Market Report - May 2002

London Stock Exchange Plc
12 June 2002



MONTHLY MARKET REPORT FOR MAY 2002



•        NUMBER OF UK SHARES TRADED UP 34% ON MAY 2001
•        NUMBER OF TRADES ON SETS UP 48% ON MAY 2001



The number of UK shares traded on the London Stock Exchange rose 34 per cent in
May to 62.4 billion shares, compared with 46.4 billion shares in the same month
in 2001.  There were 22 trading days in May 2002 compared with 21 days in May
2001.



The total number of UK and international trades on the Exchange increased by 8
per cent in May 2002, up to 4.2 million trades compared with 3.9 million in May
2001.  The average daily number of trades in UK and international shares
increased by four per cent from 184,254 in May 2001 to 191,916 in May 2002.



The number of trades on SETS, the Exchange's electronic order book, grew 48 per
cent in May 2002 to 1.72 million trades compared with 1.16 million in May 2001.
The average daily number of trades rose 41 per cent from 55,338 in May 2001 to
78,123 in May 2002.



There were 30 new issues during May 2002, 19 of which were IPOs.   The IPOs were
split between AIM (13) and the main market (6), raising £1.4 billion between
them.



                                    - ends -



For further information, please contact:



Tiffany Hardie-Evans                        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 2001, the
market capitalisation of UK and international companies on its markets amounted
to £4.1 trillion, with over £5.6 trillion of 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 now over four years since the launch of SETS and the service continues to
go from strength to strength. Overall, the market is benefiting from tighter
spreads, greater liquidity and lower execution costs. 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. For more
information see our publication: "SETS - four years on" available at
www.londonstockexchange.com/trading/pdfs/sets4years.pdf




•           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).




LONDON STOCK EXCHANGE



MONTHLY FACTSHEET FIGURES



May 2002


                                                     2002                              2001
DOMESTIC EQUITY TRADING                         Month    Year to date             Month    Year to date

Equity Trading Value (£m)                     168,076         782,218           164,493         858,615
Number of Equity Trades                     2,997,152      14,414,007         2,588,609      12,917,813


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                     278,900       1,286,242           381,623       1,756,416
Number of Equity Trades                     1,224,989       6,423,493         1,280,732       6,581,642


                                                         May 2002                  May 2001

DOMESTIC MARKET CAPITALISATION £bn                                       1,523                        1,712

TOTAL NUMBER OF COMPANIES                                                2,890                        2,931
UK list                                                  1,788                     1,882
Foreign                                                  439                       482
AIM                                                      663                       567
of which techMARK                                        235                       248




                                                       2002                             2001
MONEY RAISED £m                                   Month    Year to date           Month    Year to date

UK & AIM New Issues Equity                        1,388           3,325             437           2,134
Further, Rights and Other                           819           6,594           9,656          10,981
Bonds, Warrants, Fixed Interest                   5,746          33,811           9,399          34,292
Int. New Issues Equity                                -               -               -           3,222
Further, Rights and Other                            10           1,258               0           1,281
Bonds, Warrants, Fixed Interest                  11,705          36,803           7,695          40,550


COMPANIES ADMITTED                                   30             103              35             134




INDICES PERFORMANCE                              Month Close        Mvt in Month           Mvt in Year
FTSE100                                              5,085.1                 -2%                   -3%
FTSE All Share                                       2,475.6                 -1%                   -2%
FTSE techMARK 100                                    1,002.5                 -5%                  -32%
FTSE AIM                                               836.1                 +0%                   -7%





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