Graduates
- There were 3 graduates to the Toronto Stock Exchange in February 2003. The total number of YTD graduates has increased to 5. This represents 35.7% of the senior market's new listings this year compared to 25.0% for the same period last year.
Financing
- As of February 28, there were 418 financing deals on the TSX venture market that raised a total of $319.7 million, an increase of 72.4% from the same time last year of $185.1 million through 384 financing deals.
- The average size of the financings increased from $0.48 million to $0.76 million compared to a year ago, an increase of 58.3%.
- The Mining sector led the way in financing, raising a total of $144.0 million (representing 45% of the total YTD). The Oil & Gas sector followed closely with $104.9 million financing (representing 33% of the total). The Technology sector captured 13% of the financing market with $41.5 million raised as of the end of February 2003.
- Shellcase Ltd., a technology company completed the largest single financing as of the end of February 2003, raising USD $13.2 million (approximately CDN $20.0 million using average exchange rate for February 2003) through a private placement. Aventura Energy Inc. was next, raising a total of $12.0 million through a private placement in January 2003.
New Listings
- There were 3 new listings in the month of February. Year-to-date new listings declined 65.0% compared to the same period last year.
- The Capital Pool program generated 57% of the new listings. 29% of the new listings were from the mining sector.
- Regional breakdown of new listings is as follow: Ontario (57%) and Quebec (43%).
Index
- The S&P/TSX Venture Composite Index closed at 1,106.55 on February 28, 2003. This represented an increase of 3.0% since the beginning of 2003. This compares favorably with other North American indices: S&P/TSX Composite Index was down 0.9%, the NASDAQ Composite was down 1.3% and the Dow Jones Industrial Average was down 5.4% since the beginning of January 2003.
About TSX Group
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.
