The TSX Venture Exchange (TSX-V) hit a new daily volume trading record Thursday, with volume hitting 608,723,293 shares.
“There’s great momentum and interest in the companies that are listed on the TSX Venture Exchange.” said Carolyn Quick, director of corporate communications for TMX Group, noting that high commodities prices are likely playing a role.
The TSX-V, she noted, includes small companies across all sectors, but is weighted towards energy and resources companies.
Quick said this is the fourth new high the TSX-V has hit since October, with the last high of 527,777,070 set November 9, 2010. She also noted that the Toronto Stock Exchange and the TSX-V hit a combined new high in December.
“There’s certainly good investor confidence in the TSX Venture Exchange,” she said. “It’s a very well-monitored and highly-regulated market, so investors can have confidence that the companies that are listed there – while it is a higher-risk investment, because they’re junior, emerging companies – but they are well-regulated and monitored.”
Trading volume on TSX-V in 2010 was nearly 68 billion shares, which represents a 45% increase compared to 2009.