Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - October 2007

Date 06/11/2007

Highlights

- Securities Market

  1. The securities market turnover for October 2007 reached a single-month record high of $3,487,326 million while average daily turnover of $166,063 million was also the highest in history.
  2. On 3 October 2007, the securities market turnover reached a record high of $210,506 million. 
  3. On 16 October 2007, the derivative warrants turnover reached a record high of $49,961 million.
  4. On 29 October 2007, the securities market capitalisation reached $23,071 billion, exceeding $23 trillion for the first time. It reached an all-time closing high of $23,197 billion on 30 October 2007.
  5. On 30 October 2007, the Hang Seng Index reached a record closing high of 31638.22. 
  6. On 30 October 2007, the Hang Seng China Enterprises Index (H-shares Index) reached a record closing high of 20400.07.

- Derivatives Market

  1. On 29 October 2007, the total open interest for all futures and options reached a record high of 8,824,743 contracts. 

 

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

 

Oct 2007

Oct 2006

End 2006

No. of listed companies

 1,220

 1,160

 1,173

Total market capitalisation ($Bil.)

 23,070

 11,393

 13,338

No. of newly listed companies

 10

 9

 62

No. of listed securities

 5,562

 3,057

 3,383

No. of equity warrants

 30

 29

 28

No. of derivatives warrants

 4,013

 1,644

 1,959

No. of CBBC

 96

 34

 24

No. of unit trusts

 26

 13

 15

No. of debt securities

 173

 174

 180

 

Securities Market Turnover (Main Board and GEM)

 

Oct 2007

Sep 2007

% Change

Monthly turnover ($Mil.)

 3,487,326

 2,083,138

67%

Average daily turnover by value ($Mil.)

 166,063

 109,639

51%

No. of trading days

 21

 19

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Oct 2007($Mil)

Sep 2007($Mil)

% Change

Equities

2,635,070.59
(75.6%)

1,627,484.62
(78.1%)

61.9%

Derivative warrants

814,498.39
(23.4%)

430,827.22
(20.7%)

89.1%

CBBC

9,916.17
(0.3%)

5,102.51
(0.2%)

94.3%

Debt securities

0.98
(0.0%)
(less than 0.1%)

0.10
(0.0%)
(less than 0.1%)

893.3%

( ) % of market total

 

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

 

Oct 2007

Oct 2006

End 2006

No. of H shares

 144

 134

 141

No. of Red chips Stocks

 91

 90

 90

No. of NHMPE

 162

 131

 136

Market capitalisation (% of market total)

60.1%

46.2%

50.3%

Turnover value (% of equity turnover)

76.0%

63.7%

60.0%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Oct 2007

% Change over 1 Month

% Change YTD

S&P/HKEx LargeCap Index

38148.39

16.1%

79.4%

S&P/HKEx GEM Index

1515

0.0%

33.2%

Hang Seng Index

31352.58

15.5%

71.1%

Hang Seng China Enterprises Index#

20081.75

18.0%

168.3%

Hang Seng China-Affiliated Corporations Index*

6961.79

20.0%

138.0%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Oct 2007

Sep 2007

% Change

Total Futures

176,107

143,386

22.8%

Hang Seng Index Futures

83,594

72,807

14.8%

Mini Hang Seng Index Futures

28,629

18,955

51.0%

H-shares Index Futures

62,404

50,284

24.1%

Hang Seng China H-Financials Index Futures1

0

1

-100.0%

FTSE/Xinhua China 25 Index Future

5

4

25.0%

Stock Futures

1,376

1,258

9.4%

3-Month HIBOR Futures

96

76

26.3%

1-Month HIBOR Futures

3

1

200.0%

3-Year Exchange Fund Note Futures

0

0

-

Total Options

321,668

277,416

16.0%

Hang Seng Index Options

23,883

26,634

-10.3%

Mini Hang Seng Index Options

261

167

56.3%

H-shares Index Options

4,858

10,034

-51.6%

FTSE/Xinhua China 25 Index Option

0

1

-100.0%

Stock Options

292,667

240,579

21.7%

Total Futures and Options

497,776

420,801

18.3%

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

 

Clearing and Settlement

CCASS Statistics (securities market)

Oct 2007

Sep 2007

% Change

Average daily number of exchange trades handled by CCASS

937,825

703,168

33.37%

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

93,651

75,191

24.55%

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

1,232

987

24.82%

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

99.66

99.70

N/A

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


72.69%
47.89%


69.00%
45.96%


N/A
N/A

DCASS Statistics (derivatives market)

Oct 2007

Sep 2007

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

220,804

218,652

1.0%

  -   Stock Futures

11,001

8,596

28.0%

  -   Interest Rates Futures

6,224

5,977

4.1%

  -   Equity Index Options

443,176

449,440

-1.4%

  -   Stock Options

6,864,969

5,435,153

26.3%

 

Year-to-date Statistics

Securities Market

Oct 2007
YTD

Oct 2006
YTD

% Change

No. of newly listed companies

62

46

35%

Average daily turnover by value ($Mil.)

82,015

31,056

164%

Average share traded per trading day (Mil. Shares)

81,294

36,541

122%

Average no. of trades per trading day

599,364

236,127

154%

Fund raised by IPOs ($Mil.)

203,823

274,969

-26%

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

389,271

414,943

-6%

Derivatives Market

Oct 2007
YTD

Oct 2006
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

126,162

77,529

62.7%

- Stock Futures

1,531

352

334.9%

- Interest Rates Futures

128

61

109.8%

- Equity Index Options

40,089

19,170

109.1%

- Stock Options

181,122

65,297

177.4%

Clearing & Settlement

Oct 2007
YTD

Oct 2006
YTD

% Change

Average daily number of exchange trades handled by CCASS

599,359

236,123

153.83%

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

64,414

34,531

86.54%

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

943

542

73.99%

* Provisional figures only

 

Historical Records
up to 31 October 2007

Top 10 Hang Seng Index Closes

Rank

Date

Close

1

2007/10/30

31638.22

2

2007/10/29

31586.90

3

2007/10/31

31352.58

4

2007/10/26

30405.22

5

2007/10/25

29854.49

6

2007/10/15

29540.78

7

2007/10/18

29465.05

8

2007/10/23

29376.86

9

2007/10/24

29333.53

10

2007/10/17

29298.71

 

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

2007/10/18

169,121,203,305

9

2007/10/25

165,926,117,174

10

2007/10/02

163,939,956,921

 

Top 10 Market Capitalisation
(Main Board and GEM)

Rank

Date

Market Capitalisation($)

1

2007/10/30

23,196,977,098,941

2

2007/10/29

23,070,544,404,276

3

2007/10/31

23,069,877,573,111

4

2007/10/26

22,285,176,719,928

5

2007/10/25

21,942,008,331,692

6

2007/10/15

21,727,265,076,331

7

2007/10/18

21,726,483,577,449

8

2007/10/24

21,611,503,952,210

9

2007/10/23

21,599,935,012,513

10

2007/10/17

21,599,260,903,485

 

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

7,858,037

2007/10/29

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

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