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VANCOUVER MARKET MAINTAINS MOMENTUM

 VANCOUVER MARKET MAINTAINS MOMENTUM
 VANCOUVER, British Columbia, March 6 /PRNewswire/ -- The Vancouver


market retained much of the momentum gained during January as prices continued to advance on active trading throughout February.
 Total volume and value dipped slightly from last month's totals to 381 million shares and $401 million respectively. February's volume was an increase of 23 percent over same period in 1991, while value of shares traded increased by 38 percent.
 The Vancouver Stock Exchange (VSE) Composite Index rallied late in the month to touch a new high for 1992 at 678.89, up 7 percent over the previous month. The Venture sub-index made the largest advance, as it closed up 9 percent over the previous month, compared to 3 and 2 percent increases for the Commercial/Industrial and Resource sub-indices. While the Commercial/Industrial index has steadily outperformed the other sub-indices during the past 14 months, the Venture index was the top performer during January and February 1992. At the end of the month, the capitalization of the 1,462 stocks included in the Composite Index was $4.7 billion.
 The Composite has added 24 percent since the beginning of the year, far out-pacing the 2 percent gain made by the Toronto Stock Exchange (TSE) 300 Composite and the 3 percent gain made by the Dow Jones Industrial Average.
 The senior board's share of total trading fell from the previous month to 14 percent of volume and 34 percent of the value as trading on the senior board failed to match the strong gains made by the Venture Section.
 The VSE maintained the pace set in January, while trading on the other Canadian exchanges tapered off. This allowed the VSE to increase its share of total trading of all Canadian exchanges to 34 percent of the total volume and 5 percent of the total value, up from 31 and 4 percent, respectively in January.
 Financings totals for the first two months of 1992 are almost double those of the same period in the preceding year. A threefold increase in initial public offerings and a 142 percent increase in private placements contributed to the increase.
 Of the 2,088 issues listed on the VSE at month end, 193 reached new highs and 105 posted new lows for a ratio of 1.8-to-1, the highest since these statistics were recorded in 1990. The most active stocks by volume included: V-Tech Diagnostics (Venture), Goldbelt Resources (Resource), Melinga Resources (Venture), Layfield Resources (Venture) and International Consort Industries (Venture).
 The VSE began exclusive trading of options on the common shares of Clearly Canadian Beverage Corp. on Feb. 3, bringing the total number of Trans Canada Option classes traded on the VSE to 22.
 Listings
 During the month of February, four companies were newly-listed on the VSE. Two of the companies are engaged in the acquisition, exploration and development of mining properties, one is engaged in the transfer of biotechnology from the research departments of universities to the commercial marketplace, and one manufactures sanitary paper/polyethylene products. All four companies are listed in the Venture section. The assets of the two mining companies are located in British Columbia and Arizona, the interests of the sanitary paper products manufacturer are based in British Columbia, and the biotechnology company operates mainly in the United States.
 February's new listings compare to five last month and four in February 1991. The number of companies delisted this month was nine compared to four last month and 13 in February 1991.
 -0- 3/6/92
 /CONTACT: David A. Laundy of Vancouver Stock Exchange, 604-689-3334/ CO: Vancouver Stock Exchange ST: British Columbia IN: SU:


AL -- LA012 -- 5908 03/06/92 13:46 EST
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Date:Mar 6, 1992
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