Market Report - October 2002

London Stock Exchange Plc
07 November 2002


7 NOVEMBER 2002

MONTHLY MARKET REPORT FOR OCTOBER 2002


HIGH VOLUMES IN OCTOBER DURING MONTH OF HEAVY TRADING ACROSS EXCHANGE


A month of heavy trading on the London Stock Exchange in October 2002 saw a six
per cent increase in the average daily number of UK and international trades to
232,181 in the month, up from 218,798 trades in October 2001.

The total number of UK trades increased to 3.81 million in the month, up 21 per
cent compared with 3.15 million in October 2001.  However, the value of these
trades fell by five per cent from £162 billion in October 2001 to £154 billion
in 2002.

The rise in market volumes was most notable on SETS, the Exchange's electronic
order book, with a 48 per cent increase: a record 2.67 million trades in October
2002 compared with 1.80 million in the corresponding month in 2001.  The average
daily number of trades on SETS increased from 78,497 trades in October 2001 to
116,144 trades in October 2002.

Meanwhile, on the primary market there were 18 new issues during October 2002, 5
of which were IPOs on AIM, raising £13.04 million (October 2001: 6 IPOs - 1 on
the Main Market, 5 on AIM, together raising £80.94 million).


For further information, please contact:

Tiffany Hardie-Evans        Press Office   [phone]


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

     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

October 2002

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

Equity Trading Value (£m)                    154,036       1,550,645          161,990       1,607,630
Number of Equity Trades                    3,813,602      31,235,934        3,151,020      26,419,898


INTERNATIONAL EQUITY TRADING

Equity Trading Value (£m)                    232,906       2,424,621          269,136       3,206,258
Number of Equity Trades                    1,526,571      12,939,069        1,881,336      14,383,429


ORDER BOOK TRADING

Order Book Value £m                           62,178         571,952           59,666         546,783
Order Book Trades                          2,671,306      19,489,634        1,805,423      12,476,958


                                                       October 2002                October 2001

DOMESTIC MARKET CAPITALISATION £bn                            1,178                       1,462

TOTAL NUMBER OF COMPANIES                                     2,836                       2,908
UK list                                                1,717                    1,832
Foreign                                                422                      464
AIM                                                    697                      612
of which techMARK                                      216                      246




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

UK & AIM New Issues Equity                         25           5,051             81           6,326
Further, Rights and Other                         486          11,526            205          12,438
Bonds, Warrants, Fixed Interest                 9,538          69,848          6,768          67,417
Int. New Issues Equity                              -               -              -           3,292
Further, Rights and Other                       3,734           5,455            178           1,588
Bonds, Warrants, Fixed Interest                 3,744          62,610          4,032          69,760


COMPANIES ADMITTED                                 18             198             13             250



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