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VSE YEAR-TO-DATE VOLUME/VALUE FIGURES EXCEED 1992 TOTALS

 VANCOUVER, British Columbia, Sept. 8 /PRNewswire/ -- Vancouver Stock Exchange trading levels for the first eight months have surpassed last year's total share volume and value despite lighter summer trading.
 1992 volume/value figures were 3.89 billion and $3.57 billion, respectively, while 1993 year-to-date figures closed August at 3.91 billion shares traded with a value of $4.62 billion dollars.
 At 430 million shares traded, volume was up 75 percent from August 1992 but down 6 percent from last month. The value of shares traded during August ebbed to $501.9 million, off 16 percent from last month but more than 135 percent higher than August of last year.
 The Exchange's Senior Board share of total VSE volume eased marginally from July to 15 percent, while maintaining its portion of 35 percent of the total value of shares traded.
 Financings on the VSE swelled by 75 percent during August as a 64 percent rise in private placement financings (in part due to a single private placement of $45 million) continued the elevate the amount of capital raised through the Vancouver Stock Exchange. More than $693 million has been raised through VSE facilities this year.
 The VSE's share of the Canadian Exchanges trading activity maintained its traditional second-place position behind the TSE, easing slightly to 22.7 percent while share value followed the trend by dipping marginally to 3.3 percent.
 A surge late in the month brought the VSE Composite Index to a close of 1004.47 at month-end up fractionally from July's close. The Commercial/Industrial Index led the sub-indices with a 13 percent gain to close at 1089.92. The Resource Index gained a marginal 2 percent and Venture index shed the same amount, closing at 1375.32 and 786.24, respectively. At the end of August the market capitalization of the 1,262 stocks included in the Composite Index was $6.9 billion.
 Of the 1,792 issues listed on the Exchange during the month 162 posted new highs and 122 posted new lows.
 Listings
 During the month of August three new companies were listed, compared to four last month and one in August of 1992. The Senior Board listings included a company involved in the retail sale of computers, electronic products and one involved in the design and supply of computer-based systems. The Venture company is involved in the exploration and development of oil and natural gas properties.
 Two Reverse Takeovers were completed during August, compared to seven last month and three in August of 1992. Classified as Venture companies, one is involved in the telecommunications business, the other in the development of real estate properties.
 Six companies were upgraded from the Venture section to the Senior Board this month, compared to two last month and four in August of 1992.
 A total of two companies were delisted during August, compared to six in July and three in the same month of 1992.
 -0- 9/8/93
 /CONTACT: David A. Laundy, 604-689-3334/


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

JL -- LA051 -- 0066 09/08/93 20:52 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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