HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $43.3 trillion at the end of October 2020, an increase of 36 per cent from $31.8 trillion for the same period last year.
The average daily turnover in October 2020 was $117.5 billion, an increase of 55 per cent from $75.9 billion for the same period last year.
The average daily turnover for the first ten months of 2020 was $125.0 billion, an increase of 40 per cent when compared with $89.0 billion for the same period last year.
The average daily turnover of CBBCs for the first ten months of 2020 was $9.8 billion, an increase of 17 per cent when compared with $8.4 billion for the same period last year.
The average daily turnover of ETFs for the first ten months of 2020 was $4.9 billion, an increase of 9 per cent when compared with $4.5 billion for the same period last year.
Funds raised through IPOs for the first ten months of 2020 was $249.1 billion, an increase of 66 per cent when compared with $150.4 billion for the same period last year.
Total funds raised for the first ten months of 2020 was $534.7 billion, an increase of 105 per cent when compared with $260.6 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first ten months of 2020 was 1,150,174 contracts, an increase of 5 per cent when compared with the 1,097,518 contracts for the same period last year.
The average daily turnover of Stock Options for the first ten months of 2020 was 518,556 contracts, an increase of 14 per cent when compared with the 456,508 contracts for the same period last year.
The average daily turnover of Stock Futures for the first ten months of 2020 was 4,455 contracts, an increase of 15 per cent when compared with the 3,861 contracts for the same period last year.

Listed Securities (Main Board and GEM)

Month-end figures

	Oct 2020	Oct 2019	End 2019
No. of listed companies	2,524	2,413	2,449
Total market capitalisation ($Bil.)	43,302.8	31,791.2	38,165.0
No. of newly listed companies *	16	22	183
No. of listed securities	16,770	13,099	12,795
No. of equity warrants	2	3	3
No. of derivatives warrants	6,995	4,922	4,571
No. of inline warrants	661	601	922
No. of CBBCs	4,854	3,624	3,298
No. of unit trusts	161	153	148
No. of debt securities	1,556	1,365	1,388

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

Securities Market Turnover (Main Board and GEM)

	Oct 2020	Sep 2020	% Change
Monthly turnover ($Mil.) *	2,115,526	2,698,528	-21.6%
Average daily turnover by value ($Mil.) *	117,529	122,660	-4.2%
No. of trading days	18	22	-

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

Turnover by Type of Securities (Main Board and GEM)

	Oct 2020 ($Mil)	Sep 2020 ($Mil)	% Change
Equities	1,659,042.75 (78.4%)	2,095,610.93 (77.7%)	-20.8%
Derivative warrants	196,943.90 (9.3%)	242,848.12 (9.0%)	-18.9%
CBBCs	168,347.85 (8.0%)	222,972.91 (8.3%)	-24.5%
Inline warrants	56.86 (0.0%)	74.65 (0.0%)	-23.8%
Unit trusts (include ETFs)	87,743.49 (4.1%)	131,739.17 (4.9%)	-33.4%

Oct 2020

($Mil)

Sep 2020

($Mil)

% Change

Equities

1,659,042.75

(78.4%)

2,095,610.93

(77.7%)

-20.8%

Derivative warrants

196,943.90

(9.3%)

242,848.12

(9.0%)

-18.9%

CBBCs

168,347.85

(8.0%)

222,972.91

(8.3%)

-24.5%

Inline warrants

56.86

(0.0%)

74.65

(0.0%)

-23.8%

Unit trusts

(include ETFs)

87,743.49

(4.1%)

131,739.17

(4.9%)

-33.4%

( ) % of market total
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 October 2020 was $28,108 million (1.3% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Oct 2020	Oct 2019	End 2019
No. of H shares	288	278	284
No. of Red chips Stocks	176	175	173
No. of Mainland private enterprises	839	760	784
Market capitalisation (% of market total)	81.2%	68.5%	73.2%
Turnover value (% of equity turnover)	86.1%	75.6%	79.0%

Index Performance

Month-end figures

	Oct 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	39945.68	6.1%	14.6%
S&P/HKEX GEM Index	110.72	6.2%	33.5%
Hang Seng Index	24107.42	2.8%	-10.4%
Hang Seng China Enterprises Index	9760.24	3.9%	-7.3%
Hang Seng China-Affiliated Corporations Index*	3536.98	-1.5%	-17.1%
CES China 120 Index ^	7788.49	4.2%	14.5%
CESChina HK Mainland Index +	8398.54	5.9%	12.1%

* - 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)
	Oct 2020	Sep 2020	% Change
Total Futures	388,295	427,162	-9.1%
Hang Seng Index Futures	135,142	151,504	-10.8%
Mini Hang Seng Index Futures	86,578	105,060	-17.6%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	130,736	134,263	-2.6%
Mini-Hang Seng China Enterprises Index Futures	13,517	15,382	-12.1%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	21	50	-58.0%
HSCEI Dividend Point Index Futures	481	561	-14.3%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	22	460	-95.2%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China Free (USD) Index Futures	1	0	-
MSCI China Free Net Total Return (USD) Index Futures	137	396	-65.4%
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	1,489	2	74350.0%
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	0	-
MSCI Hong Kong Net Total Return (USD) Index Futures	0	0	-
MSCI India (USD) Index Futures	0	0	-
MSCI India Net Total Return (USD) Index Futures	3	28	-89.3%
MSCI Indonesia (USD) Index Futures	1	5	-80.0%
MSCI Indonesia Net Total Return (USD) Index Futures	1	29	-96.6%
MSCI Japan (JPY) Index Futures *	0	0	-
MSCI Japan Net Total Return (JPY) Index Futures *	0	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	6	27	-77.8%
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	0	0	-
MSCI Singapore Free (SGD) Index Futures *	48	21	128.6%
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	6,954	3,409	104.0%
MSCI Taiwan 25/50 (USD) Index Futures *	96	7	1271.4%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures *	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	60	1,010	-94.1%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	14	138	-89.9%
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 Oil & Gas Index Futures	0	0	-
Hang Seng Mainland Banks Index Futures	0	0	-
Hang Seng Mainland Properties Index Futures	0	0	-
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	3,826	4,462	-14.3%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	6,760	7,688	-12.1%
RMB Currency Futures - EUR/CNH Futures	0	1	-100.0%
RMB Currency Futures - JPY/CNH Futures	0	0	-
RMB Currency Futures - AUD/CNH Futures	0	0	-
RMB Currency Futures - CNH/USD Futures	5	4	25.0%
INR Currency Futures - INR/USD Futures	524	1,073	-51.2%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	31	37	-16.2%
CNH Gold Futures	0	0	-
USD Silver Futures	5	6	-16.7%
CNH Silver Futures	0	0	-
Iron Ore Futures – Monthly Contracts	484	397	21.9%
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	219	125	75.2%
USD London Zinc Mini Futures	195	458	-57.4%
USD London Copper Mini Futures	902	547	64.9%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	38	35	8.6%
USD London Tin Mini Futures	0	0	-
Total Options	594,158	592,187	0.3%
Hang Seng Index Options	29,885	35,040	-14.7%
Mini Hang Seng Index Options	11,363	13,398	-15.2%
Weekly Hang Seng Index Options	4,452	6,025	-26.1%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	67,585	68,523	-1.4%
Mini-Hang Seng China Enterprises Index Options	2,644	2,946	-10.3%
Weekly Hang Seng China Enterprises Index Options	1,746	1,843	-5.3%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	476,457	464,386	2.6%
RMB Currency Options - USD/CNH Options	26	26	0.0%
Total Futures and Options	982,453	1,019,349	-3.6%

* Trading commenced on 28 September 2020

Clearing and Settlement

CCASS Statistics (securities market)	Oct 2020	Sep 2020	% Change
Average daily number of exchange trades settled by CCASS	1,847,047	1,873,089	-1.39%
Average daily number of settlement instructions (“SIs”) settled by CCASS	111,366	112,929	-1.38%
Average daily number of investor SIs (“ISIs”) settled by CCASS	213	262	-18.70%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.94	99.93	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	76.69 58.63	76.11 58.26	N/A N/A
DCASS Statistics (derivatives market)	Oct 2020	Sep 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	731,364	673,030	8.7%
– Stock Futures	17,861	16,485	8.3%
– Interest Rates Futures	61	67	-9.0%
– RMB Currency Futures	26,603	25,968	2.4%
– INR Currency Futures	606	540	12.2%
– Gold Futures	30	66	-54.5%
– Silver Futures	100	104	-3.8%
– Iron Ore Futures	1,776	1,690	5.1%
– London Metal Mini Futures	470	2,011	-76.6%
– Equity Index Options	2,611,627	2,588,566	0.9%
– Stock Options	9,418,677	8,718,073	8.0%
– RMB Currency Options	3,083	3,046	1.2%

Year-to-date Statistics

Securities Market	Oct 2020 YTD	Oct 2019 YTD	% Change
No. of newly listed companies #	120	130	-7.7%
Average daily turnover by value ($Mil.) ^	124,997	89,037	40.4%
Average share traded per trading day (Mil. Shares)	223,094	258,819	-13.8%
Average no. of trades per trading day	1,927,519	1,489,164	29.4%
Fund raised by IPOs ($Mil.)	249,093	150,446	65.6%
Total funds raised (including IPOs) ($Mil.)*	534,740	260,609	105.2%
Derivatives Market	Oct 2020 YTD	Oct 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	467,196	468,106	-0.2%
– Stock Futures	4,455	3,861	15.4%
– Interest Rates Futures	1	1	0.0%
– RMB Currency Futures	7,008	8,470	-17.3%
– INR Currency Futures	741	-	-
– Gold Futures	331	2,330	-85.8%
– Silver Futures	10	-	-
– Iron Ore Futures	446	257	73.5%
– London Metal Mini Futures	737	107	588.8%
– Equity Index Options	150,657	157,810	-4.5%
– Stock Options	518,556	456,508	13.6%
– RMB Currency Options	40	67	-40.3%
Clearing & Settlement	Oct 2020 YTD	Oct 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,925,927	1,488,421	29.39%
Average daily number of settlement instructions (SIs) settled by CCASS	111,973	94,913	17.97%
Average daily number of investor SIs (ISIs) settled by CCASS	275	235	17.02%

# Includes the number of transfer of listings from GEM to Main Board
^ Turnover value for traded in non-HKD currency securities have been included
* Provisional figures only

Historical Records

up to 31 October 2020

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	2015/04/09	293,910,756,648
2	2018/03/23	284,101,947,853
3	2015/04/13	266,098,632,854
4	2018/02/06	258,799,618,543
5	2015/04/08	252,396,050,844
6	2020/07/06	251,286,866,930
7	2020/07/07	240,379,359,587
8	2015/04/14	239,903,336,931
9	2015/07/08	237,429,139,110
10	2015/04/10	222,888,834,174

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2020/10/28	44,142,749,561,318
2	2020/10/29	44,126,914,702,642
3	2020/10/14	44,101,301,912,960
4	2020/10/21	44,061,832,010,000
5	2020/10/22	44,026,775,963,203
6	2020/10/12	43,950,721,866,665
7	2020/10/23	43,918,766,889,886
8	2020/10/27	43,896,534,419,700
9	2020/10/20	43,785,264,454,308
10	2020/10/19	43,570,585,548,248

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	1,545,227	2020/07/06	13,725,731	2018/03/27
Hang Seng China Enterprises Index Futures	477,061	2019/02/25	635,051	2018/12/27
Hang Seng Index Futures	422,450	2018/10/26	206,082	2017/06/27
Mini Hang Seng Index Futures	298,812	2020/03/19	22,321	2018/10/26
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,749,790	2018/11/28
Hang Seng Index Options	133,419	2019/08/26	594,941	2017/11/28
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11
MSCI AC Asia ex Japan NTR Index Futures	56,378	2019/12/16	46,698	2019/09/17
Mini Hang Seng Index Options	36,928	2019/08/26	66,588	2019/08/28
MSCI Taiwan (USD) Index Futures	34,096	2020/10/27	65,267	2020/10/29

Updated 31 Oct 2020