Market Report - Nov 2001

London Stock Exchange Plc
10 December 2001



10 December 2001

MONTHLY MARKET REPORT FOR NOVEMBER 2001



  * HIGH LEVELS OF TRADING ACTIVITY SET FIVE NEW RECORDS
  * VOLUMES DRIVEN BY INCREASED BUSINESS ON SETS

Trading volumes on London Stock Exchange markets set new records in November:

  * A record 62.2 billion UK shares were traded in November across all
    markets, up 58 per cent on the same month last year when 39.4 billion
    shares were traded. The previous record was in October 2001 when 59.6
    billion UK shares were traded.
  * A record number of trades was recorded in November: a total of 5.12
    million trades in UK and international equities, compared with the
    previous record in October 2001 of 5.03 million.

SETS, the electronic order book, is now central to share trading in the UK.
Its continuing success and popularity drove the record-breaking market volumes
in November. Business on SETS was up 136 per cent year on year (1,957,801 SETS
trades in November 2001 compared with 828,541 in November 2000). The high
level of trading on SETS broke three more records:

  * For the third consecutive month and the seventh time this year a record
    number of trades was executed on SETS, 2.0 million trades in November
    compared with the previous record in October 2001 of 1.8 million trades.
  * A record value was traded on SETS - £62.6 billion, compared with the
    previous record in January 2001 of £60.6bn.
  * The busiest ever closing auction on SETS was recorded on 30 November. A
    value of £883.3 million was traded in the closing auction, beating the
    previous record of £524.3 million on 15 June 2001 by 68 per cent.

There were 8 IPOs during November 2001. The Exchange's markets account for 59
per cent of the total number of IPOs on western European markets in 2001.

                                   - ends -

For further information, please contact:

Ian Campbell   Press Office   [phone]

[e-mail]

Notes to editors:

  * 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

  * The closing auction in SETS stocks allows maximum trading at the
    'closing price' for market participants. It also forms effective prices
    for the following morning's open. On 30 November, in the 18 minute closing
    auction, 203.2 million shares were traded. This represented a value traded
    of £883.3 million - equivalent to almost £50 million per minute. (Previous
    closing auction record: £524.3 million on 15 June 2001).
  * The Exchange's main market and AIM accounted for 59 per cent of all IPOs
    in western Europe during the period 1 January - 31 October 2001. Source:
    London Stock Exchange, Thomson Financial and individual exchange websites.


LONDON STOCK EXCHANGE

MONTHLY FACTSHEET FIGURES

November 2001
                                       2001                       2000
DOMESTIC EQUITY TRADING            Month Year to date        Month Year to date
Equity Trading Value (£m)        177,864    1,785,493      151,081    1,766,575
Number of Equity Trades        3,416,664   29,836,562    2,457,149   27,541,707

INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m)        252,409    3,458,667      280,945    3,272,790
Number of Equity Trades        1,705,819   16,089,248    1,095,476   10,325,506


                                     November 2001           November 2000
DOMESTIC MARKET CAPITALISATION £bn            1,529                       1,776

TOTAL NUMBER OF COMPANIES                     2,882                       2,917
                                     
        UK list                      1,813               1,907
                                      
        Foreign                      457                 501
                                      
        AIM                          612                 509
                                       
        techMARK                     246                 245

                                            2001                    2000
MONEY RAISED £m                      Month  Year to date     Month Year to date
UK & AIM New Issues Equity              66         6,392     1,008       12,178
                                       
        Further, Rights and            474        14,675     1,254       14,981
        Other
                                      
        Bonds and Warrants           9,373        75,026     6,797       88,295

Int. New Issues Equity                   -         3,292        30        5,360
                                       
        Further, Rights and            178         1,766     3,566        4,602
        Other
                                     
        Bonds and Warrants           7,167        76,926     6,029       80,131


COMPANIES ADMITTED IN MONTH             18           268        49          442


INDICES PERFORMANCE   Month Close            Mvt in Month           Mvt in Year
FTSE100                   5,203.6                     +3%                  -16%
FTSE All Share            2,514.1                     +4%                  -16%
FTSE techMARK 100         1,501.9                    +10%                  -41%
FTSE AIM                    896.1                     +5%                  -38%