Market Report - Feb 2002

London Stock Exchange Plc
8 March 2002


MONTHLY MARKET REPORT FOR FEBRUARY 2002


 - UK TRADING VOLUMES UP 14% ON FEBRUARY 2001

 - AVERAGE DAILY TRADING UP 9% ON FEBRUARY 2001


UK trading volumes on the London Stock Exchange continued to rise in February,
with a 14 per cent increase to 2.73 million trades, compared with 2.40 million
trades in the same month in 2001.



- The average number of daily trades in UK and international shares rose
  by 9 per cent from 180,949 in February 2001 to 197,852 in February 2002.

- 51.6 billion UK shares were traded in February, up from 45.5 billion
  in February 2001.  This represented an increase of 13 per cent year on year.

The strong growth in trading on SETSa, the Exchange's electronic order book, has
continued in 2002.  In February, 1.55 million trades were recorded on SETS
against 0.88 million trades for the same month in 2001.  Year on year, this
represented a 76 per cent increase.


There were 10 new issues during February 2002, 9 of which were IPOs.   The 9
IPOs were split between AIM (6) and the main market (3), raising £205 million
between them.


For further information, please contact:


Tiffany Hardie-Evans                        Press Office   [phone]
[e-mail]


Notes to editors:

 -     About the London Stock Exchange:

The London Stock Exchange is one of the world's leading equity exchanges and a
leading provider of services that facilitate the raising of capital and the
trading of shares.


The London Stock Exchange is the most international equities exchange by trading
in the world and Europe's largest pool of liquidity.  By the end of 2001, the
market capitalisation of UK and international companies on its markets amounted
to £4.1 trillion, with over £5.6 trillion of business transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the
Financial Services and Markets Act 2000 and is supervised by the Financial
Services Authority.



 -      SETS - the electronic order book.

It is now over four years since the launch of SETS and the service continues to
go from strength to strength. Overall, the market is benefiting from tighter
spreads, greater liquidity and lower execution costs. Usage of SETS continues to
grow, as shown by recent record increases in the number of orders entered, the
number of firms using the order book and order book share of business. For more
information see our publication: "SETS - four years on" available at
www.londonstockexchange.com/trading/pdfs/sets4years.pdf



-            Indices are calculated and managed by FTSE Group, a world-leader in
the creation and management of global equity indices. The FTSE Group is 
jointly owned by the London Stock Exchange and the Financial Times, but  
operates as a wholly autonomous company.

  For information about the company or any FTSE indices, please contact
  [e-mail]

-           IPO - when a new company joins our market raising money.  This
excludes transfers and introductions
 (a company that joins a market without raising money).

LONDON STOCK EXCHANGE


MONTHLY FACTSHEET FIGURES


February 2002


                                                     2002                              2001
DOMESTIC EQUITY TRADING                         Month    Year to date             Month    Year to date

Equity Trading Value (£m)                     145,460         298,266           168,921         367,011
Number of Equity Trades                     2,726,095       5,559,024         2,395,461       5,174,701


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                     226,704         488,104           319,240         688,132
Number of Equity Trades                     1,230,952       2,726,867         1,223,520       2,507,013


                                                         February 2002             February 2001

DOMESTIC MARKET CAPITALISATION £bn                               1,516                     1,729

TOTAL NUMBER OF COMPANIES                                        2,878                     2,921
UK list                                                  1,795                     1,880
Foreign                                                  445                       498
AIM                                                      638                       543
techMARK                                                 239                       245


                                                       2002                             2001
MONEY RAISED £m                                   Month    Year to date           Month    Year to date

UK & AIM New Issues Equity                          206             277              94             176
Further, Rights and Other                         1,455           1,818             436             750
Bonds and Warrants                                5,650          10,319          11,086          12,449
Int. New Issues Equity                                -               -           3,090           3,090
Further, Rights and Other                           132             172              90             117
Bonds and Warrants                                5,627          10,929          11,065          14,822


COMPANIES ADMITTED IN MONTH                          10              31              18              40



INDICES PERFORMANCE                                 Month Close         Mvt in Month            Mvt in Year
FTSE100                                                 5,101.0                  -1%                    -2%
FTSE All Share                                          2,467.0                  -1%                    -2%
FTSE techMARK 100                                       1,197.5                 -11%                   -19%
FTSE AIM                                                  842.3                  -3%                    -6%



                      This information is provided by RNS
            The company news service from the London Stock Exchange