HKEX Monthly Market Highlights

Highlights

- Securities Market

Market capitalisation was $35.2 trillion at the end of October 2024, an increase of 14 per cent from $30.8 trillion for the same period last year.
The average daily turnover in October 2024 was $255.0 billion, an increase of 224 per cent from $78.8 billion for the same period last year.
The average daily turnover for the first ten months of 2024 was $127.8 billion, an increase of 20 per cent when compared with $106.6 billion for the same period last year.
The average daily turnover of CBBCs for the first ten months of 2024 was $6.5 billion, an increase of 5 per cent when compared with $6.2 billion for the same period last year.
The average daily turnover of ETFs for the first ten months of 2024 was $15.1 billion, an increase of 30 per cent when compared with $11.6 billion for the same period last year.
The average daily turnover of L&I Products for the first ten months of 2024 was $2.9 billion, an increase of 32 per cent when compared with $2.2 billion for the same period last year.
The average daily turnover of Debt Securities for the first ten months of 2024 was $570 million, an increase of 27 per cent when compared with $450 million for the same period last year.
On 8 October 2024, turnover reached a record high of $620.7 billion.
On 8 October 2024, turnover of Northbound Stock Connect and Southbound Stock Connect reached record high of RMB510.1 billion and HK$280.3 billion respectively
There were 54 newly listed companies for the first ten months of 2024, an increase of 4 per cent when compared with 52* for the same period last year.
Funds raised through IPOs# for the first ten months of 2024 was $68.6 billion, an increase of 116 per cent when compared with $31.7 billion for the same period last year.
Total funds raised for the first ten months of 2024 was $149.7 billion, an increase of 37 per cent when compared with $109.1 billion for the same period last year.

- Derivatives Market

The average daily volume of futures and options for the first ten months of 2024 was 1,582,570 contracts, an increase of 17 per cent when compared with the 1,351,798 contracts for the same period last year.
The average daily volume of equity index futures for the first ten months of 2024 was 599,391 contracts, an increase of 8 per cent when compared with the 556,905 contracts for the same period last year.
The average daily volume of equity index options for the first ten months of 2024 was 150,123 contracts, an increase of 7 per cent when compared with the 139,734 contracts for the same period last year.
The average daily volume of Stock Options for the first ten months of 2024 was 733,117 contracts, an increase of 19 per cent when compared with the 614,604 contracts for the same period last year.
The average daily volume of Stock Futures for the first ten months of 2024 was 8,875 contracts, an increase of 33 per cent when compared with the 6,687 contracts for the same period last year.
The average daily volume of RMB Currency Futures for the first ten months of 2024 was 89,600 contracts, an increase of 171 per cent when compared with the 33,049 contracts for the same period last year.
On 3 October 2024, the volume of Weekly Hang Seng Index Options reached a record high of 42,147 contracts.
On 8 October 2024, the volume of Weekly Hang Seng TECH Index Options reached a record high of 6,754 contracts.
On 8 October 2024, the volume of Stock Futures reached a record high of 48,274 contracts.
On 9 October 2024, the volume of Mini Hang Seng Index Futures reached a record high of 340,150 contracts.
On 9 October 2024, the volume of Hang Seng China Enterprises Index Futures Options reached a record high of 137,469 contracts.

* 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

	Oct 2024	Oct 2023	End 2023
No. of listed companies	2,623	2,601	2,609
Total market capitalisation ($Bil.)	35,182.0	30,755.9	31,039.1
No. of newly listed companies *	9	5	73
No. of listed securities	14,257	13,324	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	5,347	5,289	4,801
No. of inline warrants	-	1	-
No. of CBBCs	4,507	3,611	3,578
No. of unit trusts	206	187	186
No. of debt securities	1,565	1,622	1,624

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

Number of Newly Listed Securities (Main Board and GEM)

	Oct 2024	Oct 2023	2023
Derivatives warrants	997	509	7,967
CBBCs	4,218	1,672	22,851
Unit trusts	1	1	16
Debt securities	31	22	222

Securities Market Turnover (Main Board and GEM)

	Oct 2024	Sep 2024	% Change
Monthly turnover ($Mil.) *	5,355,809	3,214,892	66.6%
Average daily turnover by value ($Mil.) *	255,039	169,205	50.7%
No. of trading days	21	19	-

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

Stock Connect Summary

	Oct 2024	Sep 2024	% Change
Total Northbound average daily turnover by value (RMB Mil) (For ETF and Stocks)	270,139	129,687	108.3%
Total Southbound average daily turnover by value ($ Mil) (For ETF and Stocks)	101,523	61,946	63.9%
No. of Northbound trading days	17	17	-
No. of Southbound trading days	17	17	-

Turnover by Type of Securities (Main Board and GEM)

	Oct 2024 ($Mil)	Sep 2024 ($Mil)	% Change
Equities	4,074,349.37 (76.1%)	2,447,361.50 (76.1%)	66.5%
Derivative warrants	154,025.56 (2.9%)	103,665.55 (3.2%)	48.6%
CBBCs	261,163.08 (4.9%)	150,519.25 (4.7%)	73.5%
Unit Trusts (include ETFs)	857,107.10 (16.0%)	501,414.98 (15.6%)	70.9%

( ) % 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)

	Oct 2024 ($Mil)	Sep 2024 ($Mil)	% Change
Equities	194,016.64	128,808.50	50.6%
Derivative warrants	7,334.55	5,456.08	34.4%
CBBCs	12,436.34	7,922.07	57.0%
Unit trusts (include ETFs)	40,814.62	26,390.26	54.7%
Others	436.39	627.94	-30.5%
Total	255,038.54	169,204.85	50.7%

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 Oct 2024 was $48,203 million (0.9% of the securities market total turnover).

Mainland Enterprises (Main Board and GEM)

Month-end figures

	Oct 2024	Oct 2023	End 2023
No. of H shares	353	327	339
No. of Non-H share Mainland enterprises	1,116	1,108	1,108
Market capitalisation (% of market total)	79.5%	77.4%	76.5%
Turnover value (% of equity turnover)	89.2%	85.6%	87.1%

Index Performance

Month-end figures

	Oct 2024	% Change over 1 Month	% Change over 12 Months
S&P/HKEX LargeCap Index	30446.03	-5.3%	22.6%
S&P/HKEX GEM Index	18.35	18.9%	-14.7%
Hang Seng Index	20317.33	-3.9%	18.7%
Hang Seng China Enterprises Index	7264.11	-3.3%	23.9%
Hang Seng China-Affiliated Corporations Index*	3764.77	-6.9%	12.3%
CES China 120 Index ^	5935.83	-4.7%	14.7%
CES China HK Mainland Index +	5612.55	-4.5%	19.6%

* - 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 2024	Sep 2024	% Change
Total Futures	946,811	751,688	26.0%
Hang Seng Index Futures	183,711	152,009	20.9%
Mini Hang Seng Index Futures	170,537	96,807	76.2%
HSI (Gross Total Return Index) Futures	0	0	-
HSI (Net Total Return Index) Futures	0	0	-
Hang Seng China Enterprises Index Futures	224,934	202,640	11.0%
Mini-Hang Seng China Enterprises Index Futures	21,790	10,271	112.2%
HSCEI (Gross Total Return Index) Futures	0	0	-
HSCEI (Net Total Return Index) Futures	0	0	-
HSI Dividend Point Index Futures	43	24	79.2%
HSCEI Dividend Point Index Futures	1,030	3,672	-71.9%
HSI Volatility Index Futures	0	0	-
Hang Seng TECH Index Futures	195,043	128,925	51.3%
MSCI AC Asia ex Japan NTR Index Futures	562	1,931	-70.9%
MSCI Australia Net Total Return (USD) Index Futures	0	0	-
MSCI China A 50 Connect (USD) Index Futures	19,723	16,455	19.9%
MSCI China (USD) Index Futures	0	0	-
MSCI China Net Total Return (USD) Index Futures	2,174	3,764	-42.2%
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	22	1,002	-97.8%
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	2	2	0.0%
MSCI Hong Kong Net Total Return (USD) Index Futures	129	334	-61.4%
MSCI India (USD) Index Futures	4,572	5,691	-19.7%
MSCI India Net Total Return (USD) Index Futures	24	431	-94.4%
MSCI Indonesia (USD) Index Futures	0	0	-
MSCI Indonesia Net Total Return (USD) Index Futures	2	969	-99.8%
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	18	112	-83.9%
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	78	-100.0%
MSCI Philippines Net Total Return (USD) Index Futures	0	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	4,980	5,690	-12.5%
MSCI Taiwan 25/50 (USD) Index Futures	38	12	216.7%
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures	0	0	-
MSCI Taiwan Net Total Return (USD) Index Futures	12	191	-93.7%
MSCI Thailand (USD) Index Futures	0	0	-
MSCI Thailand Net Total Return (USD) Index Futures	0	2,164	-100.0%
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	16,312	9,930	64.3%
3-Month HIBOR Futures	1	1	0.0%
1-Month HIBOR Futures	0	0	-
RMB Currency Futures - USD/CNH Futures	98,024	104,958	-6.6%
RMB Currency Futures - Mini USD/CNH Futures	2,018	2,607	-22.6%
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	1	-100.0%
INR Currency Futures - INR/USD Futures	1,110	1,015	9.4%
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	1,219,450	1,114,205	9.4%
Hang Seng Index Options	19,830	27,210	-27.1%
Mini Hang Seng Index Options	20,099	20,926	-4.0%
Weekly Hang Seng Index Options	22,276	12,213	82.4%
Flexible Hang Seng Index Options	0	0	-
Hang Seng Index Futures Options	5,125	5,063	1.2%
Hang Seng China Enterprises Index Options	34,173	37,241	-8.2%
Mini-Hang Seng China Enterprises Index Options	4,929	5,575	-11.6%
Weekly Hang Seng China Enterprises Index Options	2,849	2,941	-3.1%
Flexible Hang Seng China Enterprises Index Options	0	0	-
Hang Seng China Enterprises Index Futures Options	68,025	50,326	35.2%
Hang Seng TECH Index Options	4,027	4,628	-13.0%
Weekly Hang Seng TECH Index Options #	1,687	747	125.8%
Hang Seng TECH Index Futures Options	2,770	3,120	-11.2%
MSCI Taiwan (USD) Index Options	0	0	-
Stock Options	1,033,654	944,209	9.5%
RMB Currency Options - USD/CNH Options	6	6	0.0%
Total Futures and Options	2,166,261	1,865,893	16.1%

* Total average daily volume is the sum of the respective average volume of the individual products
# Trading commenced on 2 September 2024
Note:
- Number of trading days for Oct 2024 and Sep 2024 are 23 days (with 2 holiday trading days) and 21 days (with 1 holiday trading day) respectively
- For list of holiday trading products, please see link here.

Clearing and Settlement

CCASS Statistics (securities market)	Oct 2024	Sep 2024	% Change
Average daily number of exchange trades settled by CCASS	3,733,059	2,576,430	44.89%
Average daily number of settlement instructions (“SIs”) settled by CCASS	130,027	102,117	27.33%
Average daily number of investor SIs (“ISIs”) settled by CCASS	256	184	39.28%
Average daily settlement efficiency of CNS stock positions on due day (T+2)	99.88	99.93	N/A
Average daily value of SIs settled by CCASS ($ Mil)	435,816.05	303,996.35	43.36%
Shares deposited in the CCASS depository – % of total issued shares – % of the total market capitalisation	74.99 63.86	74.31 64.01	N/A N/A
DCASS Statistics (derivatives market)	Oct 2024	Sep 2024	% Change
Month-end Open Interest (contracts)
– Equity Index Futures	915,136	1,017,379	-10.0%
– Stock Futures	45,348	46,141	-1.7%
– Interest Rates Futures	65	75	-13.3%
– RMB Currency Futures	28,928	29,032	-0.4%
– INR Currency Futures	467	992	-52.9%
– Gold Futures	0	0	-
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	2,113,677	1,644,303	28.5%
– Stock Options	14,741,473	12,213,596	20.7%
– RMB Currency Options	420	382	9.9%

Year-to-date Statistics

Securities Market	Oct 2024 YTD	Oct 2023 YTD	% Change
No. of newly listed companies #	54	52	3.8%
Average daily turnover by value ($Mil.) ^	127,798	106,650	19.8%
Average share traded per trading day (Mil. Shares)	213,166	198,313	7.5%
Average no. of trades per trading day	2,213,403	1,912,402	15.7%
Fund raised by IPOs ($Mil.)*	68,635	31,673	116.7%
Total funds raised (including IPOs) ($Mil.)**	149,654	109,119	37.1%
Derivatives Market	Oct 2024 YTD	Oct 2023 YTD	% Change
*Average daily volume (contracts)*
– Equity Index Futures	599,391	556,905	7.6%
– Stock Futures	8,875	6,687	32.7%
– Interest Rates Futures	1	2	-50.0%
– RMB Currency Futures	89,600	33,049	171.1%
– INR Currency Futures	1,458	800	82.3%
– Gold Futures	0	2	-100.0%
– Silver Futures	0	0	-
– Iron Ore Futures	0	0	-
– London Metal Mini Futures	0	0	-
– Equity Index Options	150,123	139,734	7.4%
– Stock Options	733,117	614,604	19.3%
– RMB Currency Options	5	15	-66.7%
Clearing & Settlement	Oct 2024 YTD	Oct 2023 YTD	% Change
Average daily number of exchange trades handled by CCASS	2,213,452	1,913,441	15.68%
Average daily number of settlement instructions (SIs) settled by CCASS	100,016	99,883	0.13%
Average daily number of investor SIs (ISIs) settled by CCASS	153	141	7.88%

# 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 Oct 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 31 Oct 2024