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AMERICAN STOCK EXCHANGE MARKET VALUE INDEX SETS RECORD HIGH; AMEX INDEX OUTPERFORMING ALL OTHER MAJOR INDICES IN 1993

 NEW YORK, May 6 /PRNewswire/ -- The American Stock Exchange Market Value Index closed at a record high for the third consecutive session and the ninth time this year. The index finished at 426.95 after a gain of 1.06 for the day.
 The previous record for the Amex Market Value Index was set yesterday, May 5, 1993, when the index closed at 425.89.
 This year the Amex Market Value Index has outperformed all other major stock indices including the Dow Jones Industrials, the S&P 500, the NASDAQ Composite Index, and the New York Stock Exchange Composite Index (see chart below).
 The Amex Market Value Index, which was introduced in 1973, is the composite weighted value of all equity securities traded on the American Stock Exchange.
 Index 1993 change (through 5/6)
 Amex Market Value Index +6.94 pct
 Dow Jones Industrial Average +4.26
 NYSE Composite Index +2.09
 Standard & Poor's 500 +1.78
 NASDAQ Composite Index +0.46
 -0- 5/6/93
 /CONTACT: Arthea B. Nolan, assistant manager - exchange communications of Amex, 212-306-1632/


CO: American Stock Exchange ST: New York IN: FIN SU:

GK -- NY111 -- 5667 05/06/93 16:56 EDT
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Date:May 6, 1993
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