Market report - April 2006
London Stock Exchange Plc
10 May 2006
10 May 2006
MR58-4.06
VALUE TRADED ON SETS UP 52 PER CENT IN APRIL
Trading on the London Stock Exchange during April continued its very strong
growth trends. The average daily value of trades on SETS during April was up 52
per cent year on year to £6 billion, while the average daily number of trades
increased 42 per cent to 283,908.
Included in the SETS figures, SETSmm and the International Order Book both
achieved excellent growth. SETSmm had a record month, with the average daily
number of trades up 121 per cent on April 2005 to 57,223, and the average daily
value traded up 96 per cent to £476.8 million. On the International Order Book,
the average daily value traded increased 211 per cent on April 2005 to £250.6
million and the average daily number of trades increased 123 per cent to 2,469.
In total, the average daily value traded in UK equities was up 40 per cent on
April last year to £13.4 billion, while the average daily number of trades was
up 36 per cent to 337,145.
ETF trading continued to set new records. The average daily value traded was up
137 per cent on April last year to £71.5 million, taking the total value traded
during the month to £1.3 billion. The average daily number of ETF trades
increased 177 per cent on the same month last year to 1,327.
The value traded in covered warrants and structured products during the month
amounted to £107.6 million, a huge increase on the £12.2 million traded during
April 2005.
There were nine IPOs on the Exchange's Main Market in April, which raised £325.8
million between them. This included three IPOs from international companies,
which raised a total of £152.4 million. AIM attracted 26 IPOs during April,
raising £1.0 billion between them. Of these, seven were IPOs from international
companies, which raised a total of £308.6 million.
RNS, the Exchange's service for the dissemination of company news, transmitted
an average of 762 announcements per day, up 25 per cent on April 2005. An
average of 273 news and results announcements were disseminated each day,
representing an 86 per cent share of all company news and results announcements
made in the UK.
There were 18 trading days during April 2006, three fewer than April 2005.
- ends -
For further information, please contact:
Catherine Mattison Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to editors:
• 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 by trading
in the world and Europe's largest pool of liquidity. By the end of 2005, the
market capitalisation of UK and international companies on the London Stock
Exchange's markets amounted to £4.1 trillion, with £5.2 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 a
wholly autonomous company.
For information about the company or any FTSE indices, please contact
media@ftse.com
• SETS - the electronic order book
It is over eight 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.
• SETSmm
SETSmm is the Exchange's successful 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 -
www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
2006
April 2006 April 2005
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 241,631 1,101,981 201,283 822,841
Number of Equity Trades 6,068,618 27,034,807 5,206,215 20,440,487
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 233,099 1,172,141 205,538 831,551
Number of Equity Trades 1,284,010 7,059,395 1,286,554 4,982,794
ORDER BOOK TRADING
Order Book Value (£m) 108,021 483,155 82,745 320,041
Order Book Trades 5,110,343 22,516,552 4,202,191 16,255,319
April 2006 April 2005
DOMESTIC MARKET CAPITALISATION (£bn) 1,967 1,483
TOTAL NUMBER OF COMPANIES 3,169 2,942
Main Market UK 1,332 1,435
Main Market International 326 341
of which techMARK 145 161
AIM 1,501 1,166
Professional Securities Market (Equity only) 10 -
April 2006 April 2005
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: Main Market UK 195 1,318 205 792
New issues: Main Market International 152 2,552 19 1,034
New issues: AIM 1,093 3,146 418 954
Further issues: Main Market UK 680 1,722 346 1,576
Further issues: Main Market 287 616 - 69
International
Further issues: AIM 813 1,990 243 591
PSM (new & further, UK & International) - 527 - -
COMPANIES ADMITTED 48 196 59 211
Debt Money Raised (£m)
Main Market UK 9,653 46,140 14,481 51,324
Main Market International 22,912 68,552 10,283 32,571
PSM ( PSM (UK & International) 969 6,950 - -
This information is provided by RNS
The company news service from the London Stock Exchange