497,776

-10.4%

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

 

Clearing and Settlement

CCASS Statistics (securities market)

Nov 2007

Oct 2007

% Change

Average daily number of exchange trades handled by CCASS

779,067

937,825

-16.93%

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

82,236

93,651

-12.19%

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

1,094

1,232

-11.20%

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

99.72

99.66

N/A

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


74.03%
47.20%


72.69%
47.89%


N/A
N/A

DCASS Statistics (derivatives market)

Nov 2007

Oct 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

218,773

220,804

-0.9%

  -   Stock Futures

12,133

11,001

10.3%

  -   Interest Rates Futures

6,665

6,224

7.1%

  -   Equity Index Options

508,127

443,176

14.7%

  -   Stock Options

7,209,126

6,864,969

5.0%

 

Year-to-date Statistics

Securities Market

Nov 2007
YTD

Nov 2006
YTD

% Change

No. of newly listed companies

71

46

54%

Average daily turnover by value ($Mil.)

87,314

32,806

166%

Average share traded per trading day (Mil. Shares)

90,149

37,982

137%

Average no. of trades per trading day

616,781

248,228

148%

Fund raised by IPOs ($Mil.)

248,032

274,969

-10%

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

482,025

445,213

8%

Derivatives Market

Nov 2007
YTD

Nov 2006
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

131,222

78,874

66.4%

- Stock Futures

1,482

398

272.4%

- Interest Rates Futures

131

59

122.0%

- Equity Index Options

39,292

19,541

101.1%

- Stock Options

186,321

69,295

168.9%

Clearing & Settlement

Nov 2007
YTD

Nov 2006
YTD

% Change

Average daily number of exchange trades handled by CCASS

616,775

248,224

148.48%

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

66,141

35,468

86.48%

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

957

562

70.28%

* Provisional figures only

 

Historical Records
up to 30 November 2007

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

2007/10/15

29540.78

10

2007/10/18

29465.05

 

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

2007/10/15

21,727,265,076,331

 

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

8,302,290

2007/11/28

Hang Seng Index Futures

201,717

2007/09/25

198,789

2007/06/27

H-shares Index Futures

152,692

2007/08/29

149,201

2007/09/25

Hang Seng Index Options

85,981

2007/11/28

476,682

2007/08/29

Mini Hang Seng Index Futures

42,757

2007/11/27

10,238

2006/11/06