Trading value on TSX Venture exchange up 237%

Trading value on Canada’s national venture exchange was up more than 230% for the year to May 30, TSX Group Inc. says.

The TSX Group says value on the S&P/TSX Venture Exchange was almost $5.4 billion for the year to the end of May vs $1.6 billion for the same period in 2003, a jump of 237.1%. Volume over the same period was running 90% ahead.

New equity financings totaled almost $1.9 billion, a jump of 184% from a year ago. The S&P/TSX Venture composite index closed at 1609.99 on May 30, down 8.1% from Dec. 31.