Market Report - January 2003
London Stock Exchange Plc
10 February 2003
10 February 2003
MONTHLY MARKET REPORT FOR JANUARY 2003
TOTAL NUMBER OF TRADES UP 17 PER CENT -
CONTINUED SETS GROWTH IN JANUARY
The total number of UK and international trades on the Exchange in January 2003
was 5.06 million, up 17 per cent from 4.33 million in January 2002. The total
value of these trades was £325.9 billion, a 21 per cent decline over the
corresponding period last year. The average daily number of UK and
international trades increased to 230,167 trades compared with 196,766 in
January 2002. There were 22 business days in both January 2002 and 2003.
The total number of UK trades on the London Stock Exchange increased to 3.91
million in January 2003, up 38 per cent compared with 2.83 million in January
2002. The value, however, decreased by three per cent to £148.7 billion, down
from £152.8 billion in January 2002.
In January the number of trades on SETS, the London Stock Exchange's electronic
order book, increased to 2.88 million trades compared with 1.57 million in
January 2002, a year on year increase of 83 per cent. The value traded on SETS
increased by 14 per cent to £62.1 billion in 2003, from £54.5 billion in January
2002.
The average daily number of trades on SETS was 130,806, up from 71,547 in
January 2002. SETS achieved a 66.9 per cent share of eligible trades in January
2003, compared with 60.9 per cent in January 2002.
On the primary market there were 14 new issues during January 2003, 4 of which
were IPOs, 2 on the Main Market and 2 on AIM, raising £17 million between them.
This compares with 6 IPOs in January 2002 - 3 on the Main Market, 3 on AIM,
which raised £69 million.
- Ends -
For further information, please contact:
Tiffany Hardie-Evans 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 2002, the
market capitalisation of UK and international companies on its markets amounted
to £3.1 trillion, with £4.6 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 now five 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.
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).
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
January 2003
2003 2002
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 148,712 148,712 152,807 152,807
Number of Equity Trades 3,907,217 3,907,217 2,832,929 2,832,929
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 177,146 177,146 261,400 261,400
Number of Equity Trades 1,156,449 1,156,449 1,495,915 1,495,915
ORDER BOOK TRADING
Order Book Value £m 62,147 62,147 54,523 54,523
Order Book Trades 2,877,723 2,877,723 1,574,044 1,574,044
January 2003 January 2002
DOMESTIC MARKET CAPITALISATION £bn 1,055 1,521
TOTAL NUMBER OF COMPANIES 2,815 2,881
UK list 1,694 1,799
Foreign 416 448
AIM 705 634
of which techMARK 209 240
2003 2002
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 26 26 71 71
Further, Rights and Other 170 170 227 227
Bonds, Warrants, Fixed Interest 5,680 5,680 4,804 4,804
Int. New Issues Equity 0 0 0 0
Further, Rights and Other 0 0 40 40
Bonds, Warrants, Fixed Interest 9,064 9,064 5,301 5,301
COMPANIES ADMITTED 14 14 21 21
This information is provided by RNS
The company news service from the London Stock Exchange
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