Market Report - January 2003

London Stock Exchange Plc
10 February 2003



10 February 2003



MONTHLY MARKET REPORT FOR JANUARY 2003


TOTAL NUMBER OF TRADES UP 17 PER CENT -
CONTINUED SETS GROWTH IN JANUARY


The total number of UK and international trades on the Exchange in January 2003
was 5.06 million, up 17 per cent from 4.33 million in January 2002.  The total
value of these trades was £325.9 billion, a 21 per cent decline over the
corresponding period last year.  The average daily number of UK and
international trades increased to 230,167 trades compared with 196,766 in
January 2002.  There were 22 business days in both January 2002 and 2003.



The total number of UK trades on the London Stock Exchange increased to 3.91
million in January 2003, up 38 per cent compared with 2.83 million in January
2002.  The value, however, decreased by three per cent to £148.7 billion, down
from £152.8 billion in January 2002.



In January the number of trades on SETS, the London Stock Exchange's electronic
order book, increased to 2.88 million trades compared with 1.57 million in
January 2002, a year on year increase of 83 per cent.  The value traded on SETS
increased by 14 per cent to £62.1 billion in 2003, from £54.5 billion in January
2002.



The average daily number of trades on SETS was 130,806, up from 71,547 in
January 2002.  SETS achieved a 66.9 per cent share of eligible trades in January
2003, compared with 60.9 per cent in January 2002.



On the primary market there were 14 new issues during January 2003, 4 of which
were IPOs, 2 on the Main Market and 2 on AIM, raising £17 million between them.
This compares with 6 IPOs in January 2002 - 3 on the Main Market, 3 on AIM,
which raised £69 million.



                                    - Ends -



For further information, please contact:

Tiffany Hardie-Evans                        Press Office   [phone]




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 five 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.



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
[e-mail]



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



January 2003


                                                        2003                              2002
DOMESTIC EQUITY TRADING                          Month   Year to date              Month   Year to date

Equity Trading Value (£m)                      148,712        148,712            152,807        152,807
Number of Equity Trades                      3,907,217      3,907,217          2,832,929      2,832,929


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                      177,146        177,146            261,400        261,400
Number of Equity Trades                      1,156,449      1,156,449          1,495,915      1,495,915




ORDER BOOK TRADING

Order Book Value £m                              62,147          62,147           54,523          54,523
Order Book Trades                             2,877,723       2,877,723        1,574,044       1,574,044


                                                       January 2003             January 2002

DOMESTIC MARKET CAPITALISATION £bn                                    1,055                       1,521

TOTAL NUMBER OF COMPANIES                                             2,815                       2,881
UK list                                                1,694                    1,799
Foreign                                                416                      448
AIM                                                    705                      634
of which techMARK                                      209                      240




                                                       2003                            2002
MONEY RAISED £m                                 Month    Year to date          Month    Year to date

UK & AIM New Issues Equity                         26              26             71              71
Further, Rights and Other                         170             170            227             227
Bonds, Warrants, Fixed Interest                 5,680           5,680          4,804           4,804
Int. New Issues Equity                              0               0              0               0
Further, Rights and Other                           0               0             40              40
Bonds, Warrants, Fixed Interest                 9,064           9,064          5,301           5,301


COMPANIES ADMITTED                                 14              14             21              21








                      This information is provided by RNS
            The company news service from the London Stock Exchange