Trading on the London Stock Exchange has totaled 7.2 million trades across the London Stock Exchange during July 2005, an increase of 38% on July last year. This brought the average daily number of trades for the calendar year so far to 314,075, an increase of 22% on the first seven months of 2004. The average daily value traded across the Exchange for the year to the end of July was £20.0 billion, up 6% on the average daily value traded during the same period last year.
SETS saw a total of 4.7 million trades during the month, with eight of the twenty busiest ever trading days on SETS contributing to a record average of 221,822 trades daily, up 43% on July 2004. The average daily value traded on SETS during the month was also a record at £4.9 billion, an increase of 45% on July 2004. This brought the average daily value traded on SETS for the year so far to £4 billion, up 13% on the same period in 2004. The average daily number of trades on SETS for the year to date reached a record 200,000, up 28 per cent on the same period in 2004.Of the SETS trades, 14% were on SETSmm, including trading in 198 small cap securities which moved to SETSmm on 11 July. The average daily number of trades on SETSmm increased to 31,441, up 140% on July 2004, and the average daily value traded increased by 122% to £307.4 million.
Trading in ETFs and covered warrants also saw strong increases, with the number of ETF trades up 6% on July 2004 and the value traded up 144% to £864.4 million. There was a 34% increase in the number of covered warrant trades to 4,631 whilst the value traded during the month increased 45% on July 2004 to £18.9 million.
The Main Market attracted six IPOs during July, raising £1.5 billion between them, and there were 27 IPOs on AIM, raising £502.1 million between them. This brought the total number of IPOs on both markets for the year to date to 263, and the total money raised to £8.3 billion.
There were 21 business days in July 2005, compared with 22 in July 2004.