Hong Kong’s biggest brokerages increased their market share during May 2014, according to statistics from Hong Kong Exchanges and Clearing (HKEx).
Leading brokerages now account for more business than they have done in any monthly period since September 2013.
In the ‘Stock exchange participants’ market share report’, HKEX provides monthly market share data for its exchange participants. The exchange splits the brokers into three segments, the top fourteen, numbers 15 to 65 and lastly, everyone else.
In May 2014, the fourteen biggest firms accounted individually for between 2.12% to 7.14% of market turnover. Their aggregate tally was 57.28%.
Since September 2013, when the big 14 jointly accounted for 57.4% of business, the numbers for the larger participants had slipped back, bottoming out late last year at 53.77%. Since then there has been consistent improvement on a month-on-month basis.
Positions numbers 15 to 65 accounted for a combined 32.5%. The segment of smaller brokers amassed a total market share of 10.22%.
In April 2014, the respective market shares of the three groups were 56.74%, 33.96% and 10.3%.
The average daily turnover in May 2014 in the Hong Kong market was HK$ 56.200 million, having fallen from April, when the average daily figure was HK$ 66,041 million.