Market Report - October 2003
London Stock Exchange Plc
10 November 2003
10 November 2003
MONTHLY MARKET REPORT FOR OCTOBER 2003
SETS TRADES CONTINUE TO GROW
The number of trades on SETS, the London Stock Exchange's electronic order book,
increased to 3.27 million in October 2003, a rise of 23 per cent on the number
of trades in October 2002. The value traded on SETS during the month was £73.0
billion, up from £62.2 billion in October 2002. The average daily number of
trades on SETS was 142,278, up from 116,144 in October 2002.
The total number of equity trades on the Exchange was 5.38 million in October
2003, up one per cent on October 2002, when there was a total of 5.34 million
equity trades. The total value of shares traded this October was £375 billion,
down from £387 billion in October 2002.
October saw the strongest month yet in trading of Covered Warrants, with 3,705
trades worth £21.7 million transacted.
On the primary market, there were 21 new issues during October 2003, ten of
which were IPOs: two on the UK Main Market, one on the international market and
seven on AIM, raising £1.04 billion between them. This compares with 18 new
issues, of which 5 were IPOs, in October 2002.
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 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 - when a new company joins our market raising money. This excludes
transfers and introductions (a company that joins a market without raising
money).
• Retail Trading Figures
Retail trading figures are available from our website at - http://
www.londonstockexchange.com/trading/retailtrade.asp
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
October 2003
2003 2002
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 200,299 1,560,049 154,036 1,550,645
Number of Equity Trades 4,598,411 38,591,365 3,813,602 31,235,934
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 174,450 1,455,336 232,906 2,424,621
Number of Equity Trades 778,646 8,411,086 1,526,571 12,939,069
ORDER BOOK TRADING
Order Book Value (£m) 73,007 599,074 62,178 571,952
Order Book Trades 3,272,393 27,412,245 2,671,306 19,489,634
October 2003 October 2002
DOMESTIC MARKET CAPITALISATION (£m) 1,324 1,178
TOTAL NUMBER OF COMPANIES 2,685 2,836
UK list 1,573 1,717
Foreign 390 422
AIM 722 697
of which techMARK 183 216
2003 2002
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 178 2,014 25 5,051
Further, Rights and Other 550 4,724 486 11,526
Bonds, Warrants, Fixed Interest 14,712 99,701 9,538 69,848
Int. New Issues Equity 869 969 - -
Further, Rights and Other 41 4,889 3,734 5,455
Bonds, Warrants, Fixed Interest 8,236 81,569 3,744 62,610
COMPANIES ADMITTED 21 141 18 198
This information is provided by RNS
The company news service from the London Stock Exchange
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