Market Report - April 2004
London Stock Exchange Plc
11 May 2004
MONTHLY MARKET REPORT 11 May 2004
FOR APRIL 2004 MR34 - 04.04
APRIL SETS(TM) TRADES UP 25 PER CENT
Trading on the London Stock Exchange continued to grow in April 2004 with year
on year increases across its markets.
In April 2004, the average daily number of trades on SETSTM, the Exchange's
electronic order book, rose to 155,018 from 124,450 in April 2003. The value
traded on SETS during the month was £69.4 billion representing a 31 per cent
increase from £52.8 billion traded in April last year. There were 3.1 million
trades on SETS - up 25 per cent on April 2003 - including 229,533 SETSmm trades
worth £2.64 billion.
There were 4.24 million UK equity trades in the month, an increase of 22 per
cent on the total of 3.49 million equity trades in April 2003. The total value
of UK shares traded during the month was £178.8 billion, up 34 per cent from
£133.7 billion on the corresponding period last year.
Trading in covered warrants and ETFs also showed gains with 8,891 ETF and 3,877
covered warrant trades compared to last April's totals of 4,558 and 1,884 trades
respectively.
Following 24 new admissions during the month, the number of AIM companies rose
above 800 for the first time. At the end of April 2004, there were 809 AIM
companies with a combined market capitalisation of £21.9 billion. This was up
from 705 companies with a combined market capitalisation of £10 billion at the
end of April 2003.
The primary market saw 30 new issues in April raising £409.3 million between
them. Six of these were on the Main Market (five of which were IPOs) and 24
were on AIM (17 of which were IPOs). This compares with 16 new issues (five on
the Main Market and 11 on AIM) in April 2003.
There were 20 business days in April 2004, which was the same number as in April
2003.
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For further information, please contact:
Richard Webster-Smith +44 (0)20 7797 1222
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 2003, the
market capitalisation of UK and international companies on its markets amounted
to £3.3 trillion, with £3.6 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 over 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
media@ftse.com
IPO - when a new company joins our market raising money. This excludes
transfers and introductions (a company that joins a market without raising
money).
• SETSmm
SETSmm is the Exchange's new 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.
• 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
April 2004
2004 2003
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 178,805 826,192 133,683 551,901
Number of Equity Trades 4,243,690 18,546,640 3,488,392 14,710,575
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 208,187 824,352 122,404 545,844
Number of Equity Trades 968,395 3,956,314 800,450 3,642,102
ORDER BOOK TRADING
Order Book Value (£m) 69,408 304,410 52,784 227,370
Order Book Trades 3,100,363 13,226,082 2,489,005 10,823,918
April 2004 April 2003
DOMESTIC MARKET CAPITALISATION (£bn) 1,391 1,163
TOTAL NUMBER OF COMPANIES 2,700 2,760
UK list 1,521 1,649
Foreign 370 406
AIM 809 705
of which techMARK 177 203
2004 2003
MONEY RAISED (£m) Month Year to date Month Year to date
UK & AIM New Issues Equity 409 1,306 73 109
Further, Rights and Other 274 2,633 83 710
Bonds, Warrants, Fixed Interest 5,761 49,869 8,258 35,621
Int. New Issues Equity 201 219 - -
Further, Rights and Other 3 111 3,783 3,908
Bonds, Warrants, Fixed Interest 8,637 34,017 7,774 31,902
COMPANIES ADMITTED 30 91 16 42
This information is provided by RNS
The company news service from the London Stock Exchange