Hong Kong Exchanges and Clearing Limited (HKEX) has released its year-end market statistics, which entailed its aggregated volumes and figures for the 2016 year – overall, the exchange saw a mixed performance over multiple key segments on a YoY basis.
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One of the strongest components of HKEX’s yearly market statistics were across its derivatives volumes, which soared to a new high of total turnover of 84,100,129 contracts. This bested a previous high of 73,462,212 contracts set back in 2015, good for a YoY growth of 14.5%.
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In addition, HKEX also experienced a strong performance across its securities market, with a total of 126 new listings, compared with 138 newly listed companies in 2015 (-8.7% YoY), while IPO fundraising reached $25.1 billion in 2016 – this was among the highest markets in the world, though well below its 2015 figure of $33.7 billion, or -25.5% YoY.
Securities Market Sees Decline
By December 30, 2016, HKEX had 1,973 listed companies with a total market capitalization of $24.8 trillion. This was below its 2015 counterpart, having fallen from $31.6 trillion in 2015, or -21.5% YoY.
Other instruments of note were HKEX’s turnover of Hang Seng Index Futures, having set a new record of 32,313,994 contracts in 2016, up 40 per cent from the previous high in 2011. Furthermore, the turnover of USD/CNH Futures reached 538,594 contracts in 2016, relative to a figure of 262,433 contracts in 2015 or 105.2% YoY.
The overall statistics are characteristic of an up-and-down year seen at most institutional exchanges, with droughts of volatility ultimately giving way to a historically active November.