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London Stock Exchange figures confirm AIM's resurgence

Last updated: 19:28 27 Mar 2014 AEDT, First published: 20:28 27 Mar 2014 AEDT

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New issues on AIM are outstripping those on the main market, the London Stock Exchange (LON:LSE) revealed in its latest trading update.

In the 11 months to the end of February, new issues on the main market numbered 45, up 32% year-on-year, while the number of new issues on London’s junior market rose 46% to 99.

Despite the increase in new issues, the number of companies listed on AIM eased 1% to 1,088 from 1,094 the year before, mirroring a 1% decline in the number of companies on the big board, which stood at 1,354 at the end of February.

The main market figures include the Professional Securities Market and the Specialist Fund Market.

New issue mania continued in March, with 17 new issues on the London Stock Exchange's UK markets and on Borsa Italiana, and the group said there are continuing good signs of more issues coming down the turnpike.

The London Stock Exchange (LSE) revealed that total equity capital raised on all of the group’s markets was up 91% to £28.3bn from £14.8bn the year before.

Average daily UK equity value traded up 8% and Italian average daily volumes up 3% in the first 11 months of the LSE’s financial year, with the group revealing that growth rates in both markets have been stronger in the final quarter, at 23% and 13% respectively.

“Both primary and secondary market activity levels have increased over the past year, with improvements in capital markets also feeding through to our Post Trade businesses. The clearing volumes in the SwapClear OTC business continue to grow and we are pleased with its performance," said the LSE’s chief executive, Xavier Rolet.

The LSE share price ease 0.8% to 1,975p in early trading.

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