- There were 3 graduates to Toronto Stock Exchange in November 2004, bringing the total number of year-to-date (YTD) graduates to 52. These graduates represent 31.0% of the senior market's new listings this year compared to 38.9% for the same period last year.
- As of the end of November 2004, 14 TSX Venture companies have been acquired by/merged with TSX listed companies.
Year-To-Date Financing
- As of the end of November, there were 1,937 financing deals on TSX Venture, raising a total of $3,725.0 million, an increase of 97.7% from last year’s $1,884.5 million through 1,939 financing deals for the comparable period to the end of November 2003.
- Year-over-year, the average size of the financings has increased from $0.98 million to $1.91 million, an increase of 94.9%.
- As of the end of November, the Mining sector is leading the way in financing, raising a total of $2,158.4 million (representing 57.9% of the total). The Oil & Gas sector is second with $858.8 million (representing 23.1% of the total). The Technology sector has captured 6.4% of the financing with $237.3 million raised.
- South Atlantic Ventures Ltd., a mining company, completed the largest single financing year-to-date, raising $160.0 million through a public offering deal in June. European Goldfields Limited, another mining company, completed the next largest single financing year-to-date, raising $91.0 million through a private placement deal in November.
Year-To-Date Going Public Activity
- There were 15 new listings in the month of November. Year-to-date new listings have increased 93.9% compared to the same period in 2003.
- The Capital Pool Company (CPC) program has generated 61.7% of the new listings, 18.0% from the Mining sector and 9.4% from the Oil & Gas sector.
- The regional breakdown of new listings is as follows: Alberta (25.8%), British Columbia (21.1%), Ontario (21.9%), Quebec (20.3%), Manitoba and Saskatchewan (4.7%), Atlantic Canada (0.8%) and Foreign (5.5%).
- As of November 2004, there were 26 Reverse Take Over transactions, 59 Qualifying Transactions and 106 Initial Public Offerings (IPOs), including CPCs.
S&P/TSX Venture Index
- The S&P/TSX Venture Composite Index closed on November 30, 2004 at 1,754.4, an increase of 0.2% from the beginning of 2004. The S&P/TSX Composite Index was up 9.8%, the NASDAQ Composite increased 4.7% and the Dow Jones Industrial Average decreased 0.2% over the same period.
Market Capitalization 1
- The market capitalization for TSX Venture Exchange equities was $22.9 billion as of November 2004 – an increase of 6.5% from October 2004 and an increase of 16.2% from the same period last year.
1 The TSX Venture Statistics - October 2004 Background Commentary media release reported revised September and August 2004 Market Cap figures for the combined TSX Venture and NEX exchanges and not for the TSX Venture Exchange only. Revised figures for the TSX Venture Exchange only are: September 2004 Market Cap revised to $21.4 Billion from the previously reported $22.0 Billion; August 2004 Market Cap revised to $20.7 Billion from the previously reported $20.3 Billion.
NEX Statistics – November 2004 Background Commentary
Financing
- There were a total of 8 private placements in the month of November, raising a total of $10.3 million. This represents an increase of 347.8% compared to the $2.3 million raised in October 2004.
- As of the end of November 2004, there were 108 financing deals on NEX, raising a total of $52.1 million. YTD comparable figures for 2003 are not available because NEX was launched in August 2003.
Trading Activity for the Month
- Total volume traded was 36.0 million shares, representing a rise of 1.4% over October 2004 but a drop of 31.7% from November 2003.
- Total value traded was $10.9 million, an increase of 84.7% from the $5.9 million traded in October 2004 but a decrease of 31.9% from November 2003.
- The total number of transactions for November was 5,703, an increase of 35.9% from October 2004 and a decrease of 21.5% from November 2003.
- 7 companies graduated to TSX Venture in the month of November
Market Capitalization
- The market capitalization for NEX equities was $281.5 million as of November 2004 – a decrease of 6.8% from October 2004 but an increase of 2.6% from November 2003.
About TSX Group Inc.
TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets as well as NGX, a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx and TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
