Market report - June 2004
London Stock Exchange Plc
09 July 2004
News Release
09 July 2004
MR36-06.04
SETS VOLUMES CONTINUE TO RISE
The average daily number of trades on SETS, the London Stock Exchange's
electronic order book, was 143,817 in June 2004, an increase of 14 per cent on
the daily average for the same month last year. During the same period, the
average daily value traded on the order book rose 13 per cent to £3.1 billion.
The value of an average SETS trade remained broadly unchanged at £21,834, as did
the number of trades required to fill an order, which averaged 1.63.
The total number of trades on SETS during the month was up 19 per cent at
3,163,980, while the total value traded increased 18 per cent on the previous
year to £69.1 billion.
Overall there were 4.19 million UK equity trades on the Exchange, an increase of
nine per cent on last June. The value traded also rose 15 per cent to £184.8
billion, up from £160.4 billion in June 2003.
There were 40,802 trades made on the Exchange's International Order Book, worth
a total of $11.4 billion. Russian securities accounted for over half of the
transactions, with 25,054 trades worth a total of $5.9 billion.
There were 10,616 ETF trades on the Exchange during June 2004, the busiest month
since the ETFs were launched in April 2000. The value of ETFs traded amounted
to £409 million. There was also an increase in the value of covered warrants
traded, which amounted to £10 million for the month, up from £7.84 million
traded in June 2003.
There were 33 new issues on the primary market in June, raising £846.9 million
between them. All six of the new issues on the main market were IPOs, including
one international IPO. There were 27 new issues on AIM, including 17 IPOs.
There were 22 business days in June 2004, compared with 21 in June 2003.
- 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 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 -
www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
June 2004
2004 2003
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 184,841 1,200,654 160,389 855,587
Number of Equity Trades 4,193,717 26,825,791 3,848,698 22,171,360
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 191,731 1,215,149 155,562 835,751
Number of Equity Trades 891,822 5,729,425 836,724 5,295,998
ORDER BOOK TRADING
Order Book Value (£m) 69,082 444,514 58,503 341,398
Order Book Trades 3,163,980 19,497,790 2,655,783 16,006,257
June 2004 June 2003
DOMESTIC MARKET CAPITALISATION (£bn) 1,388 1,221
TOTAL NUMBER OF COMPANIES 2,722 2,727
UK list 1,508 1,627
Foreign 368 399
AIM 846 701
of which techMARK 178 198
2004 2003
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 747 2,387 53 577
Further, Rights and Other 375 5,869 297 2,151
Bonds, Warrants, Fixed Interest 9,092 68,410 11,881 54,941
Int. New Issues Equity 100 587 100 100
Further, Rights and Other - 122 24 3,931
Bonds, Warrants, Fixed Interest 9,254 55,357 8,379 45,468
COMPANIES ADMITTED 33 153 13 66
This information is provided by RNS
The company news service from the London Stock Exchange
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