Market report - June 2005
London Stock Exchange Plc
11 July 2005
News Release
11 July 2005
MR48-06.05
MAIN MARKET HAS BEST MONTH FOR IPOS IN FOUR YEARS
June 2005 was the strongest month for IPOs on the Main Market of the London
Stock Exchange since 2001. There were 15 IPOs on the Main Market during June,
raising a total of £1.9 billion between them, the largest amount of money raised
by IPOs on the Main Market since July 2001 and the largest number of IPOs since
November 2000. AIM saw 36 IPOs during the month raising £552.8 million between
them.
International companies accounted for 10 of the 51 IPOs on the Exchange in June
2005: three of these were on the Main Market, seven were on AIM. Overall,
there were 82 new issues on the Exchange during June, the most for over eight
years.
Trading was also strong during June, with a total of 6.7 million equity trades
across the London Stock Exchange's markets, worth a total of £422.4 billion.
The average daily number of trades was 303,371, up 31 per cent on June 2004 and
the average daily value traded was £19.2 billion, up 12 per cent on the previous
year.
The total number of trades on SETS was up 30 per cent on June last year to 4.1
million trades. The total value traded on SETS was £82.3 billion, up 19 per
cent on June 2004. The average daily number of trades on SETS was 186,629, and
the average daily value traded was £3.7 billion.
Included in the SETS figures, SETSmm continued its trend of strong growth, with
an increase of 119 per cent in the number of trades to 562,843, up from 257,199
trades in June 2004. At the same time the total value traded in the month
increased by 91 per cent to £5.5 billion.
There were 22 business days in June 2005, the same number as in June 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 leading equity exchanges and an
international provider of services that facilitate the raising of capital and
the trading of shares and debt securities.
The London Stock Exchange is the most international equities exchange by trading
in the world and Europe's largest pool of liquidity. In 2004, 80% of all
European IPOs floated in London. 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.
Companies considering flotation have a choice of markets:
Main Market
The London Stock Exchange's Main Market for established companies seeking
international recognition is one of the world's best known, longest established
and most liquid markets. It is home to some of the world's most successful
companies, giving them access to one of the deepest pools of capital in the
world.
AIM
AIM is the London Stock Exchange's international market specifically designed
for smaller, growing companies, combining the benefits of a public flotation
with appropriate levels of regulation.
• IPO
An IPO or Initial Public Offering is when a new company joins one of our markets
and raises capital by issuing shares. This excludes transfers and introductions
(when companies join the market without raising money) but may include placings.
• Indices
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
• 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.
• 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
June 2005
2005 2004
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 195,320 1,197,271 184,841 1,200,654
Number of Equity Trades 5,058,618 30,362,749 4,193,717 26,825,791
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 227,126 1,262,839 191,731 1,215,149
Number of Equity Trades 1,615,535 7,941,156 891,822 5,729,425
ORDER BOOK TRADING
Order Book Value (£m) 82,346 475,437 69,082 444,514
Order Book Trades 4,105,846 24,341,767 3,163,980 19,497,790
June 2005 June 2004
DOMESTIC MARKET CAPITALISATION (£bn) 1,580 1,388
TOTAL NUMBER OF COMPANIES 2,994 2,722
Main Market UK 1,412 1,508
Main Market International 342 368
of which techMARK 152 178
AIM 1,240 846
2005 2004
MONEY RAISED (£m) Month Year to date Month Year to date
New equity issues: UK Main Market and 1,344 4,124 747 2,387
AIM
Further, Rights and Other 1,228 3,808 375 5,869
Bonds, Warrants, Fixed Interest 16,572 76,786 9,092 68,410
New equity issues: International Main 1,199 2,545 100 587
Market
Further, Rights and Other 75 218 - 122
Bonds, Warrants, Fixed Interest 21,787 63,956 9,254 55,357
COMPANIES ADMITTED 82 336 33 153
This information is provided by RNS
The company news service from the London Stock Exchange
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