Equity levels and flows - Definition and Overview

Levels

Stock market capitalization at the end of 2003 (compared with GDP converted to € through estimated purchasing power parity exchange rates) (ECB: Statistics pocket book (http://www.ecb.int/pub/spb/html/index.en.html))

• 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)

Change

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
• Bombay, 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

Flows

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] (http://www.thomson.com/financial/investbank/fi_investbank_league_tablearchive_debt.jsp)) ($ 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)

See also

• Debt levels and flows
• Thomson Financial league tables

External links

Data

• Yahoo! Finance - Stock Screener - Market Cap (http://screen.yahoo.com/b?mc=100000000/&b=1&z=mc&db=stocks&vw=1)
• ECB: Statistics pocket book (http://www.ecb.int/pub/spb/html/index.en.html)