Graduates
There were 3 graduates to the Toronto Stock Exchange in November 2002. The total number of YTD graduates has increased to 24. This represents 22% of the senior market's new listings this year compared to 36% for the same period last year.
Financing
As of November 29, there were 1,723 financing deals on the TSX venture market that raised a total of $1.3 billion, an increase of 30% from the same time last year of $998.2 million through 1,425 financing deals.
The average size of each financing is $0.75 million, an increase of 7% from $0.70 million during the same time last year.
The Mining sector continued to lead the way in financing, raising a total of $508.1 million (representing 39%). The Oil & Gas sector followed closely with $371.6 million financing (representing 29%). The Technology sector captured 12% of the financing with $156.7 million raised as of the end of November 2002.
EAGC Venture Corp., a gold mining company, raised $65.8 million through a private placement in November, the largest single deal so far this year. VOXCOM Incorporated completed the next largest single deal this year, raising $35.9 million through a private placement in July 2002.
New Listings
There were 4 new listings in the month of November, bringing the YTD total to 77. New listings declined 53% compared to the same period last year. (This excludes the 108 Montreal Exchange transfers in October 2001).
The Capital Pool program generated 49% of the new listings. 22% of the new listings were from the mining sector and 6% were from the oil & gas sector.
Regional breakdown of new listings is as follow: BC (29%), Alberta (35%), Saskatchewan & Manitoba (3%), Ontario (16%), Quebec (13%), Atlantic Canada (3%) and Foreign (3%).
Index
The S&P/TSX Venture Composite Index closed at 960.81 on November 29, 2002. This represented a decrease of 7% since the beginning of 2002. This compares favourably with other North American indices: S&P/TSX Composite Index is down 15%, the NASDAQ Composite is down 24% and the Dow Jones Industrial Average is down 11%.
TSX are the initials attached to the core operations of the TSX Group: Toronto Stock Exchange, TSX Venture Exchange, TSX Markets and TSX Datalinx. TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
