Market Report - May 2005
London Stock Exchange Plc
09 June 2005
News Release
9 June 2005
MR47-05.05
SETSmm CONTRIBUTES TO GROWTH IN ORDER BOOK VOLUME DURING MAY
SETSmm, the London Stock Exchange's hybrid trading system, showed particularly
strong growth during May 2005. During the month, the average daily number of
order book trades increased by 110 per cent on May 2004 to 28,819 and the
average daily value traded increased 57 per cent to £251.6 million.
SETS overall accounted for a significant proportion of the growth in trading
activity during May with a total of 4,010,602 trades, an increase of 29 per cent
on the number of trades on SETS in May last year. The average daily number of
trades increased 23 per cent to 200,530. The total value traded on SETS for the
month was £73.0 billion, up 3 per cent on the total value traded on SETS during
the comparable period last year.
The total number of equity trades carried out across the Exchange during the
month was 6,206,471, up 25 per cent on the total number of trades carried out
during May last year. The average daily number of trades was up 19 per cent to
310,324 and the average daily value traded was £19.2 billion.
ETF trading also continued to grow, with the average daily value traded in ETFs
up 21 per cent on May 2004 to £30.1 million, and the average daily number of
trades up 14 per cent to 472.
The primary market saw a total of 28 IPOs. Of these, 5 were IPOs on the Main
Market, including one international company, raising a total of £805.8 million
between them. There were 23 IPOs on AIM during the month raising £328.6 million
between them.
There were 20 business days in May 2005, compared with 19 in May 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).
• 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
May 2005
2005 2004
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 179,110 1,001,951 189,621 1,015,814
Number of Equity Trades 4,863,644 25,304,131 4,085,434 22,632,074
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 204,162 1,035,713 199,065 1,023,417
Number of Equity Trades 1,342,827 6,325,621 881,289 4,837,603
ORDER BOOK TRADING
Order Book Value (£m) 73,050 393,091 71,022 375,432
Order Book Trades 4,010,602 20,235,921 3,107,728 16,333,810
May 2005 May 2004
DOMESTIC MARKET CAPITALISATION (£bn) 1,532 1,371
TOTAL NUMBER OF COMPANIES 2,953 2,711
Main Market UK 1,416 1,513
Main Market International 340 369
of which techMARK 156 177
AIM 1,197 829
2005 2004
MONEY RAISED (£m) Month Year to date Month Year to date
New equity issues: UK Main Market and 1,033 2,779 334 1,640
AIM
Further, Rights and Other 447 2,580 2,860 5,493
Bonds, Warrants, Fixed Interest 8,996 60,214 9,449 59,318
New equity issues: International Main 312 1,346 268 487
Market
Further, Rights and Other 75 143 11 122
Bonds, Warrants, Fixed Interest 9,599 42,169 12,086 46,103
COMPANIES ADMITTED 43 254 29 120
This information is provided by RNS
The company news service from the London Stock Exchange
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