Market Report September 2006
London Stock Exchange Group PLC
10 October 2006
News Release
10 October 2006
MR63-9.06
SEPTEMBER SETS TRADES UP 52 PER CENT
• Rate of growth in SETS trades has nearly doubled since last year
During September 2006 the average daily number of trades on SETS increased 52
per cent on September 2005 to 313,188 trades. This is nearly double the 27 per
cent growth between September 2004 and September 2005. The acceleration in
trading continues to reflect the secular shift in equity trading which is being
facilitated by the roll-out of TRM, the Exchange's next generation technology
platform.
In total there were 6.6 million trades on SETS during September 2006. The total
value traded was £120.8 billion, reflecting a 29 per cent increase in the
average daily value traded during the same period last year to £5.8 billion.
Included within the SETS figures, SETSmm had another very strong month. The
average daily number of trades increased 103 per cent on September last year to
69,327, while the average daily value traded increased 79 per cent to £530.4
million
The International Order Book also had another very good month, with an 81 per
cent increase in the average daily value traded to £231.6 million, and an
increase of 58 per cent in the average daily number of trades.
The total number of UK trades was up 42 per cent on September last year, to an
average of 352,115 trades per day, while the value traded in UK equities
increased 18 per cent to £11.7 billion.
The total number of trades in ETFs increased 72 per cent year on year to an
average 797 trades daily, while the average daily value traded increased 65 per
cent to £53.2 million, or a total of £1.1 billion for the month as a whole.
There were two IPOs on the Main Market during September, which raised £292.0
million between them. There were 12 IPOs on AIM, raising £283.2 million between
them, including two IPOs by international companies, which raised a total of
£153.6 million.
RNS, the Exchange's service for the dissemination of company news, transmitted
13,672 announcements during September. This total included 1,045 results
announcements, the first time more than a thousand results announcements have
been transmitted by RNS in a single month.
There were 21 trading days in September 2006, one fewer than in September 2005.
- 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 the world's premier international equity exchange
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 2005, the
market capitalisation of UK and international companies on the London Stock
Exchange's markets amounted to £4.1 trillion, with £5.2 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 eight 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.
• International Order Book (IOB)
The IOB is the Exchange's order book for the trading of international Depositary
Receipts, negotiable certificates which represent ownership of a given number of
a company's shares and can be listed and traded independently from the
underlying shares.
• 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
2006
September 2006 September 2005
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 246,204 2,384,016 217,841 1,835,991
Number of Equity Trades 7,394,423 65,398,496 5,458,724 46,580,232
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 287,015 2,482,795 254,890 1,930,206
Number of Equity Trades 1,879,459 15,282,634 1,727,236 12,925,747
ORDER BOOK TRADING
Order Book Value (£m) 120,780 1,119,456 97,899 760,528
Order Book Trades 6,576,945 56,694,220 4,524,564 37,710,911
September 2006 September 2005
DOMESTIC MARKET CAPITALISATION (£bn) 1,916 1,766
TOTAL NUMBER OF COMPANIES 3,212 3,013
Main Market UK 1,292 1,368
Main Market International 315 334
of which techMARK 141 148
AIM 1,590 1,311
Professional Securities Market (Equity only) 15 -
September 2006 September 2005
MONEY RAISED (£m) Month Year to Month Year to date
date
Equity Money Raised:
New issues: Main Market UK 292 5,858 - 3,003
New issues: Main Market International - 6,575 - 3,077
New issues: AIM 343 6,344 394 3,392
Further issues: Main Market UK 1,001 9,847 816 5,690
Further issues: Main Market
International - 1,243 - 325
Further issues: AIM 81 3,994 79 1,561
PSM (new & further, UK & International) - 527 - -
COMPANIES ADMITTED 37 395 34 458
Debt Money Raised (£m)
Main Market UK 21,148 106,522 15,042 97,795
Main Market International 23,031 142,568 20,386 99,903
PSM ( PSM (UK & International) 120 9,274 - -
This information is provided by RNS
The company news service from the London Stock Exchange
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