Market Report - July 2003

London Stock Exchange Plc
08 August 2003


8 August 2003
MONTHLY MARKET REPORT FOR JULY 2003

                      SEASONALLY LIGHT TRADING IN JULY

The number of trades on SETS, the London Stock Exchange's electronic order book,
increased to 2.7 million in July 2003, marginally higher than the 2.63 million
trades in July 2002.  The value traded on SETS during the month was £63.2
billion, down from £73.7 billion in July 2002.  The average daily number of
trades on SETS was 118,783, up from 114,553 in July 2002.


The total number of equity trades on the Exchange was 4.81 million in July 2003.
This represents a 10 per cent decrease on July 2002, during which there was a
total of 5.32 million equity trades.  The total value of shares traded this July
was £314 billion, down from £461 billion last July.


On the primary market, there were 18 new issues during July 2003, five of which
were IPOs: one on the Main Market (Yell Group) and four on AIM, raising £1.16
billion between them.  This compares with 22 new issues, of which eight were
IPOs, in July 2002.


In its first full month of trading, 3.82 million contracts were traded on EDX
London.  The most traded contract was the OMX Index, which accounted for 2.36
million contracts.


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 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
[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).


•       About EDX London:

EDX London commenced operations on 30 June.  It is a Recognised Investment
Exchange, supervised by the FSA, which has been built on the foundations of the
securities derivatives business of the OM London Exchange (originally started in
1989). EDX London is jointly owned by the London Stock Exchange (76%) and OM AB
(24%) - combining the strength and liquidity of the London Stock Exchange with
the advanced equity derivatives technology of OM AB.


LONDON STOCK EXCHANGE

MONTHLY FACTSHEET FIGURES

July 2003

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

Equity Trading Value (£m)                    163,703       1,019,290          188,229       1,115,452
Number of Equity Trades                    3,942,702      26,114,062        3,894,264      21,100,516


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    150,565         986,316          272,960       1,824,718
Number of Equity Trades                      869,821       6,165,819        1,428,206       9,043,061


ORDER BOOK TRADING

Order Book Value £m                              63,182         404,580           73,718         401,639
Order Book Trades                             2,732,000      18,738,257        2,634,718      12,440,657


                                                       July 2003                July 2002

DOMESTIC MARKET CAPITALISATION £bn                                    1,269                       1,258

TOTAL NUMBER OF COMPANIES                                             2,711                       2,881
UK list                                                1,610                    1,770
Foreign                                                395                      432
AIM                                                    706                      679
of which techMARK                                      193                      229



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

UK & AIM New Issues Equity                      1,170           1,747            387           4,974
Further, Rights and Other                         264           2,415          2,316           9,419
Bonds, Warrants, Fixed Interest                14,450          69,392          8,287          52,339
Int. New Issues Equity                              -             100              -               -
Further, Rights and Other                         898           4,830            457           1,715
Bonds, Warrants, Fixed Interest                 9,762          55,230          7,320          50,577

COMPANIES ADMITTED                                 18              84             22             145

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