Contents

1 Levels 1.1 2003 2 Level change 2.1 2004 2.1.1 Americas 2.1.2 Asia 2.1.3 Europe 3 New issues 3.1 2004 3.2 2003 3.3 Flows 3.3.1 Europe 3.3.2 United States 4 Trading volume 5 See also 6 External links 6.1 Data

Levels

Levels mean market equity (stock, share) value. This is market cap value of exchange listed companies. Remember that 99 % by number (and perhaps 50 % by value) of all joint-stock companies are small and not listed on stock exchanges.

2003

Stock market capitalization at the end of 2003 (compared with GDP converted to € through estimated purchasing power parity exchange rates) (ECB: Statistics pocket book)

• EU: €6.0 trillion (59% of PPP GDP)
• Japan: €2.4 trillion (75% of PPP GDP)
• United States: €10.7 trillion (108% of PPP GDP)

Level change

Level change means price change in market cap levels during a period of time (here a year).

2004

National stock market index price performance during 2004

Americas

• Mexico City, Mexico (Indice de Precios y Cotizaciones) +44 percent
• São Paulo, Brazil (Índice Bovespa) +16 percent
• New York City, USA (S&P 500) +8 percent
• New York (Nasdaq composite ) +7 percent
• New York (Dow Jones Industrial Average) +3 percent
• Toronto, Canada (TSX)

Asia

• Jakarta, Indonesia (JSX Composite) +42 percent
• Philippines (PHS Composite ) +24 percent
• Malaysia (KLSE Composite ) +14 percent
• Hong Kong, China (Hang Seng) +13 percent
• Mumbai, India (Bombay Sensex 30) +10 percent
• Tokyo, Japan (Nikkei 225) +5 percent
• Taipei, Taiwan (TAIEX) +2 percent
• Shanghai, China (SSE Composite) -13 percent

Europe

• Kiev, Ukraine (KAC-20 ) +251 percent
• Bucharest, Romania (BET-10) +100 percent
• Budapest, Hungary (BUX) +54 percent
• Prague, Czech Republic (PX 50) +54 percent
• Reykjavik, Iceland (ICEX Main) +53 percent
• Oslo, Norway (OSE All Share ) +39 percent
• Warsaw, Poland (WIG) +26 percent
• Denmark (KAX All Share ) +21 percent
• Stockholm, Sweden (SAX All Share) +17 percent
• Madrid, Spain (IBEX-35) +16 percent
• Milan, Spain (MIB30 ) +16 percent
• London, UK (FTSE) +7 percent
• Frankfurt, Germany (DAX 30) +7 percent
• Paris, France (CAC 40) +7 percent
• Moscow, Russia (RTS Index) +5 percent
• Helsinki, Finland (HEX All Share ) +4 percent
• Zürich, Switzerland (Swiss Market Index ) +3 percent
• Amsterdam, Netherlands (AEX index) +3 percent

New issues

New issues mean equity issued and sold during a period of time.

2004

Global equity & equity-related issuance totaled $505bn for the year, representing a 29.9% increase over the $389bn raised in 2003. Initial public offerings increased nearly 220% in 233 offerings that raised $44 billion.

2003

The equity market showed signs of recovery as Global Equity and Equity-related industry proceeds surpassed those of 2002 by 21.9%. The fourth quarter accounted for 34.6% of overall proceeds raised.

Flows

Debt and equity issuance reported by Thomson Financial ([1]) ($ billions and number of isses).

Global Equity and Equity-related

• 2004: 505 (3,628) (Q4 2004 report)
• 2003: 388 (2,418) (Q4 2003 report)
• 2002: 319 (?) (Q4 2003 report)

Global Convertible Offerings

• 2004: 98 (469) (Q4 2004 report)
• 2003: 164 (486) (Q4 2003 report)
• 2002: 96 (?) (Q4 2003 report)

Europe

Global Common Stock - EMEA

• 2004: ? (?) (Q4 2004 report)
• 2003: 52 (308) (Q4 2003 report)
• 2002: ? (?) (Q4 2003 report)

United States

Global Common Stock - US Issuers

• 2004: 129 (767) (Q4 2004 report)
• 2003: 79 (520) (Q4 2003 report)
• 2002: 88 (?) (Q4 2003 report)

Global Initial Public Offerings - US Issuers

• 2004: 44 (233) (Q4 2004 report)
• 2003: 14 (79) (Q4 2003 report)
• 2002: 23 (?) (Q4 2003 report)

Trading volume

Trading volume is number of securities bought and sold (a "transaction"). To be expanded.

See also

• Debt levels and flows
• Thomson Financial league tables

External links

Data

• Yahoo! Finance - Stock Screener - Market Cap
• ECB: Statistics pocket book
• ABN AMRO’s Global Investment Returns Yearbook - London, 5 February 2004