Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Monthly Market Highlights - September 2008

Date 08/10/2008


Highlights

- Securities Market

  1. The average daily turnover for the first nine months of 2008 was $79,255 million, an increase of 9 per cent when compared with $72,423 million for the same period last year. 
  2. The average daily turnover of derivative warrants for the first nine months of 2008 was $17,079 million, an increase of 23 per cent when compared with $13,832 million for the same period last year. 
  3. The average daily turnover of CBBCs for the first nine months of 2008 was $3,586 million, an increase of 2,443 per cent when compared with $141 million for the same period last year.

- Derivatives Market

  1. The average daily turnover of futures and options for the first nine months of 2008 was 431,981 contracts, an increase of 30 per cent when compared with the same period last year, when it was 332,056 contracts. 
  2. On 18 September 2008, the turnover of Mini H-shares Index Futures and H-shares Index Options reached a record high of 2,552 and 39,016 contracts respectively.
  3. On 26 September 2008 , the total open interest of Mini Hang Seng Index Options reached a record high of 5,568 contracts.

 

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

 

Sep 2008

Sep 2007

End 2007

No. of listed companies

 1,259

 1,210

 1,241

Total market capitalisation ($Bil.)

 12,548

20,055

 20,698

No. of newly listed companies

 0

 5

 84

No. of listed securities

 6,210

 4,851

 6,092

No. of equity warrants

 41

 30

 33

No. of derivatives warrants

 3,941

 3,344

 4,483

No. of CBBC

 759

 62

 131

No. of unit trusts

 33

 26

 26

No. of debt securities

 174

 175

 175

 

Securities Market Turnover (Main Board and GEM)

 

Sep 2008

Aug 2008

% Change

Monthly turnover ($Mil.)

1,419,970

1,129,294

26%

Average daily turnover by value ($Mil.)

67,618

59,437

14%

No. of trading days

21

19

-

 

Turnover by Type of Securities (Main Board and GEM)

 

Sep 2008($Mil)

Aug 2008($Mil)

% Change

Equities

1,088,624.13
(76.7%)

780,361.63
(69.1%)

39.5%

Derivative warrants

147,189.68
(10.4%)

173,421.74
(15.4%)

-15.1%

CBBC

134,145.43
(9.4%)

135,308.65
(12.0%)

-0.9%

Debt securities

0.50
0.0%)
(less than 0.1%)

0.15
(0.0%)
(less than 0.1%)

232.3%

( ) % of market total

 

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

 

Sep 2008

Sep 2007

End 2007

No. of H shares

 151

143

 146

No. of Red chips Stocks

 93

90

 93

No. of NHMPE

 209

151

 200

Market capitalisation (% of market total)

55.0%

58.1%

58.2%

Turnover value (% of equity turnover)

70.1%

72.4%

69.3%

NHMPE = Non-H Share Mainland Private Enterprises

 

Index Performance
Month-end figures

 

Sep 2008

% Change
over 1 Month

% Change
over 12 Months

S&P/HKEx LargeCap Index

22176.53

-14.9%

-32.5%

S&P/HKEx GEM Index

551.92

-20.1%

-63.6%

Hang Seng Index

18016.21

-15.3%

-33.6%

Hang Seng China Enterprises Index#

9070.31

-22.2%

-46.7%

Hang Seng China-Affiliated Corporations Index*

3470.00

-16.9%

-40.2%

# - tracks H shares
* - tracks Red chips

 

Derivatives Market Turnover

 

Average Daily Volume (Contracts)

Sep 2008

Aug 2008

% Change

Total Futures

214,807

185,322

15.9%

Hang Seng Index Futures

104,667

96,008

9.0%

Mini Hang Seng Index Futures

36,812

32,196

14.3%

H-shares Index Futures

69,754

54,818

27.2%

Mini H-shares Index Futures

1,508

1,196

26.1%

Hang Seng China H-Financials Index Futures

0

0

-

FTSE/Xinhua China 25 Index Future

0

0

-

Stock Futures

1,995

1,011

97.3%

3-Month HIBOR Futures

66

93

-29.0%

1-Month HIBOR Futures

5

0

-

3-Year Exchange Fund Note Futures

0

0

-

Total Options

306,739

223,699

37.1%

Hang Seng Index Options

20,669

17,115

20.8%

Mini Hang Seng Index Options

961

916

4.9%

H-shares Index Options

9,698

5,600

73.2%

FTSE/Xinhua China 25 Index Option

0

0

-

Stock Options

275,411

200,069

37.7%

Total Futures and Options

521,546

409,021

27.5%

 

Clearing and Settlement

CCASS Statistics (securities market)

Sep 2008

Aug 2008

% Change

Average daily number of exchange trades handled by CCASS

575,962

460,941

24.95%

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

63,417

55,119

15.05%

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

681

339

100.88%

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

99.50

99.88

N/A

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


74.53%
44.18%


74.18%
44.86%


N/A
N/A

DCASS Statistics (derivatives market)

Sep 2008

Aug 2008

% Change

Month-end Open Interest (contracts)

 

 

 

  -   Equity Index Futures

189,365

202,604

-6.5%

  -   Stock Futures

8,269

7,592

8.9%

  -   Interest Rates Futures

2,301

2,738

-16.0%

  -   Equity Index Options

174,198

161,008

8.2%

  -   Stock Options

4,675,934

5,558,479

-15.9%

 

Year-to-date Statistics

Securities Market

Sep 2008
YTD

Sep 2007
YTD

% Change

No. of newly listed companies

30

52

-42%

Average daily turnover by value ($Mil.)

79,255

72,423

9%

Average share traded per trading day (Mil. Shares)

124,033

76,061

63%

Average no. of trades per trading day

561,712

560,734

0.2%

Fund raised by IPOs ($Mil.)

62,331

158,987

-61%

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

175,274

332,719

-47%

Derivatives Market

Sep 2008
YTD

Sep 2007
YTD

% Change

Average daily volume (contracts)

 

 

 

- Equity Index Futures

175,958

120,630

45.9%

- Stock Futures

908

1,549

-41.4%

- Interest Rates Futures

108

131

-17.6%

- Equity Index Options

22,462

41,355

-45.7%

- Stock Options

232,545

168,392

38.1%

Clearing & Settlement

Sep 2008
YTD

Sep 2007
YTD

% Change

Average daily number of exchange trades handled by CCASS

561,700

560,730

0.17%

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

63,713

61,077

4.32%

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

532

910

-41.54%

* Provisional figures only

 

Historical Records
up to 30 September 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

8,302,290

2007/11/28

Hang Seng Index Futures

205,119

2008/08/26

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

63,991

2008/01/24

10,238

2006/11/06