HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $34.0 trillion at the end of May 2020, an increase of 10 per cent from $31.0 trillion for the same period last year.
The average daily turnover in May 2020 was $114.7 billion, an increase of 18 per cent from $97.4 billion for the same period last year.
The average daily turnover for the first five months of 2020 was $115.9 billion, an increase of 15 per cent when compared with $100.9 billion for the same period last year.
The average daily turnover of ETFs for the first five months of 2020 was $5.5 billion, an increase of 12 per cent when compared with $4.9 billion for the same period last year.
Total funds raised for the first five months of 2020 was $134.5 billion, an increase of 27 per cent when compared with $105.7 billion for the same period last year.

- Derivatives Market

The average daily turnover of futures and options for the first five months of 2020 was 1,183,172 contracts, a decrease of 2 per cent when compared with the 1,203,009 contracts for the same period last year.
The average daily turnover of equity index futures for the first five months of 2020 was 505,800 contacts, an increase of 2 per cent when compared with the 497,847 contacts for the same period last year.
The average daily turnover of equity index options for the first five months of 2020 was 167,084 contacts, an increase of 5 per cent when compared with the 159,090 contacts for the same period last year.

Listed Securities (Main Board and GEM)

Month-end figures

	May 2020	May 2019	End of 2019
No. of listed companies	2,482	2,365	2,449
Total market capitalisation ($Bil.)	33,984.7	31,039.5	38,165.0
No. of newly listed companies *	8	14	183
No. of listed securities	15,361	13,930	12,795
No. of equity warrants	3	3	3
No. of derivatives warrants	5,984	6,285	4,571
No. of inline warrants	849	-	922
No. of CBBCs	4,464	3,845	3,298
No. of unit trusts	145	148	148
No. of debt securities	1,417	1,266	1,388

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

Securities Market Turnover (Main Board and GEM)

	May 2020	Apr 2020	% Change
Monthly turnover ($Mil.) *	2,294,253	1,909,446	20.2%
Average daily turnover by value ($Mil.) *	114,713	100,497	14.1%
No. of trading days	20	19	-

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

Turnover by Type of Securities (Main Board and GEM)

	May 2020 ($Mil)	Apr 2020 ($Mil)	% Change
Equities	1,817,458.10 (79.2%)	1,457,151.52 (76.3%)	24.7%
Derivative warrants	144,369.62 (6.3%)	132,931.68 (7.0%)	8.6%
CBBCs	186,295.73 (8.1%)	179,251.19 (9.4%)	3.9%
Inline warrants	93.49 (0.0%)	95.56 (0.0%)	-2.2%
Unit trusts (include ETFs)	140,640.15 (6.1%)	134,931.03 (7.1%)	4.2%

May 2020

($Mil)

Apr 2020

($Mil)

% Change

Equities

1,817,458.10

(79.2%)

1,457,151.52

(76.3%)

24.7%

Derivative warrants

144,369.62

(6.3%)

132,931.68

(7.0%)

8.6%

CBBCs

186,295.73

(8.1%)

179,251.19

(9.4%)

3.9%

Inline warrants

93.49

(0.0%)

95.56

(0.0%)

-2.2%

Unit trusts

(include ETFs)

140,640.15

(6.1%)

134,931.03

(7.1%)

4.2%

( ) % 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 May 2020 was $28,185 million (1.2% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	May 2020	May 2019	End of 2019
No. of H shares	281	272	284
No. of Red chips Stocks	177	174	173
No. of Mainland private enterprises	803	737	784
Market capitalisation (% of market total)	76.9%	67.6%	73.2%
Turnover value (% of equity turnover)	81.9%	79.2%	79.0%

Index Performance

Month-end figures

	May 2020	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	33356.45	-3.1%	-4.0%
S&P/HKEX GEM Index	77.88	0.1%	-28.2%
Hang Seng Index	22961.47	-6.8%	-14.6%
Hang Seng China Enterprises Index	9561.03	-4.8%	-8.0%
Hang Seng China-Affiliated Corporations Index*	3656.71	-5.4%	-14.7%
CES China 120 Index ^	6675.63	-0.4%	4.7%
CESChina HK Mainland Index +	7241.78	-0.3%	0.1%

* - 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)
	May 2020	Apr 2020	% Change
Total Futures	438,207	429,267	2.1%
Hang Seng Index Futures	160,967	154,078	4.5%
Mini Hang Seng Index Futures	110,753	117,259	-5.5%
HSI (Gross Total Return Index) Futures	2	0	-
HSI (Net Total Return Index) Futures	1	0	-
Hang Seng China Enterprises Index Futures	136,951	129,763	5.5%
Mini-Hang Seng China Enterprises Index Futures	16,649	18,078	-7.9%
HSCEI (Gross Total Return Index) Futures	2	1	100.0%
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	33	29	13.8%
HSCEI Dividend Point Index Futures	1,376	1,891	-27.2%
HSI Volatility Index Futures	0	0	-
MSCI AC Asia ex Japan NTR Index Futures	419	215	94.9%
CES China 120 Index Futures	0	0	-
Hang Seng Mainland Oil & Gas Index Futures	116	90	28.9%
Hang Seng Mainland Banks Index Futures	1	4	-75.0%
Hang Seng Mainland Properties Index Futures	1	2	-50.0%
IBOVESPA Futures	0	0	-
MICEX Index Futures	0	0	-
FTSE/JSE Top40 Futures	0	0	-
Stock Futures	3,251	2,848	14.2%
3-Month HIBOR Futures	1	4	-75.0%
1-Month HIBOR Futures	0	1	-100.0%
RMB Currency Futures - USD/CNH Futures	6,276	4,059	54.6%
RMB Currency Futures - EUR/CNH Futures	2	0	-
RMB Currency Futures - JPY/CNH Futures	0	2	-100.0%
RMB Currency Futures - AUD/CNH Futures	8	6	33.3%
RMB Currency Futures - CNH/USD Futures	46	5	820.0%
INR Currency Futures - INR/USD Futures	382	450	-15.1%
INR Currency Futures - INR/CNH Futures	0	0	-
USD Gold Futures	19	10	90.0%
CNH Gold Futures	1	0	-
Iron Ore Futures – Monthly Contracts	339	367	-7.6%
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	103	51	102.0%
USD London Zinc Mini Futures	319	28	1039.3%
USD London Copper Mini Futures	165	26	534.6%
USD London Lead Mini Futures	0	0	-
USD London Nickel Mini Futures	24	0	-
USD London Tin Mini Futures	0	0	-
Total Options	600,630	530,462	13.2%
Hang Seng Index Options	38,637	32,489	18.9%
Mini Hang Seng Index Options	11,448	10,150	12.8%
Weekly Hang Seng Index Options	3,922	2,510	56.3%
Flexible Hang Seng Index Options	0	0	-
Hang Seng China Enterprises Index Options	70,584	95,172	-25.8%
Mini-Hang Seng China Enterprises Index Options	1,421	1,544	-8.0%
Weekly Hang Seng China Enterprises Index Options	1,172	1,067	9.8%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Stock Options	473,410	387,508	22.2%
RMB Currency Options - USD/CNH Options	35	22	59.1%
Total Futures and Options	1,038,837	959,729	8.2%

Clearing and Settlement

CCASS Statistics (securities market)	May 2020	Apr 2020	% Change
Average daily number of exchange trades settled by CCASS	1,787,205	1,716,519	4.12%
Average daily number of settlement instructions (SIs) settled by CCASS	104,127	104,425	-0.29%
Average daily number of investor SIs (ISIs) settled by CCASS	261	257	1.56%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.93	99.92	N/A
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	75.68 58.12	75.81 57.13	N/A N/A
DCASS Statistics (derivatives market)	May 2020	Apr 2020	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	679,823	603,874	12.6%
– Stock Futures	15,713	13,870	13.3%
– Interest Rates Futures	170	184	-7.6%
– RMB Currency Futures	24,389	23,999	1.6%
– INR Currency Futures	77	148	-48.0%
– Gold Futures	260	368	-29.3%
– Iron Ore Futures	3,385	3,339	1.4%
– London Metal Mini Futures	257	135	90.4%
– Equity Index Options	2,959,738	2,936,656	0.8%
– Stock Options	8,678,561	8,207,211	5.7%
– RMB Currency Options	3,245	2,889	12.3%

Year-to-date Statistics

Securities Market	May 2020 YTD	May 2019 YTD	% Change
No. of newly listed companies #	55	64	-14.1%
Average daily turnover by value ($Mil.) ^	115,864	100,877	14.9%
Average share traded per trading day (Mil. Shares)	199,380	309,680	-35.6%
Average no. of trades per trading day	1,821,996	1,643,267	10.9%
Fund raised by IPOs ($Mil.)	25,182	44,437	-43.3%
Total funds raised (including IPOs) ($Mil.)*	134,467	105,659	27.3%
Derivatives Market	May 2020 YTD	May 2019 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	505,800	497,847	1.6%
– Stock Futures	4,263	5,006	-14.8%
– Interest Rates Futures	3	0	-
– RMB Currency Futures	7,177	8,664	-17.2%
– INR Currency Futures	734	-	-
– Gold Futures	648	1,879	-65.5%
– Iron Ore Futures	428	63	579.4%
– London Metal Mini Futures	514	1	51300.0%
– Equity Index Options	167,084	159,090	5.0%
– Stock Options	496,476	530,384	-6.4%
– RMB Currency Options	47	74	-36.5%
Clearing & Settlement	May 2020 YTD	May 2019 YTD	% Change
Average daily number of exchange trades handled by CCASS	1,820,365	1,642,568	10.82%
Average daily number of settlement instructions (SIs) settled by CCASS	109,272	102,204	6.92%
Average daily number of investor SIs (ISIs) settled by CCASS	270	256	5.47%

# 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 May 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	2015/04/14	239,903,336,931
7	2015/07/08	237,429,139,110
8	2015/04/10	222,888,834,174
9	2018/02/09	219,595,292,569
10	2018/02/07	218,890,883,115

Top 10 Market Capitalisation

(Main Board and GEM)

Rank	Date	Market Capitalisation ($)
1	2020/01/17	39,777,043,764,701
2	2020/01/16	39,551,319,127,028
3	2020/01/20	39,488,778,510,620
4	2020/01/14	39,469,416,334,434
5	2020/01/13	39,463,243,881,100
6	2020/01/15	39,394,950,543,287
7	2020/01/10	39,021,167,900,526
8	2020/01/22	38,987,601,396,951
9	2020/01/09	38,879,245,130,409
10	2020/01/02	38,669,079,848,318

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	1,221,324	2015/04/13	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
Hang Seng China Enterprises Index Options	232,994	2018/02/09	3,749,790	2018/11/28
Mini Hang Seng Index Futures	298,812	2020/03/19	22,321	2018/10/26
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
Stock Futures	27,966	2007/03/28	47,050	2013/03/27

Updated 31 May 2020