TMX Group Inc. revealed on Friday that the number of transactions on the Toronto Stock Exchange rose in March on a month-over-month and year-over-year basis.

In terms of value, those transactions rose month-over-month, but fell year-over-year.

There were 20.6 million transactions in March, up from both 14 million transactions in the same period a year earlier and 15.8 million transactions in February.

Those transactions amounted to $134.4 billion in value in March, down from $163.8 billion in March 2008 and up from $107 billion in February.

Initial public offerings rose in March to six from four in the same period a year earlier and two in February. Those IPOs raised $169 million vs $132 million in March 2008 and $112 million in February.

Secondary financings dropped in March to $2.4 billion from $2.6 billion a year earlier and $3.8 billion in February. Supplemental financings increased significantly, to almost $2.2 billion from $1 billion in March 2008 and $379 million the preceding month.

Total financings raised totalled $4.7 billion in March, up from $3.7 billion in the same month in 2008 and $4.3 billion in February.

The total market capitalization of listed issues decreased year-over-year, to 1.3 trillion from $2 trillion, but rose from $1.2 trillion in February.

On a year-to-date basis, the value of transactions was down almost 27% in the first quarter, to $345.9 billion from $473.1 billion in Q1 2008. The total number of transactions rose almost 26% to 51.9 million from 41.3 million.

The number of IPOs fell to eight in Q1 from 21 in the same period a year earlier. However, total financings raised rose to $12 billion from $9 billion as supplemental financings increased by 178%, to $4.8 billion from $1.7 billion.