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DAIN BOSWORTH ROCKY MOUNTAIN STOCK INDEX ENDS SECOND QUARTER 1992 DOWN 2.84 PERCENT

 DAIN BOSWORTH ROCKY MOUNTAIN STOCK INDEX ENDS
 SECOND QUARTER 1992 DOWN 2.84 PERCENT
 DENVER, July 1 /PRNewswire/ -- The Dain Bosworth Rocky Mountain Stock Index(A) posted a 2.84 percent decrease during the second quarter of 1992, reflecting declines in the valuation of the region's manufacturing technology, health care and service companies, offset by strength in the financial and utilities sectors.
 For the quarter ended July 30, 1992, the Dow Jones Industrials Average increased 2.57 percent, the Standard & Poor's 500 composite increased 1.10 percent, and the NASDAQ Composite index decreased 6.65 percent.
 During the quarter, smaller capitalization stocks suffered while the 30 very large companies included in the Dow Jones Industrial Average rose moderately.
 "During the quarter, institutional selling of health care stocks continued, resulting in a 19.01 percent decline in the valuation of the health care companies in our region" said Dick Stebbins, Dain Bosworth Denver Corporate Finance Managing Director. "On the other hand, continuing consolidation activity within the financial services sector lead to a 10.78 percent increase in the valuation of the financial services sector. Investors seem cognizant of the very slow rate of the economic recovery and as a result, share price gains were highly selective and modest during the quarter," Stebbins said.
 Western Capital Investors, First Golden Bancorp, Sunwest Financial Services and Zions Bancorporation posted gains of 86.44 percent, 29.52 percent, 16.41 percent and 15.82 percent respectively, leading the increase in the financial services sector. Other regional gainers were BI Inc., up 12.50 percent during the quarter, Wiland Services up 27.27 percent, Hathaway Corp. up 20.00 percent and Wicat Systems Inc., which agreed to be acquired by Jostens, Inc., up 40.73 percent.
 Significant declining issues included Vicorp Restaurants, Atrix Labs Inc., Electromedics Inc., Marquest Medical Products, Merit Medical Systems and Utah Medical Products, each with losses exceeding 20 percent during the quarter.
 "During the first quarter, investors anticipated a strong economic recovery; during the second quarter the reality of very slow growth tempered investment decisions," concluded Stebbins.
 (A) -- The Dain Bosworth regional index is an unweighted compilation of publicly held companies located in Colorado, Wyoming, Utah, New Mexico and Montana. Stocks included in the index have market capitalization between $10 million and $500 million and have reported positive earnings during two of the past three years. The index is not intended to be a recommended investment portfolio, but rather an overall indicator of public equity valuations in the Rocky Mountain Region.
 -0- 7/1/92
 /CONTACT: Richard B. Stebbins of Dain Bosworth, 303-294-7285 (office) or 303-449-5305/ CO: Dains Bosworth Rocky Mountain ST: Colorado IN: SU:


SS-JB -- DV008 -- 5588 07/01/92 10:31 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
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