Market report - February
London Stock Exchange Plc
09 March 2004
MONTHLY MARKET REPORT 9 March 2004
FOR FEBRUARY 2004 MR32 - 02.04
TRADING ROBUST IN FEBRUARY
Trading on the London Stock Exchange was robust in February 2004 with year on
year increases across its markets.
The value traded on SETS, the Exchange's electronic order book, during February
2004 was £76.3 billion. This was the highest amount ever traded on SETS in a
single month and represented a 45 per cent increase from the £52.7 billion
traded in February last year. There were 3.12 million trades on SETS in
February 2004 - up 20 per cent on February 2003. Included in these figures were
206,875 SETSmm trades worth £2.8 billion. The average daily number of trades on
SETS rose to 156,032 from 129,598.
There were 4.44 million UK equity trades on the Exchange in February 2004, an
increase of 29 per cent on the total of 3.44 million equity trades in February
2003. The total value of UK shares traded this year was £210.6 billion, up from
£124.8 billion in February 2003.
Trading in covered warrants and ETFs also showed year on year gains. In
February 2004, there were 8,032 ETF and 4,654 covered warrant trades compared to
last February's totals of 4,972 and 1,472 trades respectively.
The number of trades on EDX London increased again in February 2004, with 3.1
million contracts traded. This was 44 per cent up on the previous high in
January 2004.
On the primary market, there were 11 new issues in February raising £61.59
million between them. Two of these were on the Main Market (one of which was an
IPO) and nine on AIM (four of which were IPOs). This compares with four new
issues (one on the Main Market and three on AIM) in February 2003.
There were 20 business days in February 2004, which was the same number as in
February 2003.
- ends -
For further information, please contact:
Press Office +44 (0)20 7797 1222
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 2003, the
market capitalisation of UK and international companies on its markets amounted
to £3.3 trillion, with £3.6 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.
• SETS - the electronic order book.
It is over six 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.
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).
• SETSmm
SETSmm is the Exchange's new 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 - http://
www.londonstockexchange.com/trading/retailtrade.asp
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
February 2004
2004 2003
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 210,638 420,387 124,833 273,545
Number of Equity Trades 4,439,050 9,202,769 3,435,325 7,342,542
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 179,857 390,102 117,342 294,488
Number of Equity Trades 882,496 1,850,578 778,787 1,935,236
ORDER BOOK TRADING
Order Book Value (£m) 76,303 151,734 52,707 114,854
Order Book Trades 3,120,646 6,491,586 2,591,959 5,469,682
February 2004 February 2003
DOMESTIC MARKET CAPITALISATION (£bn) 1,402 1,076
TOTAL NUMBER OF COMPANIES 2,673 2,804
UK list 1,539 1,689
Foreign 373 412
AIM 761 703
of which techMARK 176 207
2004 2003
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 62 146 0 26
Further, Rights and Other 246 1,234 242 411
Bonds, Warrants, Fixed Interest 4,441 21,050 4,809 10,489
Int. New Issues Equity - - - -
Further, Rights and Other - 91 77 77
Bonds, Warrants, Fixed Interest 7,948 16,533 8,816 17,880
COMPANIES ADMITTED 11 22 4 18
This information is provided by RNS
The company news service from the London Stock Exchange
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