Market report - November 2005
London Stock Exchange Plc
12 December 2005
News Release
12 December 2005
MR53-11.05
SETS HEADS FOR RECORD £1 TRILLION VALUE TRADED IN 2005
2005 will be a record year for equity trading across the London Stock Exchange's
markets, with a year-to-date growth rate in the number of trades to November of
23 per cent, ahead of the 18 per cent five year CAGR (compound annual growth
rate) since 1999.
From January to the end of November 2005, there were 74.5 million trades. This
is over 8 million trades more than the total for the whole of 2004. The value
traded so far this year is £4.8 trillion, also exceeding the total for last
year.
Of these trades, a record 47.3 million trades were carried out on SETS, an
increase of 26 per cent on the number of trades from January to the end of
November 2004 and more than the total for the whole of last year by over six
million trades. The value traded on SETS this year to the end of November was
£970.2 billion, again higher than the total value traded on SETS during the
whole of last year.
During November, the total number of trades carried out on the Exchange
increased on November 2004 to 7.5 million - a 16 per cent increase on the
previous year. The total value traded was £511.8 billion, an increase of 13 per
cent on the total value traded during November 2004.
The value traded on SETS during the month increased 33 per cent on November 2004
to £104.4 billion. This was ahead of the 18 per cent rise in the number of SETS
trades, up to 4.7 million trades in November 2005, and reflected an increase in
the average value of a SETS trade, which rose to £22,000, up from £20,000 in
November last year. The average daily number of trades on SETS was 215,582, and
the average daily value traded was £4.7 billion.
ETFs had an excellent month, with the number of ETF trades up 39 per cent on
November last year to a record 13,631. The total value traded also reached a
new high, increasing 132 per cent to £1.3 billion. This included trading in ten
new ETFs which listed during the month. Trading in covered warrants also made
good progress, with the total number of trades reaching 6,975, and the value
traded up 20 per cent on November 2004 to £25.0 million.
There were nine IPOs on the Main Market during November 2005, raising £761
million between them. This included two IPOs from international companies.
There were 18 IPOs on AIM, raising £392 million between them.
There were 22 business days in November 2005, the same number as in November
2004.
- ends -
For further information, please contact:
Catherine Mattison Press Office +44 (0)20 7797 1222 newsroom@londonstockexchange.com
Notes to editors:
• About the London Stock Exchange
The London Stock Exchange is one of the world's foremost 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. In 2004, 80% of all
Western 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:
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.
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 largest and most
successful companies, giving them access to one of the deepest pools of capital
in the world.
Professional Securities Market
The Professional Securities Market was established in July 2005, to coincide
with the introduction of the FSA's new Listing Rules. PSM provides a solution
for those issuers seeking to list securities in London without having to
re-state their financial information to IFRS or follow the additional
requirements of an offering to retail investors. Debt securities or depository
receipts of any denomination may be listed on PSM on production of a prospectus
aimed at a wholesale or professional audience.
• 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
2005
2005 2004
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 242,646 2,309,634 198,771 2,144,478
Number of Equity Trades 5,799,298 58,066,641 5,106,586 49,516,404
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 269,203 2,447,081 255,939 2,192,600
Number of Equity Trades 1,700,787 16,450,234 1,359,986 11,028,601
ORDER BOOK TRADING
Order Book Value (£m) 104,364 970,220 78,677 813,896
Order Book Trades 4,742,794 47,258,350 4,013,822 37,358,565
November 2005 November 2004
DOMESTIC MARKET CAPITALISATION (£bn) 1,771 1,451
TOTAL NUMBER OF COMPANIES 3,045 2,802
Main Market UK 1,359 1,466
Main Market International 333 357
of which techMARK 148 167
AIM 1,351 979
Professional Securities Market (Equity only) 2 -
2005 2004
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: UK Main Market 614 4,892 386 3,298
New issues: International Main Market 147 3,897 110 772
New issues: AIM 460 4,443 217 2,243
Further issues: UK Main Market 1,098 8,201 237 8,520
Further issues: Main Market - 325 12 204
International
Further issues: AIM 189 1,982 375 1,585
PSM (new & further, UK & International) - 38 - -
COMPANIES ADMITTED 45 543 42 360
Debt Money Raised (£m)
Main Market UK 10,931 113,989 11,553 117,956
Main Market International 10,644 107,535 6,691 84,569
PSM ( PSM (UK & International) 2,407 19,346 - -
This information is provided by RNS
The company news service from the London Stock Exchange
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