Market report - July 2005

London Stock Exchange Plc
08 August 2005



News Release



8 August 2005

MR49-07.05



                           JULY TRADES UP 38 PER CENT



Trading on the London Stock Exchange continued its trend of strong growth with a
total of 7.2 million trades across the London Stock Exchange during July 2005,
an increase of 38 per cent on July last year.  This brought the average daily
number of trades for the calendar year so far to 314,075, an increase of 22 per
cent on the first seven months of 2004.  The average daily value traded across
the Exchange for the year to the end of July was £20.0 million, up six per cent
on the average daily value traded during the same period last year.



SETS saw a total of 4.7 million trades during the month, with eight of the
twenty busiest ever trading days on SETS contributing to a record average of
221,822 trades daily, up 43 per cent on July 2004.  The average daily value
traded on SETS during the month was also a record at £4.9 billion, an increase
of 45 per cent on July 2004.  This brought the average daily value traded on
SETS for the year so far to £4 billion, up 13 per cent on the same period in
2004.  The average daily number of trades on SETS for the year to date reached a
record 200,000, up 28 per cent on the same period in 2004.



Of the SETS trades, 14 per cent were on SETSmm, including trading in 198 small
cap securities which moved to SETSmm on 11 July.  The average daily number of
trades on SETSmm increased to 31,441, up 140 per cent on July 2004, and the
average daily value traded increased by 122 per cent to £307.4 million.



Trading in ETFs and covered warrants also saw strong increases, with the number
of ETF trades up six per cent on July 2004 and the value traded up 144 per cent
to £864.4 million.  There was a 34 per cent increase in the number of covered
warrant trades to 4,631 whilst the value traded during the month increased 45
per cent on July 2004 to £18.9 million.



The Main Market attracted six IPOs during July, raising £1.5 billion between
them, and there were 27 IPOs on AIM, raising £502.1 million between them.  This
brought the total number of IPOs on both markets for the year to date to 263,
and the total money raised to £8.3 billion.



There were 21 business days in July 2005, compared with 22 in July 2004.



                                    - ends -



For further information, please contact:

Richard Webster-Smith     Press Office   [phone]        [e-mail]







Notes to editors:

•          About the London Stock Exchange



The London Stock Exchange is one of the world's leading equity exchanges and an
international provider of services that facilitate the raising of capital and
the trading of shares and debt securities.



The London Stock Exchange is the most international equities exchange by trading
in the world and Europe's largest pool of liquidity.  In 2004, 80% of all
European IPOs floated in London. By the end of 2004, the market capitalisation
of UK and international companies on the London Stock Exchange's markets
amounted to £3.5 trillion, with £4.7 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:





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 most successful
companies, giving them access to one of the deepest pools of capital in the
world.



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.



•     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) but may include placings.



•        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
[e-mail]





  •        SETS - the electronic order book



It is over seven 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



July 2005


                                        2005                             2004
DOMESTIC EQUITY TRADING                 Month        Year to date        Month        Year to date

Equity Trading Value (£m)                    231,886       1,429,156          184,726       1,385,380
Number of Equity Trades                    5,626,753      35,989,502        4,294,416      31,120,207


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    206,010       1,468,850          174,886       1,390,035
Number of Equity Trades                    1,610,228       9,551,384          965,129       6,694,554



ORDER BOOK TRADING

Order Book Value (£m)                         102,582         578,019           74,370           518,883
Order Book Trades                           4,658,257      29,000,024        3,405,532        22,903,322




                                                     July 2005                July 2004

DOMESTIC MARKET CAPITALISATION (£bn)                                1,702                           1,366

TOTAL NUMBER OF COMPANIES                                           3,008                           2,753
Main Market UK                                                      1,400                           1,498
Main Market International                                             340                             365
of which techMARK                                                     151                             173
AIM                                                                 1,268                             890


                                          2005                            2004
MONEY RAISED (£m)                         Month       Year to date        Month      Year to date

New equity issues: UK Main Market and           1,483           5,606          1,482             3,869
AIM
Further, Rights and Other                       1,149           4,957            777             6,646
Bonds, Warrants, Fixed Interest                 2,670          79,456         13,368            81,777
New equity issues: International Main             531           3,077              -               587
Market
Further, Rights and Other                          99             318             44               166
Bonds, Warrants, Fixed Interest                 2,968          66,924          6,905            62,262


COMPANIES ADMITTED                                 52             388             55               208








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