The dollar value of trading on Nasdaq® in 2000 was valued at a record $20.4 trillion. That exceeds the previous record of 11.0 trillion in 1999 by 85.2 percent.
The Nasdaq Composite Index® closed at 2470.52, a decline of 39.29 percent from the end of 1999. Over the past five years, however, the Composite’s average annual increase was 26.05 percent.
At year’s end, the market value of the nearly 4,800 companies listed on Nasdaq totaled $3.6 trillion, a decrease of 31 percent from year-end 1999.
Nasdaq’s Electronic Systems Perform at Record Levels
The Nasdaq Stock Market’s electronic trade quotation, execution, and reporting systems set new performance records in 2000. On average, the systems functioned as expected 99.96 percent of the time they were supposed to be in operation last year, a period in which trading of Nasdaq shares reached unprecedented levels. That compares favorably with a 99.92 percent operating rate in 1999.
International Listings Continue Growth in 2000
119 non-U.S. companies listed on Nasdaq in 2000, 19 of which listed in the fourth quarter alone. The following are examples of companies that raised capital for the first time on Nasdaq in the fourth quarter.
- Alcatel Optronics (ALAO) of France, which raised U.S. $1.2 billion; and
- Telenor ASA (TELN) of Norway, which raised U.S. $1.7 billion.
