Market Report - June 2003
London Stock Exchange Plc
08 July 2003
8 July 2003
MONTHLY MARKET REPORT FOR JUNE 2003
NUMBER OF TRADES CONTINUE TO RISE
The number of trades on SETS(TM) , the London Stock Exchange's electronic order
book, increased to 2.66 million in June 2003, 44 per cent higher than the 1.84
million trades in June 2002. The value traded on SETS increased by nine per
cent to £58.5 billion in June 2003, up from £53.7 billion in June 2002. The
average daily number of trades on SETS was 23 per cent higher at 126,466, up
from 102,421 in June 2002.
The total number of equity trades on the Exchange in June 2003 was 4.69 million,
up from 3.98 million in June 2002. The average daily number of trades was
223,115 in June 2003, up from 221,312 in June 2002, an increase of one per cent.
The average daily value of these trades decreased from £22.8 billion in June
2002 to £15.0 billion in June 2003. There were 21 business days in June 2003
compared with 18 in June 2002.
On the primary market, there were 13 new issues during June 2003, four of which
were IPOs: two on the Main Market (Sondex and Benfield Group) and two on AIM
(Faroe Petroleum and African Eagle Resources), raising £143 million between
them. This compares with 20 new issues, of which 13 were IPOs in June 2002.
The Exchange reported a record 2,878 trades on its covered warrants market in
June 2003, 6.3 per cent higher than the previous record in March 2003, when
there were 2,708 trades. The total value of these trades was £7.84 million.
There are now 448 warrants available on the Exchange issued by Goldman Sachs
International, JP Morgan, SG and TradingLab.
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).
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
June 2003
2003 2002
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 160,389 855,587 145,004 927,223
Number of Equity Trades 3,848,698 22,171,360 2,792,245 17,206,252
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 155,562 835,751 265,517 1,551,759
Number of Equity Trades 836,724 5,295,998 1,191,362 7,614,855
ORDER BOOK TRADING
Order Book Value £m 58,503 341,398 53,710 327,921
Order Book Trades 2,655,783 16,006,257 1,843,570 9,805,939
June 2003 June 2002
DOMESTIC MARKET CAPITALISATION 1,221 1,389
£bn
TOTAL NUMBER OF COMPANIES 2,727 2,891
UK list 1,627 1,784
Foreign 399 434
AIM 701 673
of which techMARK 198 234
2003 2002
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 53 577 1,262 4,587
Further, Rights and Other 297 2,151 509 7,103
Bonds, Warrants, Fixed Interest 11,881 54,941 10,241 44,051
Int. New Issues Equity 100 100 - -
Further, Rights and Other 24 3,931 - 1,258
Bonds, Warrants, Fixed Interest 8,379 45,468 6,459 43,257
COMPANIES ADMITTED 13 66 20 123
This information is provided by RNS
The company news service from the London Stock Exchange DW
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