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MARKET ACTIVITY SLOWS

 MARKET ACTIVITY SLOWS
 VANCOUVER, British Columbia, Dec. 6 /PRNewswire/ -- Vancouver


trading activity for November was up over the same period last year, but down from the previous month during the typically slow fourth quarter.
 November's volume increased by 10 percent over the same month in 1990, while value was up 42 percent over the same period. Volume in November broke the trend of stronger trading in September and October, falling 21 percent from the previous month to 292 million shares, while the value of shares traded dropped by 11 percent to $303 million.
 The Composite Index was up 10 percent over the same period last year, and a fraction higher than October's close as gains in the Venture Sub-Index offset slight declines in the Senior-Board Sub- Indices during November. At the end of the month, the capitalization of the 1,503 stocks included in the Composite Index was $3.6 billion.
 In November the senior board increased its share of total VSE trading from 13 percent to 15 percent of the volume and maintained its 45 percent share of the value.
 The VSE's share of total trading on all Canadian exchanges declined from the previous month, reflecting lower VSE market activity and higher trading elsewhere.
 Financings for November were up 9 percent over the previous month, as a strong recovery in initial distributions compensated for a sharp decline in Statement of Material Facts financings.
 Of the 2,101 issues listed on the VSE at month end, 98 reached new highs and 195 posted new lows. The most active stocks by volume included: War Eagle Mining, WCN Investment, Springer Resources, Englefield Resources and Vangold Resources (all from the Venture Section).
 Listings
 During the month of November, five companies were newly listed on the Vancouver Stock Exchange, bringing the year-to-date total to 44. All five companies are involved in the exploration and development of resource properties and all are classified as 'venture' companies.
 In the last month, three companies were upgraded to the senior board section, all in the resource section, bringing the total number of companies on the senior board to 354.
 During the month, the listings department accepted seven Statements of Material Facts (qualifying financings through VSE facilities) compared to five last month and seven in November 1990.
 There was 14 delistings in November, compared to one last month and 38 in November 1990.
 -0- 12/6/91
 /CONTACT: David A. Laundy of Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


AL -- LA019 -- 0214 12/06/91 15:46 EST
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Publication:PR Newswire
Date:Dec 6, 1991
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