Market Report - July 2003
London Stock Exchange Plc
08 August 2003
8 August 2003
MONTHLY MARKET REPORT FOR JULY 2003
SEASONALLY LIGHT TRADING IN JULY
The number of trades on SETS, the London Stock Exchange's electronic order book,
increased to 2.7 million in July 2003, marginally higher than the 2.63 million
trades in July 2002. The value traded on SETS during the month was £63.2
billion, down from £73.7 billion in July 2002. The average daily number of
trades on SETS was 118,783, up from 114,553 in July 2002.
The total number of equity trades on the Exchange was 4.81 million in July 2003.
This represents a 10 per cent decrease on July 2002, during which there was a
total of 5.32 million equity trades. The total value of shares traded this July
was £314 billion, down from £461 billion last July.
On the primary market, there were 18 new issues during July 2003, five of which
were IPOs: one on the Main Market (Yell Group) and four on AIM, raising £1.16
billion between them. This compares with 22 new issues, of which eight were
IPOs, in July 2002.
In its first full month of trading, 3.82 million contracts were traded on EDX
London. The most traded contract was the OMX Index, which accounted for 2.36
million contracts.
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 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).
• About EDX London:
EDX London commenced operations on 30 June. It is a Recognised Investment
Exchange, supervised by the FSA, which has been built on the foundations of the
securities derivatives business of the OM London Exchange (originally started in
1989). EDX London is jointly owned by the London Stock Exchange (76%) and OM AB
(24%) - combining the strength and liquidity of the London Stock Exchange with
the advanced equity derivatives technology of OM AB.
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
July 2003
2003 2002
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 163,703 1,019,290 188,229 1,115,452
Number of Equity Trades 3,942,702 26,114,062 3,894,264 21,100,516
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 150,565 986,316 272,960 1,824,718
Number of Equity Trades 869,821 6,165,819 1,428,206 9,043,061
ORDER BOOK TRADING
Order Book Value £m 63,182 404,580 73,718 401,639
Order Book Trades 2,732,000 18,738,257 2,634,718 12,440,657
July 2003 July 2002
DOMESTIC MARKET CAPITALISATION £bn 1,269 1,258
TOTAL NUMBER OF COMPANIES 2,711 2,881
UK list 1,610 1,770
Foreign 395 432
AIM 706 679
of which techMARK 193 229
2003 2002
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 1,170 1,747 387 4,974
Further, Rights and Other 264 2,415 2,316 9,419
Bonds, Warrants, Fixed Interest 14,450 69,392 8,287 52,339
Int. New Issues Equity - 100 - -
Further, Rights and Other 898 4,830 457 1,715
Bonds, Warrants, Fixed Interest 9,762 55,230 7,320 50,577
COMPANIES ADMITTED 18 84 22 145
This information is provided by RNS
The company news service from the London Stock Exchange
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