HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $34.0 trillion at the end of November 2024, an increase of 9 per cent from $31.1 trillion for the same period last year.
The average daily turnover in November 2024 was $161.5 billion, an increase of 69 per cent from $95.6 billion for the same period last year.
The average daily turnover for the first eleven months of 2024 was $130.9 billion, an increase of 24 per cent when compared with $105.6 billion for the same period last year.
The average daily turnover of CBBCs for the first eleven months of 2024 was $6.7 billion, an increase of 10 per cent when compared with $6.1 billion for the same period last year.
The average daily turnover of ETFs for the first eleven months of 2024 was $15.8 billion, an increase of 35 per cent when compared with $11.7 billion for the same period last year.
The average daily turnover of L&I Products for the first eleven months of 2024 was $2.9 billion, an increase of 26 per cent when compared with $2.3 billion for the same period last year.
The average daily turnover of Debt Securities for the first eleven months of 2024 was $550 million, an increase of 22 per cent when compared with $450 million for the same period last year.
There were 61 newly listed companies for the first eleven months of 2024, an increase of 3 per cent when compared with 59* for the same period last year.
Funds raised through IPOs# for the first eleven months of 2024 was $79.0 billion, an increase of 110 per cent when compared with $37.7 billion for the same period last year.
Total funds raised for the first eleven months of 2024 was $168.4 billion, an increase of 28 per cent when compared with $131.3 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first eleven months of 2024 was 1,571,189 contracts, an increase of 16 per cent when compared with the 1,352,048 contracts for the same period last year.
The average daily volume of equity index futures for the first eleven months of 2024 was 592,681 contracts, an increase of 7 per cent when compared with the 555,814 contracts for the same period last year.
The average daily volume of equity index options for the first eleven months of 2024 was 147,697 contracts, an increase of 7 per cent when compared with the 138,384 contracts for the same period last year.
The average daily volume of Stock Options for the first eleven months of 2024 was 728,430 contracts, an increase of 19 per cent when compared with the 612,911 contracts for the same period last year.
The average daily volume of Stock Futures for the first eleven months of 2024 was 8,632 contracts, an increase of 31 per cent when compared with the 6,602 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first eleven months of 2024 was 92,280 contracts, an increase of 147 per cent when compared with the 37,404 contracts for the same period last year.

* Includes any transfers of listing from GEM to Main Board
# Includes fund raised by initial offering by way of subscription, sales and placing

Listed Securities (Main Board and GEM)

Month-end figures

	Nov 2024	Nov 2023	End 2023
No. of listed companies	2,624	2,603	2,609
Total market capitalisation ($Bil.)	34,031.6	31,120.8	31,039.1
No. of newly listed companies *	7	7	73
No. of listed securities	13,808	13,327	12,810
No. of SPAC shares	4	5	5
No. of equity warrants (excluding SPAC warrants)	1	2	2
No. of SPAC warrants	4	5	5
No. of derivatives warrants	5,201	5,323	4,801
No. of inline warrants	-	-	-
No. of CBBCs	4,225	3,586	3,578
No. of unit trusts	207	191	186
No. of debt securities	1,542	1,612	1,624

* Includes the number of transfer of listings from GEM to Main Board

Number of Newly Listed Securities (Main Board and GEM)

	Nov 2024	Nov 2023	2023
Derivatives warrants	385	487	7,967
CBBCs	2,058	1,969	22,851
Unit trusts	4	4	16
Debt securities	32	19	222

Securities Market Turnover (Main Board and GEM)

	Nov 2024	Oct 2024	% Change
Monthly turnover ($Mil.) *	3,391,291	5,355,809	-36.7%
Average daily turnover by value ($Mil.) *	161,490	255,039	-36.7%
No. of trading days	21	21	-

* Turnover value for securities traded in non-Hong Kong dollar currency have been included

Stock Connect Summary

	Nov 2024	Oct 2024	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	237,943	270,139	-11.9%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	70,718	101,523	-30.3%
No. of Northbound trading days	21	17	-
No. of Southbound trading days	21	17	-

Turnover by Type of Securities (Main Board and GEM)

	Nov 2024 ($Mil)	Oct 2024 ($Mil)	% Change
Equities	2,511,836.54 (74.1%)	4,074,349.37 (76.1%)	-38.3%
Derivative warrants	147,136.32 (4.3%)	154,025.56 (2.9%)	-4.5%
CBBCs	172,387.33 (5.1%)	261,163.08 (4.9%)	-34.0%
Unit Trusts (include ETFs)	551,222.76 (16.3%)	857,107.10 (16.0%)	-35.7%

Nov 2024

($Mil)

Oct 2024

($Mil)

% Change

Equities

2,511,836.54

(74.1%)

4,074,349.37

(76.1%)

-38.3%

Derivative warrants

147,136.32

(4.3%)

154,025.56

(2.9%)

-4.5%

CBBCs

172,387.33

(5.1%)

261,163.08

(4.9%)

-34.0%

Unit Trusts

(include ETFs)

551,222.76

(16.3%)

857,107.10

(16.0%)

-35.7%

( ) % of market total
Turnover value for securities traded in non-Hong Kong dollar currency have been included

Average Daily Turnover by Type of Securities (Main Board and GEM)

	Nov 2024 ($Mil)	Oct 2024 ($Mil)	% Change
Equities	119,611.26	194,016.64	-38.3%
Derivative warrants	7,006.49	7,334.55	-4.5%
CBBCs	8,208.92	12,436.34	-34.0%
Unit trusts (include ETFs)	26,248.70	40,814.62	-35.7%
Others	414.66	436.39	-5.0%
Total	161,490.04	255,038.54	-36.7%

Turnover value for securities traded in non-Hong Kong dollar currency have been included

ATS Transactions

The total turnover of automated trading services’ (ATS) transactions for Nov 2024 was $28,887 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Nov 2024	Nov 2023	End 2023
No. of H shares	358	330	339
No. of Non-H share Mainland enterprises	1,114	1,109	1,108
Market capitalisation (% of market total)	79.3%	77.8%	76.5%
Turnover value (% of equity turnover)	90.5%	87.7%	87.1%

Index Performance

Month-end figures

	Nov 2024	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	28936.37	-5.0%	16.4%
S&P/HKEX GEM Index	18.05	-1.6%	-13.2%
Hang Seng Index	19423.61	-4.4%	14.0%
Hang Seng China Enterprises Index	6946.68	-4.4%	18.6%
Hang Seng China-Affiliated Corporations Index*	3541.29	-5.9%	5.3%
CES China 120 Index ^	5843.02	-1.6%	15.7%
CES China HK Mainland Index +	5372.78	-4.3%	15.5%

* - tracks Red chips
^ - tracks 80 Mainland-listed companies and 40 Hong Kong-listed Mainland enterprises
+ - tracks 40 Hong Kong-listed Mainland enterprises

Derivatives Market Turnover

	Average Daily Volume (Contracts)*
	Nov 2024	Oct 2024	% Change
Total Futures	654,353	946,811	-30.9%
Hang Seng Index Futures	126,814	183,711	-31.0%
Mini Hang Seng Index Futures	85,112	170,537	-50.1%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	163,312	224,934	-27.4%
Mini-Hang Seng China Enterprises Index Futures	9,728	21,790	-55.4%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	10	43	-76.7%
HSCEI Dividend Point Index Futures	383	1,030	-62.8%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	117,160	195,043	-39.9%
MSCI AC Asia ex Japan NTR Index Futures	321	562	-42.9%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	13,907	19,723	-29.5%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	173	2,174	-92.0%
MSCI EM Asia ex China Net Total Return (USD) Index Futures	0	0	-
MSCI EM Asia ex Korea Net Total Return (USD) Index Futures	0	0	-
MSCI EM Asia Net Total Return (USD) Index Futures	23	22	4.5%
MSCI EM EMEA Net Total Return (USD) Index Futures	0	0	-
MSCI EM ex China Net Total Return (USD) Index Futures	0	0	-
MSCI EM ex Korea Net Total Return (USD) Index Futures	0	0	-
MSCI EM LatAm Net Total Return (USD) Index Futures	0	0	-
MSCI Emerging Markets (USD) Index Futures	0	0	-
MSCI Emerging Markets Net Total Return (USD) Index Futures	0	2	-100.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	28	129	-78.3%
MSCI India (USD) Index Futures	4,408	4,572	-3.6%
MSCI India Net Total Return (USD) Index Futures	83	24	245.8%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	144	2	7100.0%
MSCI Japan Net Total Return (USD) Index Futures	0	0	-
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	1	18	-94.4%
MSCI New Zealand Net Total Return (USD) Index Futures	0	0	-
MSCI Pacific ex Japan Net Total Return (USD) Index Futures	0	0	-
MSCI Pacific Net Total Return (USD) Index Futures	0	0	-
MSCI Philippines (USD) Index Futures	0	0	-
MSCI Philippines Net Total Return (USD) Index Futures	6	0	-
MSCI Singapore Free (SGD) Index Futures	1	0	-
MSCI Singapore Free Net Total Return (USD) Index Futures	0	0	-
MSCI Singapore Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan (USD) Index Futures	4,721	4,980	-5.2%
MSCI Taiwan 25/50 (USD) Index Futures	12	38	-68.4%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	23	12	91.7%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	357	0	-
MSCI Vietnam (USD) Index Futures	0	0	-
MSCI Vietnam Net Total Return (USD) Index Futures	0	0	-
CES China 120 Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Stock Futures	6,270	16,312	-61.6%
3-Month HIBOR Futures	2	1	100.0%
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	117,673	98,024	20.0%
RMB Currency Futures - Mini USD/CNH Futures	2,169	2,018	7.5%
RMB Currency Futures - EUR/CNH Futures	0	0	-
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	0	0	-
INR Currency Futures - INR/USD Futures	1,512	1,110	36.2%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	0	0	-
CNH Gold Futures	0	0	-
USD Silver Futures	0	0	-
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	0	0	-
Iron Ore Futures – Quarterly Contracts	0	0	-
CNH London Aluminium Mini Futures	0	0	-
CNH London Zinc Mini Futures	0	0	-
CNH London Copper Mini Futures	0	0	-
CNH London Lead Mini Futures	0	0	-
CNH London Nickel Mini Futures	0	0	-
CNH London Tin Mini Futures	0	0	-
USD London Aluminium Mini Futures	0	0	-
USD London Zinc Mini Futures	0	0	-
USD London Copper Mini Futures	0	0	-
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	0	0	-
USD London Tin Mini Futures	0	0	-
Total Options	808,689	1,219,450	-33.7%
Hang Seng Index Options	13,614	19,830	-31.3%
Mini Hang Seng Index Options	12,660	20,099	-37.0%
Weekly Hang Seng Index Options	13,473	22,276	-39.5%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	3,919	5,125	-23.5%
Hang Seng China Enterprises Index Options	27,259	34,173	-20.2%
Mini-Hang Seng China Enterprises Index Options	3,409	4,929	-30.8%
Weekly Hang Seng China Enterprises Index Options	1,842	2,849	-35.3%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	45,226	68,025	-33.5%
Hang Seng TECH Index Options	1,437	4,027	-64.3%
Weekly Hang Seng TECH Index Options	434	1,687	-74.3%
Hang Seng TECH Index Futures Options	2,721	2,770	-1.8%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	682,675	1,033,654	-34.0%
RMB Currency Options - USD/CNH Options	20	6	233.3%
Total Futures and Options	1,463,042	2,166,261	-32.5%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for Nov 2024 and Oct 2024 are 21 days (without holiday trading day) and 23 days (with 2 holiday trading days) respectively
- For list of holiday trading products, please see link here.

[Clearing and Settlement]

CCASS Statistics (securities market)	Nov 2024	Oct 2024	% Change
Average daily number of exchange trades settled by CCASS	2,594,723	3,733,059	-30.49%
Average daily number of settlement instructions (“SIs”) settled by CCASS	100,772	130,027	-22.50%
Average daily number of investor SIs (“ISIs”) settled by CCASS	120	256	-53.05%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.89	99.88	N/A
Average daily value of SIs settled by CCASS ($ Mil)	277,776.68	435,816.05	-36.26%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.96 63.79	74.99 63.86	N/A N/A
DCASS Statistics (derivatives market)	Nov 2024	Oct 2024	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	821,802	915,136	-10.2%
– Stock Futures	29,456	45,348	-35.0%
– Interest Rates Futures	90	65	38.5%
– RMB Currency Futures	32,111	28,928	11.0%
– INR Currency Futures	301	467	-35.5%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	2,095,770	2,113,677	-0.8%
– Stock Options	14,596,112	14,741,473	-1.0%
– RMB Currency Options	523	420	24.5%

Year-to-date Statistics

Securities Market	Nov 2024 YTD	Nov 2023 YTD	% Change
No. of newly listed companies #	61	59	3.4%
Average daily turnover by value ($Mil.) ^	130,928	105,560	24.0%
Average share traded per trading day (Mil. Shares)	220,355	198,027	11.3%
Average no. of trades per trading day	2,248,831	1,898,883	18.4%
Fund raised by IPOs ($Mil.)*	79,013	37,671	109.7%
Total funds raised (including IPOs) ($Mil.)**	168,449	131,290	28.3%
Derivatives Market	Nov 2024 YTD	Nov 2023 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	592,681	555,814	6.6%
– Stock Futures	8,632	6,602	30.7%
– Interest Rates Futures	1	2	-50.0%
– RMB Currency Futures	92,280	37,404	146.7%
– INR Currency Futures	1,462	916	59.6%
– Gold Futures	0	1	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	147,697	138,384	6.7%
– Stock Options	728,430	612,911	18.8%
– RMB Currency Options	6	14	-57.1%
Clearing & Settlement	Nov 2024 YTD	Nov 2023 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,258,875	1,899,909	18.89%
Average daily number of settlement instructions (SIs) settled by CCASS	100,087	99,883	0.20%
Average daily number of investor SIs (ISIs) settled by CCASS	150	141	5.74%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Includes fund raised by initial offering by way of subscription, sales and placing
** Provisional figures only

Historical Records

up to 30 Nov 2024

Top 10 Hang Seng Index Closes

Rank	Date	Close
1	2018/01/26	33154.12
2	2018/01/29	32966.89
3	2018/01/24	32958.69
4	2018/01/23	32930.70
5	2018/01/31	32887.27
6	2018/01/25	32654.45
7	2018/02/01	32642.09
8	2018/01/30	32607.29
9	2018/02/02	32601.78
10	2018/01/22	32393.41

Top 10 Daily Market Turnover

(Main Board and GEM)

Rank	Date	Turnover ($)
1	2024/10/08	620,652,311,319
2	2024/09/30	505,919,660,550
3	2024/09/27	445,803,810,579
4	2024/10/02	434,202,623,180
5	2024/10/09	427,128,350,282
6	2021/07/27	361,238,455,648
7	2021/02/24	354,330,826,815
8	2024/10/10	325,453,707,810
9	2021/02/26	321,313,602,377
10	2024/10/03	310,525,253,810

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2021/02/17	58,672,185,510,043
2	2021/02/16	57,829,770,591,111
3	2021/02/19	57,502,986,918,920
4	2021/02/18	57,470,114,718,778
5	2021/02/11	56,844,960,338,845
6	2021/02/10	56,495,679,850,172
7	2021/02/22	56,276,247,080,503
8	2021/02/23	56,194,869,034,753
9	2021/02/09	55,171,603,385,082
10	2021/02/25	55,137,617,193,968

Record High for Top-10 Derivatives Market Products (Based on Contract Volume)

Product	Record High Daily Volume		Record High Open Interest
	Contracts	Date	Contracts	Date
Stock Options	2,433,968	2024/09/27	17,955,536	2024/10/29
Hang Seng China Enterprises Index Futures	651,086	2023/04/25	758,877	2022/12/28
Hang Seng TECH Index Futures	437,435	2023/12/22	328,335	2023/12/22
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Hang Seng China Enterprises Index Options	389,483	2021/01/11	3,749,790	2018/11/28
Mini Hang Seng Index Futures	340,150	2024/10/09	35,820	2024/01/23
RMB Currency Futures - USD/CNH Futures	224,938	2024/06/20	46,711	2017/01/04
Hang Seng Index Options	140,628	2021/01/11	594,941	2017/11/28
Hang Seng China Enterprises Index Futures Options	137,469	2024/10/09	1,207,462	2023/06/15
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11

Updated 30 Nov 2024