• IPO money raised up 52 per cent on first half of 2006
New trading records were reached across the London Stock Exchange’s markets during June. The average daily number of trades on SETS reached a record 535,578 trades per day, an increase of 62 per cent on June last year, while the average daily value traded also reached its highest ever levels, growing 43 per cent to £9.0 billion. In total, over 11.2 million trades were carried out on SETS during the month, an increase of 55 per cent year on year, while the overall value traded increased 37 per cent to £189.3 billion.
Included in the SETS totals, was another very strong month on SETSmm, with the average daily value traded exceeding £1.0 billion for the first time, an increase of 98 per cent on June 2006. Meanwhile, the average daily number of trades during the month more than doubled to a record 147,383.
On the Exchange’s International Order Book the average daily number of trades grew 51 per cent to 4,749, and the average daily value traded increased 56 per cent to a record £397.9 million. Over the same period, the average daily number of ETF trades grew 118 per cent to 1,985, while the average daily value traded in ETFs was up 102 per cent to £152.3 million.
During the month there were 12.3 million UK equity trades on the Exchange, an increase of 52 per cent on June 2006, and the total value traded in UK equity increased 37 per cent to £379.4 billion.
June was also an excellent month on the primary markets, with £3.0 billion raised through IPOs across the Main Market, Professional Securities Market, and AIM. During the month there were eight IPOs by UK companies, raising £924.8 million between them, and two international IPOs, raising £676.6 million between them. One GDR issuer carried out an IPO on the Professional Securities Market, raising £284.9 million. There were 25 IPOs on AIM during the month, which raised a total of £1.2 billion.
June’s IPO activity brought the total number of IPOs conducted on the Exchange’s markets this year to 137, and the total money raised via IPOs to £15.9 billion, up 52 per cent on the first six months of 2006.
RNS, the Exchange’s service for the dissemination of company news, issued 17,548 announcements during June, up 11 per cent on June last year. Of these, 36 per cent, or 6,279 were news and results announcements, representing an 86 per cent share of all such announcements made in the UK market.
There were 21 trading days during June, one fewer than in June the previous year.