Equity Levels And Flows Article Index for
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Equity Levels And Flows




Levels mean market equity (stock, share) value. This is market cap value of exchange listed companies. Remember that 99 % by amount of (and perhaps 50 % by equity value) of all Joint-stock Companies are small and not listed on stock exchanges, and are therefore not included in this equity value.


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 , 2003 data from August 2004 issue)
  • 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



Asia



Europe



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 ( {Link without Title} ) ($ 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



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