Market report - Oct 2004
London Stock Exchange Plc
09 November 2004
News Release
9 November 2004
MR40-10.04
STRONG ORDER BOOK TRADING DURING OCTOBER
The average daily value traded on SETS, the London Stock Exchange's electronic
order book, was £3.6 billion during October 2004, up 14 per cent on the same
month last year. The total number of trades on SETS during the month was a
record 3,658,902, whilst the value traded during the month increased 4 per cent
on the previous year to £75.7 billion. This was achieved in just 21 trading
days in October 2004, compared with 23 in October 2003.
SETSmm, the Exchange's hybrid trading service, marked the completion of its
first full year of trading with a record 341,351 trades on the order book during
October, worth £3.6 billion. Excluding the 22 stocks which listed after the
launch of the platform, there were a total of 433,803 trades in SETSmm stocks
during the month, worth a total of £12.1 billion. This was a 150 per cent
increase in the number of trades and a 15 per cent increase on the value traded
in the same stocks in October 2003, prior to the introduction of SETSmm.
The average daily value traded in UK and international equity across the London
Stock Exchange during the month was £18.1 billion, up 11 per cent on the average
daily value traded in October 2003. In total there were 5,778,066 UK and
international equity trades during October with a value of £379.3 billion.
The average daily value traded in ETFs on the Exchange during October was £15.86
million, an increase of 25 per cent on October 2003. There were 6,454 ETF
trades during the month with a total value of £333.1 million. These figures
included one week's trading data for the iShares FTSE/ Xinhua China 25 ETF,
which began trading on 25 October.
On the primary market there were 43 new issues raising £371.1 million. The Main
Market saw six IPOs: five UK companies raising £92.8 million between them; and
one international company raising £75.4 million. There were 22 IPOs on AIM,
raising a total of £189.0 million between them, and one transfer from AIM to the
Main Market.
These figures bring the total number of new issues on the Main Market this
calendar year to 47, raising a total of £3.6 billion. Of these new issues 35
were IPOs. On AIM there have been 271 new issues this year, including 179 IPOs.
New issues on AIM this year have raised a total of £2.0 billion.
- 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 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. By the end of
2003, the market capitalisation of UK and international companies on the
London Stock Exchange's 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
An IPO or Initial Public Offering is when a new company joins our market
and raises capital by issuing shares. This excludes transfers and
introductions (when companies join the market without raising money).
• 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
October 2004
2004 2003
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 194,942 1,945,706 200,299 1,560,049
Number of Equity Trades 4,718,184 44,409,818 4,598,411 38,591,365
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 184,405 1,936,660 174,450 1,455,336
Number of Equity Trades 1,059,882 9,668,615 778,646 8,411,086
ORDER BOOK TRADING
Order Book Value (£m) 75,723 735,220 73,007 599,074
Order Book Trades 3,658,902 33,344,743 3,272,393 27,412,245
August 2004 August 2003
DOMESTIC MARKET CAPITALISATION (£bn) 1,430 1,323
TOTAL NUMBER OF COMPANIES 2,787 2,685
UK list 1,472 1,573
Foreign 357 390
AIM 958 722
of which techMARK 168 183
2004 2003
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 296 4,938 178 2,014
Further, Rights and Other 1,336 8,719 550 4,724
Bonds, Warrants, Fixed Interest 10,284 107,177 14,712 99,701
Int. New Issues Equity 75 662 869 969
Further, Rights and Other 13 192 41 4,889
Bonds, Warrants, Fixed Interest 5,258 77,878 8,236 81,569
COMPANIES ADMITTED 43 318 21 141
This information is provided by RNS
The company news service from the London Stock Exchange
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