(September 6 – 14:40 ET) – The Canadian Venture Exchange closed at 3,513.08, in August. That’s 7% more than its final closing in July and 50% since the beginning of the year.

The oil & gas index led all sectors with a 12% gain during the month, followed by the mining index up 9% and the technology index with an increase of 7%.

Other market activity measures also turned around from July with the volume of shares traded up seven per cent to 744 million during the month, and transactions rising three per cent from July levels to 207,221. The value of shares, however, eased by five per cent to $629 million.

There were 19 new listings in August, 10 of which were capital pools,bringing the total to 112 new listings during the first eight months of 2000.

Five capital pool qualifying transactions were completed during August for a total of 52 so far this year. There were no reverse take-overs during the month.

The CDNX was launched in November 1999 with some 2,300 listed companies active in the technology, resource, industrial and manufacturing sectors.
-IE Staff