VANCOUVER STOCK EXCHANGE MAINTAINS PACE
VANCOUVER STOCK EXCHANGE MAINTAINS PACE VANCOUVER, British Columbia, Nov. 5 /PRNewswire/ -- The Vancouver
Stock Exchange (VSE) maintained its upward momentum during October as volume and value gained over September's totals to their highest levels in over a year.
October's volume was up five percent over the previous month to 370 million shares, while the value of shares traded was up marginally at $340 million. October's volume and value increased by 23 percent and 32 percent respectively, over the same period in 1990. The number of transactions in October surpassed the 100,000 level for the first time since August, 1990. October's transactions showed a 10 percent increase over September and a 25 percent increase over the average of the previous nine months. Large transactions continued to account for a significant portion of trading as they marginally increased their share of total VSE value over the previous month to 26 percent. Included in this figure was a trade worth $19.6 million, the largest since the Senior Board trades were recorded in 1989. The VSE Composite Index declined during mid-month, but staged a recovery in the final days of October to close within a fraction of the previous month's close as gains in the Senior Board sub-indices offset a slight decline in the Venture Index. October's Composite close was up eight percent over the same time last year. This is the first year-on-year increase since July 1990, when the Index gained 10 percent over July 1989. At the end of the month, the capitalization of the 1,505 stocks included in the Composite Index was $3.6 billion. Despite the number of large transactions, the Senior Board's share of total VSE trading at 13 percent of the volume and 45 percent of the value, was off slightly from the previous month. The VSE's share of total trading on all Canadian exchanges slipped slightly from the previous month to 35 percent of the volume and four percent of the value, as the other exchanges made strong gains in trading activity. Financings for October were up 44 percent over the previous month, influenced by a 58 percent increase in Private Placements. Equity and gold options cleared through Trans Canada Options were up sharply in October. The number of contracts traded in October was 60 percent higher than the average over the previous nine months of 1991. Of the 2,102 issues listed on the VSE at month end, 108 reached new highs and 254 posted new lows. The most active stocks by volume included: Springer Resources, Cove Resources, Barkhor Resources, Chapleau Resources and Arrowhead Resources (all from the Venture Section). Listings During October, three companies newly listed on the Vancouver Stock Exchange. One is involved in the development and marketing of computer fault tolerance software (Venture Section), one in the exploration acquisition and development of natural resource properties (Venture Section), and the third is engaged in the business of supplying, maintaining, leasing and distributing computer equipment (Senior Board, Exempt). This month's new listings compared equally to September's three new listings, and seven in October of 1990. In the last month, three companies were upgraded to the Senior Board, all to the Resource Section, bringing the total number of companies in the Senior Board to 348. There was one delisting in October, the same as last month and compared to five in October, 1990. -0- 11/5/91 /CONTACT: David A. Laundy of the Vancouver Stock Exchange, 604- 689-3334/ CO: The Vancouver Stock Exchange ST: British Columbia IN: SU: EH -- LA032 -- 1482 11/05/91 19:36 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 5, 1991|
|Previous Article:||THE RIGHT START INC. ANNOUNCES OPENING OF ITS FIRST RETAIL STORE IN WESTLAKE VILLAGE|
|Next Article:||KOMAG APPOINTS VICE PRESIDENT FOR QUALITY AND PRODUCT INTEGRATION|