The mining and minerals index of the Montreal Exchange gained by 3.5% in 1991, according to statistics released by the ME. The general market portfolio index performed even better, closing ahead on the year by 7.8%.
The value of stocks traded on the ME’s equity market in 1991 totalled $18.3 billion, up 19% from the previous year. At the end of last year, 609 companies were listed on the ME, including 18 newly listed in 1991; at year-end 1990, 657 companies were listed. The total number of issues listed at year-end were 926, down from 971 the previous year.
The average daily trading value last year was $72.8 million; the weekly average, $353 million; and the monthly average,
$1.6 billion. The highest daily total value traded occurred Oct. 16, while the “best” week was Dec. 16-20.
Daily trading last year averaged 5.4 million shares.
Across Canada, the ME’s market share of total Canadian dollar value traded increased to 20.3% from 18.3%; the ME is second to The Toronto Stock Exchange in terms of value traded. In terms
of the number of shares traded, the ME ranks third behind the TSE and the Vancouver Stock Exchange.
In addition to its equity market, the ME operates futures and options markets.
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