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STRONG OCTOBER VOLUME CONTRIBUTES TO TRADING RECORD

 VANCOUVER, British Columbia, Nov. 5 /PRNewswire/ -- Shares traded on the Vancouver Stock Exchange during the month of October pushed annual trading volume to a new record, surpassing the previous high established in 1987.
 October's volume of 437 million shares precipitated the demise of the 6 year trading record, exceeding the 4.8 billion shares traded in 1987 by 14 million shares.
 Buoyed by an increase in gold prices, interest rates at historical lows and continuing investor interest in diamond exploration in the Northwest Territories and gold exploration in Venezuela, the volume figure joined two other historical trading records set this year of the highest monthly volume (April) and highest quarterly volume (second quarter).
 Average daily volume and value for the month of October increased over September's figures, although monthly volume and value figures eased fractionally. The volume slipped by 4 percent to 437 million shares and the value by 2 percent to $523.1 million. The Senior Board maintained its share of the total volume and value in October, at 14.6 percent and 32.2 percent respectively.
 The Composite Index rose 5 percent over last month to close at 1032.60, supported by a 15 percent gain in the Resource Index that ended the month on a historical high of 1499.18. Moderate gains of 3 percent in the Commercial/Industrial Index and a 2 percent gain in the Venture Index were also contributing factors. Market capitalization for the 1,264 companies included in the Composite Index was $7.8 billion.
 Of the 1,645 companies listed on the VSE during October, 170 posted new highs and 136 posted new lows. Most active by volume included Mill City Gold (Venture), Chutine Resources (Venture), All-North Resources (Resource), Artistic Photo Plate Creations (Venture) and Mountain Province Mining (Venture).
 Financings were up 45 percent over last months figures due in part to three large private placements totally approximately $31 million, bringing the month total to $101.1 million. Total financings raised through VSE facilities this year have reached $871.1 million.
 The VSE's share of equity trading on all Canadian exchanges decreased slightly from last year to 21 percent of the volume and 3 percent of the value.
 -0- 11/5/93
 /CONTACT: David A. Laundy, 604-689-3334/


CO: Vancouver Stock Exchange ST: British Columbia IN: SU:

LM-MF -- LA036 -- 1425 11/05/93 18:03 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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