Market report - June 2007
London Stock Exchange Group PLC
09 July 2007
News Release
9 July 2007
MR72-06.07
NEW RECORDS SET ON THE EXCHANGE'S MARKETS DURING JUNE
• Daily SETS trades reach 536,000
• IPO money raised up 52 per cent on first half of 2006
New trading records were reached across the London Stock Exchange's markets
during June. The average daily number of trades on SETS reached a record
535,578 trades per day, an increase of 62 per cent on June last year, while the
average daily value traded also reached its highest ever levels, growing 43 per
cent to £9.0 billion. In total, over 11.2 million trades were carried out on
SETS during the month, an increase of 55 per cent year on year, while the
overall value traded increased 37 per cent to £189.3 billion.
Included in the SETS totals, was another very strong month on SETSmm, with the
average daily value traded exceeding £1.0 billion for the first time, an
increase of 98 per cent on June 2006. Meanwhile, the average daily number of
trades during the month more than doubled to a record 147,383.
On the Exchange's International Order Book the average daily number of trades
grew 51 per cent to 4,749, and the average daily value traded increased 56 per
cent to a record £397.9 million. Over the same period, the average daily number
of ETF trades grew 118 per cent to 1,985, while the average daily value traded
in ETFs was up 102 per cent to £152.3 million.
During the month there were 12.3 million UK equity trades on the Exchange, an
increase of 52 per cent on June 2006, and the total value traded in UK equity
increased 37 per cent to £379.4 billion.
June was also an excellent month on the primary markets, with £3.0 billion
raised through IPOs across the Main Market, Professional Securities Market, and
AIM. During the month there were eight IPOs by UK companies, raising £924.8
million between them, and two international IPOs, raising £676.6 million between
them. One GDR issuer carried out an IPO on the Professional Securities Market,
raising £284.9 million. There were 25 IPOs on AIM during the month, which
raised a total of £1.2 billion.
June's IPO activity brought the total number of IPOs conducted on the Exchange's
markets this year to 137, and the total money raised via IPOs to £15.9 billion,
up 52 per cent on the first six months of 2006.
RNS, the Exchange's service for the dissemination of company news, issued 17,548
announcements during June, up 11 per cent on June last year. Of these, 36 per
cent, or 6,279 were news and results announcements, representing an 86 per cent
share of all such announcements made in the UK market.
There were 21 trading days during June, one fewer than in June the previous
year.
- 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 in the
world and Europe's largest pool of liquidity. By the end of 2006, the market
capitalisation of UK and international companies on the London Stock Exchange's
markets amounted to £4.4 trillion, with £6.7 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 an 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 order book continues to
go from strength to strength, compressing spreads and significantly improving
liquidity. SETS has recently delivered record increases in the number of orders
entered and executed as new technology improves efficiency and fuels growth.
• SETSmm
SETSmm is the Exchange's 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.
JUNE 2007
2007 2006
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 379,415 2,084,183 276,502 1,695,275
Number of Equity Trades 12,272,407 65,145,138 8,050,791 44,068,576
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 444,846 2,534,000 229,089 1,691,850
Number of Equity Trades 3,445,975 18,552,101 1,192,379 9,770,066
ORDER BOOK TRADING
Order Book Value (£m) 189,293 1,009,053 138,246 780,232
Order Book Trades 11,247,134 58,781,217 7,252,257 37,651,243
June 2007 June 2006
DOMESTIC MARKET CAPITALISATION (£bn) 2,122 1,885
TOTAL NUMBER OF COMPANIES 3,273 3,193
Main Market UK 1,264 1,312
Main Market International 326 321
of which techMARK 129 141
AIM 1,656 1,549
Professional Securities Market (Equity only) 27 11
2007 2006
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: Main Market UK 925 4,399 172 2,578
New issues: Main Market International 677 7,841 - 2,681
New issues: AIM 1,174 3,518 597 5,007
Further issues: Main Market UK 3.079 7,347 1,292 4,586
Further issues: Main Market International 17 527 3 665
Further issues: AIM 1,960 6,280 665 3,547
PSM (new & further, UK & International) 285 285 - 527
COMPANIES ADMITTED 55 201 42 286
Debt Money Raised (£m)
Main Market UK 29,405 95,116 13,648 68,849
Main Market International 19,105 145,904 11,686 102,994
PSM ( PSM (UK & International) 373 9,494 1,064 8,356
This information is provided by RNS
The company news service from the London Stock Exchange