Market report - October 2005
London Stock Exchange Plc
09 November 2005
News Release
9 November 2005
MR52-10.05
LONDON STOCK EXCHANGE SETS NEW TRADING RECORDS IN OCTOBER
New trading records were set across the London Stock Exchange's markets during
October 2005. The average daily number of equity trades carried out across the
Exchange was 357,658, bringing the total number of trades during the month to a
record 7.5 million, an increase of 30 per cent on the number of trades during
October last year. The average daily value traded was £22.8 billion, up 26 per
cent on October 2004, and the total value traded during the month was £478.7
billion.
The average daily value traded on SETS reached £5 billion for the first time, an
increase of 39 per cent on the average daily value traded during October 2004.
The average daily number of trades reached a new high of 228,793, an increase of
31 per cent on the same period last year. In total there were 4.8 million
trades on SETS during October 2005, worth £105.3 billion.
Included in the SETS figures, SETSmm and the International Order Book each
recorded their strongest month yet. There were 786,287 SETSmm trades, worth a
total of £6.9 billion and 39,795 trades on the International Order Book, worth
a total of £3.5 billion.
Trading in ETFs was strong, with the total number of ETF trades during October
2005 up 86 per cent on the previous year to 12,008, and the total value traded
up 226 per cent on the previous year to £1.1 billion.
The primary market also had a very good month in October, with a total of 32
IPOs raising just over £2.5 billion between them, the largest amount raised by
IPOs in a single month since February 2001. Of these, 10 IPOs were on the Main
Market, raising £2.0 billion between them, including three IPOs from
international companies. There were 20 IPOs on AIM during October, raising £507
million between them.
In addition, there were two IPOs on the Exchange's new Professional Securities
Market for wholesale securities. Electrosteel Castings Limited and Lloyd
Electric and Engineering, both from India, issued Global Depositary Receipts on
the PSM, raising £38 million between them.
There were 21 business days in October 2005, the same number as in October 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) 230,997 2,066,989 194,942 1,945,706
Number of Equity Trades 5,687,111 52,267,343 4,718,184 44,409,818
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 247,672 2,177,878 184,405 1,936,660
Number of Equity Trades 1,823,700 14,749,447 1,059,882 9,668,615
ORDER BOOK TRADING
Order Book Value (£m) 105,327 865,856 75,723 735,220
Order Book Trades 4,804,645 42,515,556 3,658,902 33,344,743
October 2005 October 2004
DOMESTIC MARKET CAPITALISATION (£bn) 1,718 1,430
TOTAL NUMBER OF COMPANIES 3,030 2,787
Main Market UK 1,362 1,472
Main Market International 334 357
of which techMARK 148 168
AIM 1,332 958
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 1,317 4,278 93 2,912
New issues: International Main Market 673 3,750 75 662
New issues: AIM 591 3,983 203 2,026
Further issues: UK Main Market 1,370 7,103 1,216 8,283
Further issues: Main Market International - 325 13 192
Further issues: AIM 232 1,793 120 1,211
PSM (new & further, UK & International) 38 38 - -
COMPANIES ADMITTED 40 498 43 318
Debt Money Raised (£m)
Main Market UK 11,582 103,097 10,283 106,402
Main Market International 9,949 99,293 5,258 77,878
PSM (UK & International) 885 16,939 - -
This information is provided by RNS
The company news service from the London Stock Exchange
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