HKEx first quarter profit up 10% to $1.24bn

The exchange’s daily turnover in the period was $75.6bn on the Main Board and $364.8mn on Growth Enterprise Market.

Hong Kong Exchanges & Clearing saw a 10% year-on-year surge in profit attributable to shareholders in the first quarter this year to $1.238 billion.

According to the first-quarter results announced on Wednesday, HKEx recorded income of $1.907 billion, up 11% on a year earlier, while operating expenses rose 15% to $442 million, according to a HKEx report.

The average daily turnover value on the Stock Exchange was $75.9 billion, 17% higher than the same period last year. The average daily number of derivatives contracts traded on the Futures Exchange and stock options contracts traded on the Stock Exchange also grew 17% and 46% to 246,687 and 299,477.

In the first quarter, 14 companies were newly listed on the Main Board, and three on the Growth Enterprise Market. Total capital raised including post-listing funds reached $66.7 billion.

As at March 31 there were 1,258 and 168 companies listed on the Main Board and Growth Enterprise Market respectively with a total market capitalisation of $21.4 trillion.

There were 5,689 Derivative Warrants, 974 Callable Bull Bear Contracts, eight Real Estate Investment Trusts, 72 exchange-traded funds and 170 debt securities listed as at March 31. The average daily turnover in the first quarter was $75.6 billion on the Main Board and $364.8 million on Growth Enterprise Market.