HKEX Witnesses a 10% Increase in Securities Market Capitalization for Aug 2021

HKEK, Hong Kong Exchanges, and Clearing which currently stands as the largest stock market in Asia by market capitalization have published their trading metrics for August. It was revealed that the market cap in the securities market for the period was about $46.8 trillion. This represents about a 10% increase from the figure recorded last year.

Talking about the average the firm’s daily turnover, HKEX reported that it has reached $159.3 billion for August meaning the figure compared to the $135.2 billion recorded the same duration previous year is about 18% higher. Additionally, the market operator revealed the figures for the first eight months of the year showing about $183.8 billion which is about a 46% increase compared to the $126.1 billion recorded in August 2020 per the average daily turnover.

For the first eight months of the year, the average daily turnover of the derivative warrants was $11.8 billion which is up by 34% compared to the $8.8 billion recorded for the same period last year. For the ETFs, the average daily turnover recorded for the first eight months was $6.5 billion showing a 25% increase when compared with the $5.2 billion recorded for the same period in 2020.

However, in the derivatives market, the average daily turnover reported by HKEX for the futures and options in the initial 8 months of the year was 1,209,685 contracts which is about a 2% increase when compared with the figure recorded for the same period last year, 1,186,931 contracts.

The operator added that for the Stock Options, the first eight months of the year saw 683,779 contracts which when compared with the 530,627 contracts recorded for the same period last year is about 29%. Likewise, for the Stock Futures, there was a 141% increase when the average daily turnover recorded for the first eight months of the year is compared with the same period last year (10,931 contracts vs 4,527 contracts).

In August, the operator stated that there was an increase in the revenue and profits recorded. The revenue logged for the period is about HK$10.06 billion which is a drastic increase when compared to the previous record of HK$7.94 billion a year.