Market report September 2007
London Stock Exchange Group PLC
08 October 2007
News Release
8 October 2007
MR75-09.07
VERY STRONG SETS TRADING SUSTAINED IN RECORD SEPTEMBER
The average daily number of trades on SETS, the London Stock Exchange's
electronic order book, was 575,988 during September 2007, the second highest
monthly average on record and an increase of 84 per cent on September 2006. The
average daily value traded also increased, up 46 per cent year on year to £8.4
billion. The total number of trades on SETS during the month was 11.5 million
and the total value traded reached £168.0 billion.
Within the SETS totals, SETSmm continued to show strong growth, with the average
daily number of trades up 120 per cent year on year to 152,347, and the average
daily value traded up 88 per cent to £1.0 billion. Also reflected in the SETS
figures, the International Order Book (IOB) had another very good month. The
average daily number of trades on the IOB increased 61 per cent to 4,057, and
the average daily value traded increased by 41 per cent to £326.5 million.
The expansion of the ETF market also continued, with 25 new ETFs admitted to
trading during the month, including the Exchange's first ETFs from both Deutsche
Bank and Spa ETF plc. The average daily number of trades in ETFs was up 189 per
cent on September last year to 2,303, and the average daily value traded up 188
per cent to £153.5 million. The total value traded in ETFs during the first
nine months of 2007 has more than doubled compared with the same period last
year; up 116 per cent to £26.3 billion.
There were 20 new issues on the Exchange's markets during September, including
16 new issues on AIM, which raised £100.7 million between them. Of these, four
were AIM IPOs raising £33.8 million between them. There were 26 further issues
on the Main Market, raising a combined £164.9 million, and 134 further issues on
AIM, raising £132.1 million.
RNS, the Exchange's service for the dissemination of company news, issued 16,118
announcements during September, an increase of 18 per cent on the same month
last year. Of these, 5,890 were news and results announcements, representing an
85.8 per cent share of all such announcements made in the UK market.
There were 20 trading days in September 2007, one fewer than in September 2006.
- ends -
For further information, please contact:
Catherine Mattison Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to editors:
• From next month the format of this monthly report will change to
reflect the London Stock Exchange's merger with Borsa Italiana which completed
on 1 October 2007.
• 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 nine 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.
SEPTEMBER 2007
2007 2006
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 316,608 3,137,967 246,204 2,384,016
Number of Equity Trades 12,469,512 106,981,436 7,394,423 65,398,496
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 370,757 3,825,488 287,015 2,482,795
Number of Equity Trades 3,682,535 30,442,427 1,879,459 15,282,634
ORDER BOOK TRADING
Order Book Value (£m) 167,977 1,585,224 120,780 1,119,456
Order Book Trades 11,519,758 97,577,415 6,576,945 56,694,220
September 2007 September 2006
DOMESTIC MARKET CAPITALISATION (£bn) 2,052 1,916
TOTAL NUMBER OF COMPANIES 3,297 3,212
Main Market UK 1,250 1,292
Main Market International 338 315
of which techMARK 128 141
AIM 1,682 1,590
Professional Securities Market (Equity only) 27 15
2007 2006
MONEY RAISED (£m) Month Year to date Month Year to
date
Equity Money Raised:
New issues: Main Market UK - 5,388 292 5,858
New issues: Main Market International - 9,294 - 6,575
New issues: AIM 101 5,230 343 6,344
Further issues: Main Market UK 165 7,659 1,001 9,847
Further issues: Main Market International - 527 - 1,243
Further issues: AIM 132 7,858 81 3,994
PSM (new & further, UK & International) - 285 - 527
COMPANIES ADMITTED 20 309 37 395
Debt Money Raised (£m)
Main Market UK 14,722 127,197 21,148 106,522
Main Market International 9,958 175,168 23,031 142,568
PSM ( PSM (UK & International) 52 10,155 120 9,274
This information is provided by RNS
The company news service from the London Stock Exchange