Market Report - Sept 2002
London Stock Exchange Plc
09 October 2002
9 October 2002
MONTHLY MARKET REPORT FOR SEPTEMBER 2002
SETS VOLUMES CONTINUE TO RISE IN SEPTEMBER 2002
The number of trades on SETSTM, the Exchange's electronic order book, increased
52 per cent in September 2002 to 2.3 million trades compared with 1.5 million in
September 2001. However, the value traded on SETS decreased by three per cent,
from £59.8 billion in September 2001 to £58.1 billion in 2002. The SETS market
share was 65 per cent in September 2002, compared with 63 per cent in September
2001.
The average daily number of trades on SETS rose to 111,612 in September 2002, up
45 per cent on 77,178 in September 2001. There were 21 trading days in
September 2002 compared with 20 days in September 2001.
The average daily number of UK and international trades on the Exchange rose
slightly from 217,541 in September 2001 to 218,331 in September 2002.
There were 14 new issues during the month, of which 3 were IPOs (1 Main Market
and 2 AIM), raising £22.4 million (September 2001: £75.3m).
- ends -
For further information, please contact:
Tiffany Hardie-Evans Press Office +44 (0)20 7797 1222
thardie-evans@londonstockexchange.com
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 2001, the
market capitalisation of UK and international companies on its markets amounted
to £4.1 trillion, with over £5.6 trillion of 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 over four years since the launch of SETS and the service continues to
go from strength to strength. Overall, the market is benefiting from tighter
spreads, greater liquidity and lower execution costs. 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. For more
information see our publication: "SETS - four years on" available at
www.londonstockexchange.com/trading/pdfs/sets4years.pdf
• Settlement netting
Settlement netting, combined with the other automated features used in SETS
trading, now provides a highly efficient straight through processing function
for the Exchange's customers.
Settlement netting was introduced on 1st July 2002. Previously traders had to
settle every trade executed individually. With netting all executions in a
single stock are netted together to give a single settlement at the end of each
day.
• 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).
LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES
September 2002
2002 2001
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 150,069 1,396,609 157,646 1,445,640
Number of Equity Trades 3,327,307 27,422,332 2,724,329 23,268,878
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 192,176 2,191,714 275,123 2,937,122
Number of Equity Trades 1,257,650 11,412,498 1,626,499 12,502,093
ORDER BOOK TRADING
Order Book Value £m 58,121 509,774 59,849 487,117
Order Book Trades 2,343,853 16,818,328 1,543,557 10,671,535
September 2002 September 2001
DOMESTIC MARKET CAPITALISATION £bn 1,105 1,448
TOTAL NUMBER OF COMPANIES 2,849 2,919
UK list 1,738 1,844
Foreign 425 469
AIM 686 606
of which techMARK 220 246
2002 2001
MONEY RAISED £m Month Year to date Month Year to date
UK & AIM New Issues Equity 24 5,026 88 6,245
Further, Rights and Other 1,090 11,040 142 12,233
Bonds, Warrants, Fixed Interest 6,168 60,310 3,726 60,648
Int. New Issues Equity - - - 3,292
Further, Rights and Other 4 1,721 64 1,409
Bonds, Warrants, Fixed Interest 5,360 58,866 5,804 65,728
COMPANIES ADMITTED 14 180 15 237
This information is provided by RNS
The company news service from the London Stock Exchange
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