Market Report - February 2005
London Stock Exchange Plc
09 March 2005
News Release
9 March 2005
MR44-02.05
AVERAGE DAILY NUMBER OF TRADES ON LONDON STOCK EXCHANGE EXCEEDS 300,000 FOR THE
FIRST TIME
February 2005 saw an average 308,932 trades each day across the London Stock
Exchange's markets, exceeding the record daily average of 298,284 trades set
only the previous month. This is the first time that the average daily number
of trades has reached over 300,000, and represents a 16 per cent increase on the
average daily number of trades in February last year. The average daily value
traded was £21.2 billion, up 8 per cent on the same month last year.
The record trading has been driven by the continuing growth of SETS, with the
average daily number of trades on SETS at 197,055 during the month, up 26 per
cent on February 2004. The average daily value traded on SETS was £4.1 billion,
up 7 per cent on the same month last year.
February was also a strong month on the London Stock Exchange's primary markets.
There were 11 new companies on the main market, including one each from
Israel, Korea and Russia. The total money raised by IPOs on the main market was
£1.2 billion. International companies joining the main market during February
raised more money than in any single month since February 2001. There were 30
IPOs on AIM during February, raising £159.3 million between them.
There were 20 trading days in February 2005, the same number as in February
2004.
- ends -
For further information, please contact:
Catherine Mattison Press Office +44 (0)20 7797 1395
newsroom@londonstockexchange.com
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. 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.
• 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.
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
An IPO or Initial Public Offering is when a new company joins our market and
raises capital by issuing shares. This excludes transfers and introductions
(when companies join the market without raising money).
• 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
February 2005
2005 2004
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 205,528 402,297 210,638 420,387
Number of Equity Trades 5,026,617 9,779,477 4,439,050 9,202,769
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 217,628 406,820 179,857 390,102
Number of Equity Trades 1,152,019 2,264,833 882,496 1,850,578
ORDER BOOK TRADING
Order Book Value (£m) 81,634 153,727 76,303 151,734
Order Book Trades 3,941,105 7,683,985 3,120,646 6,491,586
February 2005 February 2004
DOMESTIC MARKET CAPITALISATION (£bn) 1,551 1,402
TOTAL NUMBER OF COMPANIES 2,865 2,673
UK list 1,454 1,539
Foreign 346 373
AIM 1,065 761
of which techMARK 165 176
2005 2004
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 447 459 62 146
Further, Rights and Other 131 293 246 1,234
Bonds, Warrants, Fixed Interest 10,285 21,465 4,441 21,050
Int. New Issues Equity 890 890 - -
Further, Rights and Other - 69 - 91
Bonds, Warrants, Fixed Interest 10,609 15,617 7,948 16,533
COMPANIES ADMITTED 52 74 11 22
This information is provided by RNS
The company news service from the London Stock Exchange
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