The total number of UK and international trades on the London Stock Exchange in January 2003 was 5.06 million, up 17 per cent from 4.33 million in January 2002. The total value of these trades was 325.9 billion, a 21 per cent decline over the corresponding period last year. The average daily number of UK and international trades increased to 230,167 trades compared with 196,766 in January 2002. There were 22 business days in both January 2002 and 2003.
The total number of UK trades on the London Stock Exchange increased to 3.91 million in January 2003, up 38 per cent compared with 2.83 million in January 2002. The value, however, decreased by three per cent to 148.7 billion, down from 152.8 billion in January 2002.
In January the number of trades on SETST, the London Stock Exchange’s electronic order book, increased to 2.88 million trades compared with 1.57 million in January 2002, a year on year increase of 83 per cent. The value traded on SETS increased by 14 per cent to 62.1 billion in 2003, from 54.5 billion in January 2002.
The average daily number of trades on SETS was 130,806, up from 71,547 in January 2002. SETS achieved a 66.9 per cent share of eligible trades in January 2003, compared with 60.9 per cent in January 2002.
On the primary market there were 14 new issues during January 2003, 4 of which were IPOs, 2 on the Main Market and 2 on AIM, raising 17 million between them. This compares with 6 IPOs in January 2002 – 3 on the Main Market, 3 on AIM, which raised 69 million.