Auction Two Results
The second of this year’s series of capacity auctions was completed today. An aggregate of £69m of capacity was traded on 18 syndicates. Seven of the syndicates achieved a higher price this week, compared to last, with ten falling in price. One traded for exactly the same price both weeks. Overall pricing was down, the average price paid to acquire capacity fell 30% to 16.7p, and the more representative index of all names’ capacity also fell, to 31.5p, a fall of 13%.
Together with the first auction, a total of £193m has now been transferred this year. This is a recent high level for auctions, and is already the highest volume traded since 2006, with one auction remaining. The final auction will be held on Wednesday 4th and Thursday 5th November.
A schedule of results by syndicate is available here.