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VANCOUVER STOCK EXCHANGE GAINING STRENGTH

 VANCOUVER STOCK EXCHANGE GAINING STRENGTH
 VANCOUVER, British Columbia, Feb. 5 /PRNewswire/ -- Vancouver market


showed strong signs of a recovery during January as prices advanced sharply on heavy trading.
 The volume rose by 50 percent over the previous month to 396 million shares, while the value of shares traded climbed by 60 percent to $428 million, the highest monthly totals since the summer of 1990 when the market was fuelled by gold finds in the Eskay Creek region. January's market activity was substantially higher than the same month last year, as volume was up by 76 percent and value more than doubled, compared to the same time period in 1991.
 The VSE Composite Index climbed steadily during the month to close at 623.39, up 14 percent over the previous month. The Composite's gain of 24 percent over the same month last year was led by an 80 percent gain in the Commercial/Industrial Index, and a 19 percent rise in the Venture Index. At the end of the month, the capitalization of the 1,476 stocks included in the Composite Index was $4.3 billion.
 January marked another record month for Senior Board large transactions (trades greater than $500,000 in value), due in part to the continuing B.C. Government Investment Diversification Program. This program, which started in 1990, allows portions of the $20 billion pension fund savings to be invested in high-quality Canadian corporations, some of which are listed on the VSE. In January, 90 large transactions were conducted, for a total value of $102 million.
 The record amount of large transactions enabled the Senior Board to maintain its share of total VSE volume at 15 percent, and marginally increase its share of the value to 46 percent.
 The VSE managed to increase its portion of total trading among the increasingly active Canadian exchanges. The VSE's share of Canadian trading edged higher over the previous month to 31 percent of the total volume and 4 percent of the total value.
 Financings totals for January doubled those of the previous month to reach $38.3 million. The largest increase by far was in public offerings by listed companies, which rose sharply to $13.4 million, as listed companies utilized the rising market to complete various offerings.
 Of the 2,076 issues listed on the VSE at month end, 171 reached new highs and 118 posted new lows for a ratio of 1.4-to-1, the highest since these statistics were recorded in 1990. The most active stocks by volume included: V-Tech Diagnostics, Global Election Systems, Consolidated Boulder Mountain Resources and Vinta Explorations (all from the Venture Section).
 Listings
 During the month of January, five companies were newly listed on the VSE. Four of the companies, engaged in the acquisition, exploration and development of mining properties, were listed in the Venture Section. The other, a real estate brokerage firm, is listed in the Commercial/Industrial Section. The interests/assets of the four mining companies are located in British Columbia, the Yukon Territory, Nevada, Arizona and New Mexico. The real estate brokerage firm has interests in the United States.
 January's new listings compared to five last month and three in January 1991. The number of companies delisted this month was five, compared to six last month and eight in January 1991.
 -0- 2/5/92
 /CONTACT: David A. Laundy, of the Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


JL -- LA025 -- 7315 02/05/92 15:20 EST
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Publication:PR Newswire
Date:Feb 5, 1992
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