TSE volumes, value decline

While the value of shares traded on the Toronto Stock Exchange was down 23.5% in 1990 from 1989 levels, the exchange remains second only to the New York exchange in North America.

In 1990, $64 billion worth of shares changed hands on the TSE, down from $83.6 billion in 1989. The volume of shares also fell by 13.2% in 1990, to 5.7 billion from 6.5 billion.

On the New York Stock Exchange, the value of activity declined to $1.5 trillion from $1.8 trillion in 1989, while year-over- year volumes slid to 39 billion shares from 41.6 billion.

Analysts blamed the economic recession, the Persian Gulf war and high interest rates for the drop in trading activity which brought the value of shares traded on Canada’s five exchanges down 22.5% in 1990 to $84.1 billion. Overall volumes across Canada also decreased by 8.4%, to 11.8 billion shares from 13 billion a year ago.

Because of speculation on companies involved in the Eskay Creek gold discovery in northwestern British Columbia, the value and volume of share activity on the Vancouver Stock Exchange was up slightly in 1990 from 1989 levels.

In Vancouver, $4.1 billion worth of shares changed hands in 1990 compared with $3.8 billion in 1989, while share volumes rose to 4.1 billion shares from 3.9 billion in the previous year.

The TSE accounted for 76.1% of the dollar value traded and 47.9% of the volume of shares traded in Canada last year.

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