Market Report-September 2003

London Stock Exchange Plc
08 October 2003




8 October 2003
MONTHLY MARKET REPORT FOR SEPTEMBER 2003


                         GROWTH IN SETS TRADES DURING SEPTEMBER



The number of trades on SETS, the London Stock Exchange's electronic order book,
increased to 3.06 million in September 2003, a 30 per cent increase on the 2.34
million trades in September 2002.  The value traded on SETS during the month was
£69.4 billion, up from £58.1 billion in September 2002.  There were 22 business
days in September 2003 compared with 21 in September 2002.



The average daily number of trades on SETS was 138,932, up 24 per cent from
111,612 in September 2002.  The average daily value of these trades rose 14
percent, to £3.16 billion in September this year from £2.77 billion in September
2002.



The total number of UK trades on the Exchange increased to 4.40 million in
September 2003, up 32 per cent compared with 3.33 million in September 2002.
The total number of equity trades was 5.22 million in September 2003, compared
with 4.58 million in September 2002, an increase of 14 per cent.  The total
value of shares traded this September was £364.9 billion, up from £342.2 billion
last September.



On the primary market, there were 21 new issues during September 2003, eight of
which were IPOs on AIM, raising £66.57 million between them.  This compares with
14 new issues, of which three were IPOs, in September 2002.



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 six 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).





•       Retail Trading Figures



Retail trading figures are available from our website at - http://
www.londonstockexchange.com/trading/retailtrade.asp

Figures are available from November 2002 to date.



LONDON STOCK EXCHANGE


MONTHLY FACTSHEET FIGURES



September 2003


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

Equity Trading Value (£m)                    194,222       1,359,750          150,069       1,396,609
Number of Equity Trades                    4,400,665      33,992,954        3,327,307      27,422,332


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    170,675       1,280,886          192,176       2,191,714
Number of Equity Trades                      818,125       7,632,440        1,257,650      11,412,498


ORDER BOOK TRADING

Order Book Value £m                              69,443         526,067           58,121         509,774
Order Book Trades                             3,056,511      24,139,852        2,343,853      16,818,328


                                                       September 2003           September 2002
DOMESTIC MARKET CAPITALISATION £bn                             1,261                       1,105

TOTAL NUMBER OF COMPANIES                                      2,692                       2,849
UK list                                                1,583                    1,738
Foreign                                                391                      425
AIM                                                    718                      686
of which techMARK                                      186                      220


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

UK & AIM New Issues Equity                         67           1,836             24           5,026
Further, Rights and Other                       1,146           4,174          1,090          11,040
Bonds, Warrants, Fixed Interest                12,103          84,990          6,168          60,310
Int. New Issues Equity                              -             100              -               -
Further, Rights and Other                          18           4,848              4           1,721
Bonds, Warrants, Fixed Interest                 8,580          73,333          5,360          58,866

COMPANIES ADMITTED                                 21             120             14             180




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