Nasdaq-World's biggest Stock Market by Dollar Value

The dollar value of trading on Nasdaq® was $11.0 trillion for 1999-up 90 percent from the previous record of $5.8 trillion in 1998 making Nasdaq the World's biggest stock market by dollar value traded. The market value of the 4,829 companies listed on Nasdaq end 1999 stood at $5.2 trillion, showing a 12 month growth of 106.2 percent from year-end 1998 compared to NYSE's 11.4 percent growth for the same period. 63 new non-U.S. companies listed on Nasdaq in 1999. 484 initial public offerings (IPOs) raised $50.4 billion and 281 secondary offerings raised $53.5 billion in 1999. An average of over 1.08 billion shares were traded per day in 1999 - up 34.7 percent from an average of 802 million shares per day in 1998. Share volume reached an all-time record of 272.6 billion in 1999 - up 35 percent from 202 billion in 1998. Over one billion shares were traded on 136 trading days in 1999. An average of 1.732 billion shares were traded during the first two months of 2000 - up 70 percent as compared to the daily average volume of 1.017 billion shares during the first two months of 1999 . On March 1st 2000 2.230 billion shares were traded-over two billion shares were also traded on February 17th and February 29th 2000. At the end of 1999 the Nasdaq Composite Index® closed at 4069.31 up 1876.62 points, or 85.59 percent for the year-the greatest point and percentage gain in its 28 year history. On March 1st 2000 the Nasdaq Composite closed at a record high for the thirteenth time in 2000 at 4784.08 gaining 87.39 points-up 714.77 points and 17.56 percent for the year. On February 23rd 2000 the Nasdaq Composite Index closed 168.21 points up for the day-the largest one-day point increase since Nasdaq was established 29 years ago. The Nasdaq-100 Index® gained 101.95 percent in 1999. The Nasdaq-100 Index broke 4000 barrier on February 2nd 2000.