Market Report - Nov 2002

London Stock Exchange Plc
09 December 2002


9 December 2002


MONTHLY MARKET REPORT FOR NOVEMBER 2002


SETS VOLUMES CONTINUE TO RISE IN NOVEMBER 2002


The number of trades on SETS, the London Stock Exchange's electronic order book,
increased 21 per cent in November 2002 to 2.38 million trades compared with 1.96
million in November 2001.  The average daily number of trades on SETS increased
from 88,991 trades in November 2001 to 113,122 trades in November 2002, an
increase of 27 per cent.  However, the value traded on SETS decreased by seven
per cent, from £62.6 billion in November 2001 to £58.4 billion in 2002.  There
were 21 trading days in November 2002 compared with 22 in November 2001.


The average daily number of UK and international trades on the Exchange
decreased four per cent, from 232,840 in November 2001 to 222,793 in November
2002.


On the primary market there were 13 new issues during November 2002, 2 of which
were IPOs, 1 on the Main Market and 1 on AIM, raising £153 million between them.
(November 2001: 8 IPOs - 2 on the Main Market, 6 on AIM, together raising
£30.71 million).


Covered warrants were offered for the first time through the London Stock
Exchange on Monday 28 October 2002.  During the first five weeks of trading,
there were 899 trades at a value of £3.05 million.  A total of 253 warrants were
issued to the end of November 2002, between four issuers - Goldman Sachs
International, JP Morgan, SG and TradingLab.

Covered warrants are now available on some of the UK's leading companies and
international indices.  These include BP, GlaxoSmithKline and Vodafone, as well
as the FTSE100, NASDAQ100 and Dow Jones Industrial Average indices.


                                    - 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 2001, the
market capitalisation of UK and international companies on its markets amounted
to £4.1 trillion, with over £5.6 trillion of 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



November 2002


                                                    2002                             2001
DOMESTIC EQUITY TRADING                        Month    Year to date            Month    Year to date

Equity Trading Value (£m)                    158,455       1,709,100          177,864       1,785,493
Number of Equity Trades                    3,460,525      34,696,459        3,416,664      29,836,562


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    203,288       2,627,909          252,409       3,458,667
Number of Equity Trades                    1,218,146      14,157,215        1,705,819      16,089,248




ORDER BOOK TRADING

Order Book Value £m                              58,383         630,335           62,628         609,411
Order Book Trades                             2,375,552      21,865,186        1,957,801      14,434,759


                                                       November 2002            November 2001

DOMESTIC MARKET CAPITALISATION £bn                                    1,225                       1,529

TOTAL NUMBER OF COMPANIES                                             2,828                       2,882
UK list                                                1,710                    1,813
Foreign                                                420                      457
AIM                                                    698                      612
of which techMARK                                      213                      246




                                                     2002                            2001
MONEY RAISED £m                                 Month    Year to date          Month    Year to date

UK & AIM New Issues Equity                        153           5,204             66           6,392
Further, Rights and Other                         313          11,839            170          12,607
Bonds, Warrants, Fixed Interest                 9,402          79,250          9,677          77,094
Int. New Issues Equity                              -               -              -           3,292
Further, Rights and Other                           -           5,455            178           1,766
Bonds, Warrants, Fixed Interest                 4,578          67,188          7,167          76,926


COMPANIES ADMITTED                                 13             211             18             268



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