Market Report - Dec 2001
London Stock Exchange Plc
11 January 2002
11 January 2002
MONTHLY MARKET REPORT FOR DECEMBER 2001
* DECEMBER UK TRADING VOLUMES UP 22 % YEAR ON YEAR
* 17 IPOs ON AIM IN DECEMBER
In December, trading volumes across the London Stock Exchange's markets
continued their strong record of growth:
* 40.8 billion UK shares were traded in December, up 22 per cent on
December 2000.
* The number of trades in UK shares was also up 22 per cent on the same
month in 2000, rising from 1.89 million trades to 2.29 million trades.
The success of SETS(TM), the Exchange's electronic order book that has
underpinned the growth in trades over the course of 2001, continued in
December with 1.3 million trades against 0.7 million trades for the same month
in 2000. Year on year, this represented an 89 per cent increase.
There were 36 new issues during December 2001, 26 of which were IPOs. A total
of 304 companies were admitted to the Exchange's markets in 2001, including
155 IPOs. Although lower in absolute numbers than the exceptional levels of
2000 (487 new admissions in 2000), these represented 60 per cent of the total
western European IPO market.
The IPO market has been driven by the growth of AIM(TM), the Exchange's global
market for smaller and growing companies, which attracted 17 IPOs in December
2001, raising £53m between them. With 94 IPOs in 2001, AIM alone accounted for
approximately one third of western European IPOs, bucking the global trend of
slower IPO markets.
On 14 December 2001, 5 IPOs were admitted to the AIM market - a record for one
day. AIM is firmly established as a success story in the UK and the Exchange
is increasingly promoting AIM overseas, with further interest from companies
and advisors in Europe, Israel, Canada and Australia. By the end of 2001, the
total number of companies on AIM stood at 629 including 42 international
companies.
- ends -
For further information, please contact:
Tiffany Hardie-Evans Press Office +44 (0)20 7797 1222
press@londonstockexchange.com
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 media@ftse.com
* IPO - when a new company joins our market raising money. This excludes
transfers and introductions (a company that joins a market without raising
money).
* The Exchange's main market and AIM accounted for 60 per cent of all IPOs
in western Europe during the period 1 January - 30 November 2001. Source:
London Stock Exchange, Thomson Financial and individual exchange websites.
* LONDON STOCK EXCHANGE CREST AND LOGO, SETS and AIM are trademarks of
London Stock Exchange plc. FTSE is a trademark of London Stock Exchange
plc and the Financial Times Limited and is used by FTSE International
Limited under licence.
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
December 2001
2001 2000
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 119,351 1,904,844 128,959 1,895,534
Number of Equity Trades 2,294,426 32,130,988 1,885,601 29,427,308
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 217,675 3,676,342 246,931 3,519,722
Number of Equity Trades 1,364,847 17,454,095 975,308 11,300,814
December 2001 December 2000
DOMESTIC MARKET CAPITALISATION £bn 1,535 1,812
TOTAL NUMBER OF COMPANIES 2,891 2,929
UK list 1,809 1,904
Foreign 453 501
AIM 629 524
techMARK 243 246
2001 2000
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 195 6,587 620 12,798
1,611 16,287 673 15,653
Further, Rights and
Other
Bonds and Warrants 8,316 83,342 12,261 100,556
Int. New Issues Equity 289 3,581 121 5,481
Further, Rights and 3,135 4,902 296 4,898
Other
Bonds and Warrants 4,418 81,344 7,139 87,270
COMPANIES ADMITTED IN MONTH 36 304 45 487
INDICES PERFORMANCE Month Close Mvt in Month Mvt in Year
FTSE100 5,217.4 +0% -16%
FTSE All Share 2,523.9 +0% -15%
FTSE techMARK 100 1,472.7 -2% -43%
FTSE AIM 897.8 +0% -38%
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