HKEX Monthly Market Highlights

HIGHLIGHTS

- Securities Market

Market capitalisation was $32.9 trillion at the end of May 2024, an increase of 2 per cent from $32.1 trillion at the end of April 2024, and an increase of 0.3 per cent from $32.8 trillion for the same period last year.
The average daily turnover in May 2024 was $139.8 billion, an increase of 24 per cent when compared with $112.3 billion in April 2024, and an increase of 38 per cent from $101.0 billion for the same period last year.
The average daily turnover for the first five months of 2024 was $110.2 billion.
The average daily turnover of ETFs for the first five months of 2024 was $11.9 billion, an increase of 4 per cent when compared with $11.4 billion for the same period last year.
The average daily turnover of L&I Products for the first five months of 2024 was $2.5 billion, an increase of 14 per cent when compared with $2.2 billion for the same period last year.
The average daily turnover of Debt Securities for the first five months of 2024 was $530 million, an increase of 8 per cent when compared with $490 million for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first five months of 2024 was 1,562,317 contracts, an increase of 13 per cent when compared with the 1,388,550 contracts for the same period last year.
The average daily volume of equity index futures for the first five months of 2024 was 607,034 contracts, an increase of 7 per cent when compared with the 565,958 contracts for the same period last year.
The average daily volume of equity index options for the first five months of 2024 was 155,381 contracts, an increase of 4 per cent when compared with the 148,797 contracts for the same period last year.
The average daily volume of Stock Options for the first five months of 2024 was 709,926 contracts, an increase of 9 per cent when compared with the 651,154 contracts for the same period last year.
The average daily volume of Stock Futures for the first five months of 2024 was 8,612 contracts, an increase of 23 per cent when compared with the 6,994 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first five months of 2024 was 79,808 contracts, an increase of 439 per cent when compared with the 14,819 contracts for the same period last year.
On 8 May 2024, the volume of RMB Currency Futures - USD/CNH Futures reached a record high of 185,970 contracts.
On 3 May 2024, the volume of Hang Seng TECH Index Options reached a record high of 31,577 contracts.

LISTED SECURITIES (MAIN BOARD AND GEM)

Month-end figures

	May 2024	May 2023	End 2023
No. of listed companies	2,610	2,600	2,609
Total market capitalisation ($Bil.)	32,894.0	32,789.9	31,039.1
No. of newly listed companies *	6	6	73
No. of listed securities	13,635	14,827	12,810
No. of SPAC shares	5	5	5
No. of equity warrants (excluding SPAC warrants)	1	2	2
No. of SPAC warrants	5	5	5
No. of derivatives warrants	5,312	6,312	4,801
No. of inline warrants	-	6	-
No. of CBBCs	3,909	4,047	3,578
No. of unit trusts	200	185	186
No. of debt securities	1,593	1,664	1,624

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

NUMBER OF NEWLY LISTED SECURITIES (MAIN BOARD AND GEM)

	May 2024	May 2023	2023
Derivatives warrants	768	693	7,967
CBBCs	2,406	1,634	22,851
Unit trusts	2	0	16
Debt securities	18	9	222

SECURITIES MARKET TURNOVER (MAIN BOARD AND GEM)

	May 2024	Apr 2024	% Change
Monthly turnover ($Mil.) *	2,936,129	2,245,692	30.7%
Average daily turnover by value ($Mil.) *	139,816	112,285	24.5%
No. of trading days	21	20	-

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

STOCK CONNECT SUMMARY

	May 2024	Apr 2024	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	124,763	138,223	-9.7%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	55,695	38,131	46.1%
No. of Northbound trading days	19	19	-
No. of Southbound trading days	19	19	-

TURNOVER BY TYPE OF SECURITIES (MAIN BOARD AND GEM)

	May 2024 ($Mil)	Apr 2024 ($Mil)	% Change
Equities	2,333,527.62 (79.5%)	1,751,290.80 (78.0%)	33.2%
Derivative warrants	94,847.68 (3.2%)	84,293.69 (3.8%)	12.5%
CBBCs	118,282.16 (4.0%)	96,060.49 (4.3%)	23.1%
Unit trusts (include ETFs)	381,483.15 (13.0%)	303,516.46 (13.5%)	25.7%

( ) % 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)

	May 2024 ($Mil)	Apr 2024 ($Mil)	% Change
Equities	111,120.36	87,564.54	26.9%
Derivative warrants	4,516.56	4,214.68	7.2%
CBBCs	5,632.48	4,803.02	17.3%
Unit trusts (include ETFs)	18,165.86	15,175.82	19.7%
Others	380.39	526.53	-27.8%
Total	139,815.66	112,284.60	24.5%

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 2024 was $37,332 million (1.3% of the securities market total turnover).

MAINLAND ENTERPRISES (MAIN BOARD AND GEM)

Month-end figures

	May 2024	May 2023	End 2023
No. of H shares	341	321	339
No. of Non-H share Mainland enterprises	1,113	1,103	1,108
Market capitalisation (% of market total)	78.4%	76.5%	76.5%
Turnover value (% of equity turnover)	86.7%	87.9%	87.1%

INDEX PERFORMANCE

Month-end figures

	May 2024	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	26228.69	1.7%	0.0%
S&P/HKEX GEM Index	16.69	0.4%	-44.7%
Hang Seng Index	18079.61	1.8%	-0.8%
Hang Seng China Enterprises Index	6392.58	1.9%	3.7%
Hang Seng China-Affiliated Corporations Index*	3868.63	4.6%	6.0%
CES China 120 Index ^	5333.78	0.3%	0.7%
CES China HK Mainland Index +	4861.03	0.6%	0.0%

* - 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 2024	Apr 2024	% Change
Total Futures	686,252	682,720	0.5%
Hang Seng Index Futures	141,952	150,817	-5.9%
Mini Hang Seng Index Futures	95,932	93,517	2.6%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	201,305	190,077	5.9%
Mini-Hang Seng China Enterprises Index Futures	9,299	9,537	-2.5%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	81	65	24.6%
HSCEI Dividend Point Index Futures	2,570	2,555	0.6%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	115,168	119,877	-3.9%
MSCI AC Asia ex Japan NTR Index Futures	12	5	140.0%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	13,452	15,029	-10.5%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	1,256	696	80.5%
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	8	3	166.7%
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	3	2	50.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	45	44	2.3%
MSCI India (USD) Index Futures	1,758	1,770	-0.7%
MSCI India Net Total Return (USD) Index Futures	22	4	450.0%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	18	11	63.6%
MSCI Japan Net Total Return (USD) Index Futures	0	2	-100.0%
MSCI Malaysia (USD) Index Futures	0	0	-
MSCI Malaysia Net Total Return (USD) Index Futures	3	3	0.0%
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	2	0	-
MSCI Singapore Free (SGD) Index Futures	0	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	4,500	5,746	-21.7%
MSCI Taiwan 25/50 (USD) Index Futures	17	15	13.3%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	104	14	642.9%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	251	18	1294.4%
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	9,395	9,705	-3.2%
3-Month HIBOR Futures	0	0	-
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	86,403	80,335	7.6%
RMB Currency Futures - Mini USD/CNH Futures	1,429	949	50.6%
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	1,267	1,924	-34.1%
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	1,054,651	880,301	19.8%
Hang Seng Index Options	25,042	21,135	18.5%
Mini Hang Seng Index Options	21,790	19,218	13.4%
Weekly Hang Seng Index Options	16,291	15,270	6.7%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	5,350	3,986	34.2%
Hang Seng China Enterprises Index Options	45,080	30,485	47.9%
Mini-Hang Seng China Enterprises Index Options	4,386	3,198	37.1%
Weekly Hang Seng China Enterprises Index Options	6,886	3,782	82.1%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	47,203	37,759	25.0%
Hang Seng TECH Index Options	8,118	4,782	69.8%
Hang Seng TECH Index Futures Options	3,379	2,376	42.2%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	871,123	738,306	18.0%
RMB Currency Options - USD/CNH Options	3	4	-25.0%
Total Futures and Options	1,740,903	1,563,021	11.4%

* Total average daily volume is the sum of the respective average volume of the individual products
Note:
- Number of trading days for May 2024 and Apr 2024 are 23 days (with 2 holiday trading days) and 22 days (with 2 holiday trading day) respectively
- For list of holiday trading products, please see link here.

CLEARING AND SETTLEMENT

CCASS Statistics (securities market)	May 2024	Apr 2024	% Change
Average daily number of exchange trades settled by CCASS	2,410,651	2,075,627	16.14%
Average daily number of settlement instructions (“SIs”) settled by CCASS	105,437	98,792	6.73%
Average daily number of investor SIs (“ISIs”) settled by CCASS	184	151	22.03%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.94	99.93	N/A
Average daily value of SIs settled by CCASS ($ Mil)	279,322.61	230,501.90	21.18%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.67 62.74	74.42 62.34	N/A N/A
DCASS Statistics (derivatives market)	May 2024	Apr 2024	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	1,036,020	983,356	5.4%
– Stock Futures	45,226	35,851	26.1%
– Interest Rates Futures	20	20	0.0%
– RMB Currency Futures	39,553	36,527	8.3%
– INR Currency Futures	919	549	67.4%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	2,363,184	1,981,779	19.2%
– Stock Options	12,349,010	10,685,897	15.6%
– RMB Currency Options	352	344	2.3%

YEAR-TO-DATE STATISTICS

Securities Market	May 2024 YTD	May 2023 YTD	% Change
No. of newly listed companies #	21	28	-25.0%
Average daily turnover by value ($Mil.) ^	110,221	118,884	-7.3%
Average share traded per trading day (Mil. Shares)	185,583	199,282	-6.9%
Average no. of trades per trading day	2,055,895	2,090,369	-1.6%
Fund raised by IPOs ($Mil.)*	9,596	15,797	-39.3%
Total funds raised (including IPOs) ($Mil.)**	47,043	68,733	-31.6%
Derivatives Market	May 2024 YTD	May 2023 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	607,034	565,958	7.3%
– Stock Futures	8,612	6,994	23.1%
– Interest Rates Futures	0	4	-100.0%
– RMB Currency Futures	79,808	14,819	438.6%
– INR Currency Futures	1,552	804	93.0%
– Gold Futures	0	3	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	155,381	148,797	4.4%
– Stock Options	709,926	651,154	9.0%
– RMB Currency Options	4	17	-76.5%
Clearing & Settlement	May 2024 YTD	May 2023 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,411,639	2,091,374	15.31%
Average daily number of settlement instructions (SIs) settled by CCASS	105,437	104,921	0.49%
Average daily number of investor SIs (ISIs) settled by CCASS	184	157	17.35%

# 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 31 May 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	2021/07/27	361,238,455,648
2	2021/02/24	354,330,826,815
3	2021/02/26	321,313,602,377
4	2022/03/16	309,913,857,581
5	2021/02/22	303,594,716,032
6	2021/01/19	302,507,509,559
7	2021/01/20	301,244,822,148
8	2022/03/17	301,106,198,997
9	2015/04/09	293,910,756,648
10	2021/01/25	288,079,469,553

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	1,545,227	2020/07/06	15,625,280	2021/03/29
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	298,812	2020/03/19	35,820	2024/01/23
RMB Currency Futures - USD/CNH Futures	185,970	2024/05/08	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	103,353	2023/07/31	1,207,462	2023/06/15
Mini-Hang Seng China Enterprises Index Futures	76,471	2018/02/06	16,436	2014/12/11

Updated 31 May 2024