Market report - June 2004

London Stock Exchange Plc
09 July 2004



                                                                    News Release





09 July 2004

MR36-06.04



                         SETS VOLUMES CONTINUE TO RISE



The average daily number of trades on SETS, the London Stock Exchange's
electronic order book, was 143,817 in June 2004, an increase of 14 per cent on
the daily average for the same month last year.   During the same period, the
average daily value traded on the order book rose 13 per cent to £3.1 billion.
The value of an average SETS trade remained broadly unchanged at £21,834, as did
the number of trades required to fill an order, which averaged 1.63.



The total number of trades on SETS during the month was up 19 per cent at
3,163,980, while the total value traded increased 18 per cent on the previous
year to £69.1 billion.



Overall there were 4.19 million UK equity trades on the Exchange, an increase of
nine per cent on last June. The value traded also rose 15 per cent to £184.8
billion, up from £160.4 billion in June 2003.



There were 40,802 trades made on the Exchange's International Order Book, worth
a total of $11.4 billion.  Russian securities accounted for over half of the
transactions, with 25,054 trades worth a total of $5.9 billion.


There were 10,616 ETF trades on the Exchange during June 2004, the busiest month
since the ETFs were launched in April 2000.  The value of ETFs traded amounted
to £409 million.  There was also an increase in the value of covered warrants
traded, which amounted to £10 million for the month, up from £7.84 million
traded in June 2003.



There were 33 new issues on the primary market in June, raising £846.9 million
between them.  All six of the new issues on the main market were IPOs, including
one international IPO.  There were 27 new issues on AIM, including 17 IPOs.



There were 22 business days in June 2004, compared with 21 in June 2003.



                                    - ends -



For further information, please contact:

Catherine Mattison    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 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
[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).





•      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 -

www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat

Figures are available from November 2002 to date.




LONDON STOCK EXCHANGE

MONTHLY FACTSHEET FIGURES



June 2004


                                               2004                             2003
DOMESTIC EQUITY TRADING                        Month    Year to date            Month    Year to date

Equity Trading Value (£m)                    184,841       1,200,654          160,389         855,587


Number of Equity Trades                    4,193,717      26,825,791        3,848,698      22,171,360


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    191,731       1,215,149          155,562         835,751
Number of Equity Trades                      891,822       5,729,425          836,724       5,295,998



ORDER BOOK TRADING

Order Book Value (£m)                          69,082        444,514           58,503         341,398
Order Book Trades                           3,163,980     19,497,790        2,655,783      16,006,257




                                                 June 2004              June 2003

DOMESTIC MARKET CAPITALISATION (£bn)                 1,388                  1,221

TOTAL NUMBER OF COMPANIES                            2,722                  2,727
UK list                                              1,508                  1,627
Foreign                                                368                    399
AIM                                                    846                    701
of which techMARK                                      178                    198


                                                 2004                           2003
MONEY RAISED (£m)                               Month    Year to date          Month      Year to date

UK & AIM New Issues Equity                        747           2,387             53               577
Further, Rights and Other                         375           5,869            297             2,151
Bonds, Warrants, Fixed Interest                 9,092          68,410         11,881            54,941
Int. New Issues Equity                            100             587            100               100
Further, Rights and Other                           -             122             24             3,931
Bonds, Warrants, Fixed Interest                 9,254          55,357          8,379            45,468


COMPANIES ADMITTED                                 33             153             13                66




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