On SETS the average daily number of trades reached a record 187,144, up 17 per cent on January 2004. The average daily value of trades on SETS was £3.6 billion, slightly higher than in January 2004, which was itself one of the busiest months on record on SETS. On SETSmm there were 374,911 order book trades during the month, worth a total of £3.9 billion, a 31 per cent increase on the value traded in January last year.
ETFs made an increased contribution to the Exchange’s trading figures in January 2005: the total value traded increased 78 per cent on the same month last year to £517.6 million.
The London Stock Exchange’s primary markets also made a strong start to the year with 22 new issues in the course of January 2005, twice as many as in the same period last year. There was one IPO on the main market in January, raising £2.0 million. AIM saw eight IPOs during the month, raising a total of £8.6 million between them and increasing the total number of companies on AIM to 1,035.
There were 20 trading days in January 2005, compared with 21 in January 2004.
