London Stock Exchange Monthly Market Report For June - 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.