Market Report - May 2003
London Stock Exchange Plc
09 June 2003
9 June 2003
MONTHLY MARKET REPORT FOR MAY 2003
SETS VOLUMES CONTINUE TO RISE
The number of trades on SETS(TM), the London Stock Exchange's electronic order
book, increased to 2.53 million in May 2003, 47 per cent higher than the 1.72
million trades in May 2002. The value traded on SETS decreased by six per cent
to £55.5 billion in May 2003, down from £59.2 billion in May 2002. There were
20 business days in May 2003 compared with 22 in May 2002.
The average daily number of trades on SETS was 62 per cent higher at 126,328, up
from 78,123 in May 2002. SETS achieved a 64.4 per cent share of eligible trades
by value in May 2003, compared with 59.8 per cent in May 2002.
The total number of UK and international trades on the Exchange in May 2003 was
4.43 million, up from 4.22 million in May 2002. The average daily number of
trades was 221,463 in May 2003, up from 191,916 in May 2002, an increase of 15
per cent. The average daily value of these trades decreased from £20.3 billion
in May 2002 to £13.9 billion in May 2003.
On the primary market there were 11 new issues during May 2003, 3 of which were
IPOs on AIM, raising £398 million between them. This compares with 19 IPOs in
May 2002 - 6 on the Main Market and 13 on AIM. Northumbrian Water Group Plc
joined AIM on 23 May 2003, raising £389 million and becoming the biggest IPO in
AIM's history.
- 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 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
May 2003
2003 2002
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 143,296 695,197 168,076 782,218
Number of Equity Trades 3,612,087 18,322,662 2,997,152 14,414,007
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 134,345 680,189 278,900 1,286,242
Number of Equity Trades 817,172 4,459,274 1,224,989 6,423,493
ORDER BOOK TRADING
Order Book Value £m 55,525 282,895 59,199 274,211
Order Book Trades 2,526,556 13,350,474 1,718,696 7,962,369
May 2003 May 2002
DOMESTIC MARKET CAPITALISATION £bn 1,217 1,523
TOTAL NUMBER OF COMPANIES 2,736 2,890
UK list 1,637 1,788
Foreign 401 439
AIM 698 663
of which techMARK 201 235
2003 2002
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 414 523 1,388 3,325
Further, Rights and Other 1,144 1,854 819 6,594
Bonds, Warrants, Fixed Interest 7,439 43,061 5,746 33,811
Int. New Issues Equity - - - -
Further, Rights and Other - 3,908 10 1,258
Bonds, Warrants, Fixed Interest 5,188 37,089 11,705 36,803
COMPANIES ADMITTED 11 53 30 103
This information is provided by RNS
The company news service from the London Stock Exchange
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