Hong Kong Exchanges and Clearing Ltd.
Owns and operates stock and futures exchanges, clearing houses, and data services across Hong Kong, the UK, and Mainland China.
As of Oct 15, 2026
Summary
Hong Kong Exchanges and Clearing Ltd. operates the Hong Kong stock exchange and clearing systems, serving as the primary listing and trading venue for Asia's major financial hub. The stock is trading with a bearish technical bias and has declined 6.0% over the past month and 14.2% over the past year, reflecting sustained downward pressure despite a market capitalisation of HK$480 billion.
Price history
As of Oct 14, 2026
Performance
-0.59%
-1.42%
-5.99%
-4.03%
-5.27%
-14.20%
As of Oct 14, 2026
Technical indicators
- 35.6
- -0.6Bearish
- 50: 396.79 · 200: 396.72
- HK$373.00 / HK$382.99
Technical Bias
Bearish lean
Hong Kong Exchanges and Clearing's technical picture is tilted bearish at present. The MACD is negative whilst the RSI sits at 35.6 and moving averages remain flat, giving a derived technical read of one bearish signal against two neutral ones, not a recommendation.
A transparent read of the indicators below — not a prediction or recommendation.
As of Oct 14, 2026
Fundamentals
- HK$480B
- 24.13
- HK$15.65
- 62.89%
- +18.9%
- HK$21.0B
- 0.96
- HK$353.71 – HK$430.19
- 3.72%
- Sep 1, 2026
- Nov 6, 2026 (21 days)
As of Oct 16, 2026
Upcoming catalysts
- Earnings report
As of Oct 16, 2026
Latest news
As of Oct 16, 2026
MonkeyTrade's Take on Hong Kong Exchanges and Clearing Ltd.
Short-term outlook
The short-term picture leans bearish: MACD confirms downward momentum, shares sit right at the 50- and 200-day averages (396.79 and 396.72), and the stock is down 6.0% over the past month. A break below support at HK$373.00 would reinforce that weakness, while a reclaim of resistance at HK$382.99 would challenge it. No earnings catalyst is imminent, with the next report not due until November 2026.
Medium-term outlook
Hong Kong Exchanges and Clearing pairs a chunky 62.9% profit margin with strong 18.9% revenue growth and a 3.7% dividend yield, underlining a genuinely cash-generative franchise even at a 24.13 P/E. Yet the technical lean is bearish, suggesting the market isn't yet rewarding those fundamentals over the coming quarters. A renewed pickup in trading volumes or listing activity would be the catalyst needed to flip that technical picture.
Key risks
- HKEX's earnings are closely tied to trading volumes and IPO activity, so any slowdown in market turnover or a weaker-than-expected IPO pipeline could pressure revenue growth.
- The stock trades well below its 52-week high of HK$430.19 at HK$373.60, suggesting sentiment has cooled and investors may be pricing in near-term uncertainty.
- As a Hong Kong-based exchange, HKEX remains exposed to broader China and Hong Kong market sentiment, regulatory shifts, and geopolitical tensions that can swing listing and trading activity.
- A premium valuation with a P/E of 24.13 leaves less room for error, meaning any disappointment in volume growth or new listings could weigh more heavily on the share price.
About Hong Kong Exchanges and Clearing Ltd.
Hong Kong Exchanges and Clearing Ltd. (0388) operates the main securities and derivatives market in Hong Kong, making it a central piece of infrastructure for trading, clearing and listing activity across the region. As the dominant stock exchange operator in this part of Asia, it sits within the Financial Services sector, specifically the Financial Data & Stock Exchanges industry, giving it a position closer to a market utility than a typical listed business, with revenue tied to trading volumes, listings and data services.
With a market capitalisation of HK$480B, HKEX ranks among the larger listed exchange operators globally. Its price-to-earnings ratio of 24.13 reflects how the market currently values its earnings, while a dividend yield of +3.7% points to the cash returns it distributes to shareholders. Together, these figures offer a snapshot of how investors are pricing its role as a core market infrastructure provider.
How to trade Hong Kong Exchanges and Clearing Ltd.
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