Market report - November 2005

London Stock Exchange Plc
12 December 2005


News Release




12 December 2005
MR53-11.05


             SETS HEADS FOR RECORD £1 TRILLION VALUE TRADED IN 2005


2005 will be a record year for equity trading across the London Stock Exchange's
markets, with a year-to-date growth rate in the number of trades to November of
23 per cent, ahead of the 18 per cent five year CAGR (compound annual growth
rate) since 1999.

From January to the end of November 2005, there were 74.5 million trades.  This
is over 8 million trades more than the total for the whole of 2004.  The value
traded so far this year is £4.8 trillion, also exceeding the total for last
year.

Of these trades, a record 47.3 million trades were carried out on SETS, an
increase of 26 per cent on the number of trades from January to the end of
November 2004 and more than the total for the whole of last year by over six
million trades.  The value traded on SETS this year to the end of November was
£970.2 billion, again higher than the total value traded on SETS during the
whole of last year.

During November, the total number of trades carried out on the Exchange
increased on November 2004 to 7.5 million - a 16 per cent increase on the
previous year.  The total value traded was £511.8 billion, an increase of 13 per
cent on the total value traded during November 2004.

The value traded on SETS during the month increased 33 per cent on November 2004
to £104.4 billion.  This was ahead of the 18 per cent rise in the number of SETS
trades, up to 4.7 million trades in November 2005, and reflected an increase in
the average value of a SETS trade, which rose to £22,000, up from £20,000 in
November last year.  The average daily number of trades on SETS was 215,582, and
the average daily value traded was £4.7 billion.

ETFs had an excellent month, with the number of ETF trades up 39 per cent on
November last year to a record 13,631.  The total value traded also reached a
new high, increasing 132 per cent to £1.3 billion. This included trading in ten
new ETFs which listed during the month.  Trading in covered warrants also made
good progress, with the total number of trades reaching 6,975, and the value
traded up 20 per cent on November 2004 to £25.0 million.

There were nine IPOs on the Main Market during November 2005, raising £761
million between them.  This included two IPOs from international companies.
There were 18 IPOs on AIM, raising £392 million between them.

There were 22 business days in November 2005, the same number as in November
2004.



                                    - ends -



For further information, please contact:
Catherine Mattison                       Press Office   [phone]        [e-mail]





Notes to editors:



•          About the London Stock Exchange



The London Stock Exchange is one of the world's foremost 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.  In 2004, 80% of all
Western European IPOs floated in London. By the end of 2004, the market
capitalisation of UK and international companies on the London Stock Exchange's
markets amounted to £3.5 trillion, with £4.7 trillion of equity 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.

Companies considering flotation have a choice of markets:



AIM

AIM is the London Stock Exchange's international market specifically designed
for smaller, growing companies, combining the benefits of a public flotation
with appropriate levels of regulation.



Main Market

The London Stock Exchange's Main Market for established companies seeking
international recognition is one of the world's best known, longest-established
and most liquid markets.  It is home to some of the world's largest and most
successful companies, giving them access to one of the deepest pools of capital
in the world.



Professional Securities Market

The Professional Securities Market was established in July 2005, to coincide
with the introduction of the FSA's new Listing Rules.  PSM provides a solution
for those issuers seeking to list securities in London without having to
re-state their financial information to IFRS or follow the additional
requirements of an offering to retail investors.  Debt securities or depository
receipts of any denomination may be listed on PSM on production of a prospectus
aimed at a wholesale or professional audience.



•     IPO



An IPO or Initial Public Offering is when a new company joins one of our markets
and raises capital by issuing shares.  This excludes transfers and introductions
(when companies join the market without raising money).



•        Indices

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]



•        SETS - the electronic order book



It is over seven years since the launch of SETS and the service continues to go
from strength to strength. Overall, the market is benefiting from tighter
spreads and greater liquidity. 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.



•      SETSmm



SETSmm is the Exchange's successful trading service for FTSE 250 and other
leading non order book securities.  By combining the best features of the
existing SETS and SEAQ trading services, SETSmm appeals to market users who want
to trade electronically, as well as those customers who use the market making
system.



•      Retail Trading Figures



Retail trading figures are available from our website at -

www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat

Figures are available from November 2002 to date.







LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES



2005


                                        2005                             2004
DOMESTIC EQUITY TRADING                 Month        Year to date        Month        Year to date

Equity Trading Value (£m)                    242,646       2,309,634          198,771       2,144,478
Number of Equity Trades                    5,799,298   58,066,641           5,106,586      49,516,404


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    269,203       2,447,081          255,939       2,192,600
Number of Equity Trades                    1,700,787      16,450,234        1,359,986      11,028,601


ORDER BOOK TRADING

Order Book Value (£m)                         104,364         970,220            78,677         813,896
Order Book Trades                           4,742,794      47,258,350         4,013,822      37,358,565


                                                      November 2005            November 2004

DOMESTIC MARKET CAPITALISATION (£bn)                                 1,771                           1,451

TOTAL NUMBER OF COMPANIES                                            3,045                           2,802
Main Market UK                                        1,359                    1,466
Main Market International                             333                      357
of which techMARK                                     148                      167
AIM                                                   1,351                    979
Professional Securities Market (Equity only)          2                        -


                                                2005                             2004
MONEY RAISED (£m)                              Month       Year to date         Month        Year to date


Equity Money Raised:
  New issues: UK Main Market                           614           4,892               386         3,298
  New issues: International Main Market                147           3,897               110           772
  New issues: AIM                                      460           4,443               217         2,243
  Further issues: UK Main Market                     1,098           8,201               237         8,520
  Further issues: Main Market                            -             325                12           204
International
  Further issues: AIM                                  189           1,982               375         1,585
  PSM (new & further, UK & International)                -              38                 -             -

COMPANIES ADMITTED                                      45             543                42           360
                                                                  

Debt Money Raised (£m)
  Main Market UK                                  10,931           113,989            11,553          117,956
  Main Market International                       10,644           107,535             6,691           84,569
  PSM (  PSM (UK & International)                  2,407            19,346                 -                -




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