NASDAQ Announces Market Statistics for the First Six Months of 2004
July 13 2004 - 9:42AM
PR Newswire (US)
NASDAQ Announces Market Statistics for the First Six Months of 2004
NEW YORK, July 13 /PRNewswire-FirstCall/ -- The Nasdaq Stock
Market, Inc.'s ("NASDAQ(R)") (OTC:NDAQ) (BULLETIN BOARD: NDAQ)
Market Intelligence Desk(R) announced market statistics for the
six-month period ended June 30, 2004. YTD Ending Index 1Q 2Q
6/30/04 NASDAQ Composite(R) -0.5% 2.7% 2.2% NASDAQ-100 Index(R)
-2.0% 5.4% 3.4% NASDAQ Financial - 100(SM) 3.1% -1.9% 1.1% NASDAQ
Industrial Index(R) 4.0% 2.9% 6.9% NASDAQ Transportation Index(R)
-2.3% 11.6% 9.3% NASDAQ Bank Index(SM) 1.7% -1.3% 0.4% NASDAQ
Telecommunication Index(R) 0.2% 1.2% 1.3% NASDAQ Insurance
Index(SM) 7.2% 2.4% 9.6% NASDAQ Computer Index(R) -5.1% 4.7% -0.4%
NASDAQ Biotechnology Index(R) 7.5% -2.4% 5.0% Source: NASDAQ Market
Intelligence Desk Market Data * The NASDAQ Composite increased 2.2%
for the six-month period. This was driven by a strong second
quarter gain of 2.7% and increases in the NASDAQ Insurance (9.6%),
NASDAQ Transportation (9.3%) and NASDAQ Industrial (6.9%) composite
sub indices. * The NASDAQ Transportation Index experienced the
biggest percentage gain during the period at 9.3%. After a -2.3%
decline in the first quarter the index gained approximately 12% in
the second quarter. * NASDAQ average daily share volume for the
six-month period was 1.9 billion shares, an increase of 17% over
the comparable period last year. Total share volume for the same
period was up 17% to 234.6 billion shares. * Average daily dollar
volume for the same period was up 42% to $35.7 billion and total
daily dollar volume was $4.4 trillion up 42%. * Market
capitalization increased 30% to $3.1 trillion in comparison to the
first six months of 2003. * An average of 3.8 million trades were
executed per day during the period, an increase of 42%. Total
executed trades also increased 42% to 468.2 billion. IPOs * NASDAQ
captured 70% or 74 of the 105 IPOs during the first six months of
2004. This compares to 5 IPO's during the first six months of 2003
and 83 IPO's across all markets in all of 2003. * As shown in Table
A, NASDAQ's 74 IPOs fell within eight main sectors with the leaders
being Financials, Healthcare and Technology. Table B provides a
sector breakdown of all 105 IPOs. * 147 S-1 applications were filed
as of June 30, 2004. TABLE A - TABLE B - NASDAQ IPO Breakdown By
Sector Capital Markets IPO Breakdown Percent of Percent of Sector
Marketplace Sector Marketplace Technology 27% Healthcare 38%
Financials 22% Technology 20% Healthcare 18% Financials 19%
Consumer 16% Industrials 5% Industrials 10% Energy/Utilities 4%
Energy/Utilities 3% Telecom Services 2% Materials 2% Source: NASDAQ
Market Intelligence Desk New Listings * NASDAQ added 10 non-U.S.
companies in the first six months of 2004 bringing the total to
340. Additions included Lipman Electronic Engineering (LPMA) of
Israel, Tom Online (TOMO) of China, Geac Computer (GEAC) of Canada,
Linktone (LTON) of China, Shanda Interactive Entertainment (SNDA)
of China, Xyratex Ltd. (XRTX) of the United Kingdom, PowerDsine
Ltd. (PDSN) of Israel, Global Crossing (GLBCE) of Bermuda, Hemosol
Corp. (HMSL) of Canada, and Quanta Capital Holdings Ltd. (QNTA) of
Bermuda. * 7 NYSE companies dual listed on NASDAQ, an initiative
launched in January 2004, including American Financial Group
(NYSE:AFG), Apache Corporation (NYSE:APA), Cadence Design Systems
(NYSE:CDN), The Charles Schwab Corporation (NYSE:SCH), Countrywide
Financial (NYSE:CFC), Hewlett-Packard (NYSE:HPQ), and Walgreens
(NYSE:WAG). * Industrial Distribution Group Inc., formerly a
NYSE-listed company voluntarily delisted and switched to NASDAQ in
May 2004 NASDAQ Products and Services * NASDAQ's Closing Cross was
used to conduct the annual reconstitution of the Russell Investment
Group's 21 U.S. stock indexes on June 25, 2004. Approximately 333
million shares were executed through the Closing Cross for 1637
Russell Index stocks equating to $5.3 billion in dollar volume for
the day. * In May 2004 The NASDAQ-100 Index Tracking Stock(R)
("QQQ(SM)") was extended into Mexico, becoming the first foreign
Exchange Traded Fund (ETF) to trade in any Latin American country.
The QQQ's also became available to Japanese investors in May,
raising the number of QQQ investors to more than one million. * The
NASDAQ market center(SM), a high capacity single trading platform
for NASDAQ, NYSE and AMEX securities including ETFs, was launched
in March 2004. The fully redundant platform offers trade execution
and reporting for over 6,700 securities. About NASDAQ's Market
Intelligence Desk (MID) NASDAQ's Market Intelligence Desk utilizes
state-of-the-art technology to provide real-time monitoring that
helps issuers track their company's stock minute-by-minute. The
team is comprised of MID professionals from a variety of market
backgrounds including: sell-side and buy-side trading, electronic
and auction markets, equity research, portfolio management, and
investment banking. About NASDAQ NASDAQ is the largest U.S.
electronic stock market. With approximately 3,300 companies, it
lists more companies and, on average, trades more shares per day
than any other U.S. market. It is home to category-defining
companies that are leaders across all areas of business including
technology, retail, communications, financial services,
transportation, media and biotechnology. NASDAQ is the primary
market for trading NASDAQ-listed stocks. Approximately 51% of
NASDAQ-listed shares traded are reported to NASDAQ systems. For
more information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom(SM) at
http://www.nasdaqnews.com/ . DATASOURCE: The Nasdaq Stock Market,
Inc. CONTACT: Bethany Sherman, +1-212-401-8714 or Kellie W. May,
+1-646-441-5244, both of The Nasdaq Stock Market, Inc. Web site:
http://www.nasdaqnews.com/ http://www.nasdaq.com/
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