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VANCOUVER STOCK EXCHANGE MARKET ACTIVITY CONTINUES TO SLOW

 VANCOUVER STOCK EXCHANGE MARKET ACTIVITY CONTINUES TO SLOW
 VANCOUVER, British Columbia, May 6 /PRNewswire/ -- Trading on the Vancouver Stock Exchange slowed again during April as both volume and value were down substantially from March.
 Volume dropped by 11 percent from March to 300 million shares, while value slipped by 24 percent over last month to $275 million.
 Financings for 1992 year-to-date climbed by 81 percent over the same period last year to $159 million. This was led by a more than threefold increase in initial public offerings and a doubling of the value of private placements completed through VSE facilities.
 The Composite Index depreciated by 7 percent during the month to close at 617.81 as all sub-indices experienced moderate declines during the month. At the end of April, the market capitalization of the 1,446 companies included in the Composite Index was $4.5 billion.
 The exchange's senior board increased its share of trading over the previous month to 15 percent of total volume and 41 percent of total value. Forty-nine percent of the senior board value was in the form of large transactions (Senior Board transactions greater than $500,000), which totalled $55 million.
 Of the 1,977 issues listed on the VSE at month-end, 124 posted new highs and 155 posted new lows during the month. The most active stocks by volume included V-Tech Diagnostics (Venture), International Focus Resources (Resource), United Pacific Gold (Venture), Consolidated Thermo Technology International (Venture) and Riva Petroleum (Venture).
 Listings
 There were two new listings in April, both classified as Venture companies. One company is engaged primarily in creating computer based training products, the other is involved in the exploration and development of natural resource properties. The mining exploration company has assets located in Arizona and the computer training products company has assets located in both British Columbia and California.
 April's new listings compare to eight last month and three in April of 1991. The VSE delisted 10 companies this month compared to five in April of last year.
 -0- 5/6/92
 /CONTACT: David A. Laundy of the Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


KJ -- LA033 -- 7222 05/06/92 15:24 EDT
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Publication:PR Newswire
Date:May 6, 1992
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