The total value of stock traded on the Montreal Exchange increased by 16% in 1992 over 1991, compared with an increase of 13% of equity value traded for the Canadian market as a whole, preliminary figures indicate.
During the year, the exchange’s Canadian market share for value traded rose to 20.8% from 20.3%.
In publicizing the preliminary results for 1992, ME President Bruno Riverin said “trading activity in the Canadian securities market is expected to grow in 1993. Listed companies are returning to profitability and are further improving their balance sheet with more equity capital.
“Moreover, the low rate of inflation will continue to put downward pressure on interest rates and this, combined with reports such as those of the OECD stating that Canada will have the highest rate of economic growth among the industrialized nations in 1993 and 1994, augers well for both the Canadian securities industry and the exchange.”
The total value of shares traded on all Canadian exchanges during 1992 was $102 billion. Equity value traded at the ME grew to $21.21 billion in 1992 from $18.33 billion in 1991.
During the year, the ME’s market portfolio index fell 7.19%, to 1,726.73 points on Dec. 15 from 1,860.43 at 1991 year-end. All of the six sectorial indices also declined; mining and minerals was off 5.44%.
There were 584 companies with 886 issues listed for trading at year-end; 21 companies were newly listed in 1992, including CMP Resources, Novicourt, Swift Minerals and Tiomin Resources.
Be the first to comment on "Value of trades increases on ME"