Graduates
- There were 9 graduates to the Toronto Stock Exchange in March 2003. The total number of YTD graduates has increased to 14. This represents 53.8% of the senior market's new listings this year compared to 27.8% for the same period last year.
Financing
- As of March 31, there were 567 financing deals on the TSX venture market that raised a total of $456.9 million, an increase of 71.9% from the same time last year of $265.4 million through 540 financing deals.
- The average size of the financings increased from $0.49 million to $0.81 million compared to a year ago, an increase of 58.3%.
- The Mining sector led the way in financing, raising a total of $225.4 million (representing 49% of the total YTD). The Oil & Gas sector followed closely with $133.2 million financing (representing 29% of the total). The Technology sector captured 10% of the financing market with $46.3 million raised as of the end of March 2003.
- Canico Resource Corp., a mining company, completed the largest financing deal in the month of March, raising $17.2 million through a private placement. Shellcase Ltd., a technology company, completed the largest single financing year-to-date as of the end of March 2003, raising USD $13.2 million in February (approximately CDN $20.0 million using average exchange rate for February 2003) through a private placement.
New Listings
- There were 6 new listings in the month of March. Year-to-date new listings declined 51.9% compared to the same period last year.
- The Capital Pool program generated 46% of the new listings. 38% of the new listings were from the mining sector.
- Regional breakdown of new listings is as follow: British Columbia (15%), Alberta (15%), Ontario (38%) and Quebec (31%).
Index
- The S&P/TSX Venture Composite Index closed at 1,106.55 on March 31, 2003. This represented a decrease of 1.4% since the beginning of 2003. Other North American indices also experienced a decline: S&P/TSX Composite Index was down 4.1%, the NASDAQ Composite was down 1.1% and the Dow Jones Industrial Average was down 4.2% 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.
