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HKEx Market Capitalisation Hits Record High

by Mary Swire, Tax-News.com, Hong Kong

08 March 2007

Hong Kong's stock market capitalisation reached an all-time high of HK$13.979 trillion (US$1.8 trillion) on February 22, according to Hong Kong Exchanges & Clearing Ltd.

A turnover of HK$80.859 billion in 639,520 trades was recorded on February 28, the highest ever.

That same day saw 54,579 Hang Seng Index Options contracts and 7,954 stock futures contracts transactions - both daily records.

At the end of February, the total market capitalisation was HK$13.224 trillion, up 44% from a year earlier. The number of listed companies had risen 3.25%, to 1,176.

The market capitalisation of Mainland enterprises accounted for 49.2% of the total at the end of February, up from 41.3% for the same period last year. Their turnover value rose to 63.1% from 57.2%.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

 

 






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