HKEx Monthly Market Highlights - October 2010

Highlights

Securities Market

• A total of $345,940 million was raised by initial public offerings for the first 10 months of 2010, an increase of 222 per cent when compared with $107,460 million for the same period last year.  This year’s total has overtaken the past record of IPO equity capital raised, which was the $333,852 million raised in 2006.  The IPO of AIA Group Ltd, Hong Kong’s largest ever, raised $159,078 million (AIA was listed on the Main Board on 29 October).
• There were 78 newly listed companies for the first 10 months of 2010, an increase of 77 per cent when compared with 44 for the same period last year.
• The average daily turnover for the first 10 months of 2010 was $66,564 million, an increase of 8 per cent when compared with $61,717 million for the same period last year.
• On 14 October 2010, the number of trades reached a record high of 1,343,532.

 

Derivatives Market

• The average daily turnover of futures and options for the first 10 months of 2010 was 450,637 contracts, an increase of 13 per cent when compared with 398,491 contracts for the same period last year.
• The average daily turnover of equity index options for the first 10 months of 2010 was 45,433 contracts, an increase of 56 per cent when compared with 29,163 contracts for the same period last year.
• On 26 October 2010, the turnover of Hang Seng Index Futures reached a record high of 228,392 contracts.
• On 27 October 2010, the open interest of Mini Hang Seng Index Options and H-shares Index Futures reached a record high of 15,016 and 162,527 contracts.

 

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

 

	Oct 2010	Oct 2009	End 2009
No. of listed companies	1,385	1,297	1,319
Total market capitalisation ($Bil.)	20,771	16,899	17,874
No. of newly listed companies *	20	11	73
No. of listed securities	7,541	6,490	6,616
No. of equity warrants	25	26	26
No. of derivatives warrants	4,810	3,220	3,367
No. of CBBC	1,079	1,734	1,692
No. of unit trusts	76	46	52
No. of debt securities	163	164	157

 * Includes the number of transfers of listing from GEM to Main Board

 

 

Securities Market Turnover (Main Board and GEM)

 

	Oct 2010	Sep 2010	% Change
Monthly turnover ($Mil.)	1,968,933	1,547,871	27%
Average daily turnover by value ($Mil.)	98,447	73,708	34%
No. of trading days	20	21	-

 

  

Turnover by Type of Securities (Main Board and GEM)

 

	Oct 2010 ($Mil)	Sep 2010 ($Mil)	% Change
Equities	1,429,262.98 (72.6%)	1,143,133.70 (73.9%)	25.0%
Derivative warrants	294,677.71 (15.0%)	249,936.72 (16.1%)	17.9%
CBBC	154,747.03 (7.9%)	106,246.23 (6.9%)	45.6%
Debt securities	0.00 (0.0%)	0. 05   (0.0%) (less than 0.1%)	-100%

( ) % of market total

 

 

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

 

	Oct 2010	Oct 2009	End 2009
No. of H shares	160	153	156
No. of Red chips Stocks	101	97	97
No. of NHMPE	310	242	271
Market capitalisation (% of market total)	57.1%	57.7%	58.4%
Turnover value (% of equity turnover)	68.4%	71.2%	71.6%

NHMPE = Non-H Share Mainland Private Enterprises

 

 

Index Performance
Month-end figures

 

	Oct 2010	% Change over 1 Month	% Change over 12 Months
S&P/HKEx LargeCap Index	27243.82	3.7%	7.1%
S&P/HKEx GEM Index	824.43	1.9%	19.3%
Hang Seng Index	23096.32	3.3%	6.2%
Hang Seng China Enterprises Index#	13168.68	6.2%	3.1%
Hang Seng China-Affiliated Corporations Index*	4205.07	-0.1%	4.7%

# - tracks H shares
* - tracks Red chips

 

 

Derivatives Market Turnover

 

	Average Daily Volume (Contracts)
	Oct 2010	Sep 2010	% Change
Total Futures	192,143	159,328	20.6%
Hang Seng Index Futures	97,152	79,917	21.6%
Mini Hang Seng Index Futures	32,687	27,534	18.7%
H-shares Index Futures	54,988	47,209	16.5%
Mini H-shares Index Futures	4,963	3,776	31.4%
Stock Futures	2,320	872	166.1%
3-Month HIBOR Futures	0	1	-100.0%
1-Month HIBOR Futures	0	0	-
3-Year Exchange Fund Note Futures	0	0	-
Gold Futures	35	19	84.2%
Total Options	423,064	304,584	38.9%
Hang Seng Index Options	44,147	35,914	22.9%
Mini Hang Seng Index Options	2,826	2,049	37.9%
Flexible Hang Seng Index Options 1	25	87	-71.3%
H-shares Index Options	14,813	11,943	24.0%
Flexible H-shares Index Options 2	32	0	-
Stock Options	361,221	254,591	41.9%
Total Futures and Options	615,206	463,912	32.6%

1 Trading in Flexible Hang Seng Index Options commenced on 08 Feb 2010
2 Trading in Flexible H-shares Index Options commenced on 08 Feb 2010

 

 

Clearing and Settlement

 

CCASS Statistics (securities market)	Oct 2010	Sep 2010	% Change
Average daily number of exchange trades handled by CCASS	992,848	772,045	28.60%
Average daily number of settlement instructions (SIs) settled by CCASS	96,713	80,526	20.10%
Average daily number of investor SIs (ISIs) settled by CCASS	844	593	42.33%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.88	99.87	N/A
Shares deposited in the CCASS depository   –  % of total issued shares    –  % of the total market capitalisation	72.13%50.66%	71.67%50.28%	N/A N/A
DCASS Statistics (derivatives market)	Oct 2010	Sep 2010	% Change
Month-end Open Interest (contracts)
–  Equity Index Futures	238,657	235,577	1.3%
–  Stock Futures	10,991	6,887	59.6%
–  Interest Rates Futures	135	138	-2.2%
–  Gold Futures	162	92	76.1%
–  Equity Index Options	506,538	393,447	28.7%
–  Stock Options	6,374,743	5,090,926	25.2%

 

 

Year-to-date Statistics

 

Securities Market	Oct 2010 YTD	Oct 2009 YTD	% Change
No. of newly listed companies #	78	44	77%
Average daily turnover by value ($Mil.)	66,564	61,717	8%
Average share traded per trading day (Mil. Shares)	133,981	97,565	37%
Average no. of trades per trading day	760,565	703,258	8%
Fund raised by IPOs ($Mil.)	345,940	107,460	222%
Total funds raised (including IPOs) ($Mil.)*	535,667	430,683	24%
Derivatives Market	Oct 2010 YTD	Oct 2009 YTD	% Change
Average daily volume (contracts)
– Equity Index Futures	170,696	177,648	-3.9%
– Stock Futures	803	1,135	-29.3%
– Interest Rates Futures	4	13	-69.2%
– Gold Futures	21	24	-12.5%
– Equity Index Options	45,433	29,163	55.8%
– Stock Options	233,680	190,508	22.7%
Clearing & Settlement	Oct 2010 YTD	Oct 2009 YTD	% Change
Average daily number of exchange trades handled by CCASS	760,543	703,251	8.15%
Average daily number of settlement instructions (SIs) settled by CCASS	77,904	67,914	14.71%
Average daily number of investor SIs (ISIs) settled by CCASS	558	537	3.91%

# Includes the number of transfers of listing from GEM to Main Board
* Provisional figures only

 

 

Historical Records
up to 31 October 2010

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	8,302,290	2007/11/28
Hang Seng Index Futures	228,392	2010/10/26	198,789	2007/06/27
H-shares Index Futures	219,689	2008/10/28	162,527	2010/10/27
Hang Seng Index Options	85,981	2007/11/28	476,682	2007/08/29
Mini Hang Seng Index Futures	63,991	2008/01/24	11,148	2009/07/29