National Market System to Expand to 728 Issues January 17; and Year-End NASDAQ Market Highlights
TO: All NASD Members and Level 2 and Level 3 Subscribers
NASDAQ 1983 SHARE VOLUME REACHES 15.9 BILLION MARK; 88.7% INCREASE OVER RECORD 1982 8.4 BILLION
1983 NASDAQ volume reached 15.9 billion shares, an all-time record and an 88.7% increase over 1982 volume. The 15.9 billion shares represented 74% of the NYSE's 1983 volume and 750% of that of the AMEX.
On the last trading day of 1983, NASDAQ volume exceeded that of the NYSE floor by nearly seven million shares. This was the seventh time in 1983 that NASDAQ daily volume was higher than that of the NYSE. Average daily volume for 1983 was 62.9 million as compared to 33.3 million in 1982. A record for daily volume was set on June 16 when 95.2 million shares were traded.
The NASDAQ Composite Index closed at 278.60, gaining 19.9% during 1983 and outperforming the NYSE Composite and the Standard and Poor's 500 indices. The six NASDAQ subindiees performed as follows:
|
Closing Value |
Present Change Over 1982 Closing |
|
|
Industrial |
323.68 |
+18.3 |
|
Other Finance |
277.53 |
+33.7 |
|
Bank |
203.75 |
+30.3 |
|
Insurance |
257.83 |
+13.8 |
|
Utility |
269.39 |
-5.9 |
|
Transportation |
280.80 |
+43.6 |
The total number of securities on NASDAQ at year-end was 4,467, up 803 from 1982 and the number of companies reached 3,901, an increase of 637 from the year before.
In December, NASDAQ share volume hit 1,327,253,000 shares for a daily average of 63,202,524 shares during 21 trading days. For the month, NASDAQ volume was 71.8% of the NYSE's 1,848,836,000 shares and 910.2% of the AMEX's 145,720,000 shares.
NATIONAL MARKET SYSTEM TO EXPAND TO 728 ISSUES ON JANUARY 17
An additional 50 issues will voluntarily join the NASDAQ National Market System on Tuesday, January 17, bringing the total number of NMS securities to 728. These 50 issues meet the SEC's criteria for voluntary designation, which include average monthly trading volume of 100,000 shares and a minimum bid price of $5.
The 50 issues scheduled to join NMS on Tuesday, January 17, are:
|
SYMBOL |
SECURITY |
LOCATION |
|
ABEV |
Allegheny Beverage Corporation |
Baltimore, MD |
|
ACIX |
American Carriers, Inc. |
Overland Park, KS |
|
ASAI |
Atlantic Southeast Airlines, Inc. |
College Parkway, |
|
AZTC |
Aztec Manufacturing Co. |
GA Crowley, TX |
|
BELL |
Bell National Corporation |
San Mateo, CA |
|
BHSL |
Beverly Hills Savings and Loan Association |
Beverly Hills, CA |
|
BGPH |
Bishop Graphics, Inc. |
Westlake Village, CA |
|
BRSL |
Bristol Corporation |
Elkhart, IN |
|
BSCO |
Burnham Service Corporation |
Columbus, GA |
|
CPIC |
CPI Corp. |
St. Louis, MO |
|
CRBRA |
Cerberonics, Inc. (Cl A) |
Bailey's Crossroads, VA |
|
CHMX |
Chemex Pharmaceuticals, Inc. |
Denver, CO |
|
COMR |
Comair, Inc. |
Cincinnati, OH |
|
CHRZ |
Computer Horizons Corporation |
New York, NY |
|
CSRE |
Comshare, Incorporated |
Ann Arbor, MI |
|
CPER |
Consolidated Papers, Inc. |
Wisconsin Rapids, WI |
|
CRMP |
Crump (E. H.) Companies, Inc. |
Memphis, TN |
|
DBAS |
DBA Systems, Inc. |
Melbourne, FL |
|
DSCP |
Datascope Corporation |
Paramus, NJ |
|
DATA |
Endata, Inc. |
Nashville, TN |
|
FFSH |
Farm Fresh, Inc. |
Norfolk, VA |
|
FSAW |
First Savings Association of Wisconsin |
Milwaukee, WI |
|
GAEO |
Galileo Electro-Opties Corporation |
Sturbridge, MA |
|
GMIC |
General Microwave Corporation |
Farmingdale, NY |
|
HCRX |
Health Care and Retirement Corporation of America |
Lima, OH |
|
HELE |
Helen of Troy Corporation |
El Paso, TX |
|
HURC |
Hurco Manufacturing Company, Inc. |
Indianapolis, IN |
|
JSON |
Josephson International Inc. |
New York, NY |
|
MSSL |
Mid-State Federal Savings and Loan Association |
Ocala, FL |
|
NCTY |
National City Corporation |
Cleveland, OH |
|
NBTY |
Natures Bounty, Inc. |
Bohemia, NY |
|
NWRK |
Networks Electronic Corp. |
Chatsworth, CA |
|
OCIL |
Ocilla Industries, Inc. |
New York, NY |
|
PHON |
Phone-Mate, Inc. |
Torrance, CA |
|
PIOS |
Pioneer-Standard Electronics, Inc. |
Garfield Heights, OH |
|
PWRC |
Power Conversion, Inc. |
Elm wood Park, NJ |
|
PWTC |
Powertec Inc. |
Chatsworth, CA |
|
QMSI |
Quality Micro Systems, Inc. |
Mobile, AL |
|
QMED |
Quest Medical, Inc. |
Carrollton, TX |
|
QMEDW |
Quest Medical, Inc. (wts) |
Carrollton, TX |
|
REIN |
Raymond Engineering, Inc. |
Middletown, CT |
|
RTCH |
Radiation Technology, Inc. |
Rockaway, NJ |
|
RHAB |
Rehab Hospital Services Corporation |
Mechanicsburg, PA |
|
REXN |
Rexon Incorporated |
Culver City, CA |
|
SCNN |
Scan-Tron Corporation |
Long Beach, CA |
|
SSSV |
Scientific Systems Services, Inc. |
Melbourne, FL |
|
SPAN |
Span-America Medical Systems, Inc. |
Greenville, SC |
|
VALU |
Value Line, Inc. |
New York, NY |
|
WCAT |
WICAT Systems, Inc. |
Orem, UT |
|
WINNS |
Winn Enterprises |
Fullerton, CA |
Any questions regarding this notice should be directed to Donald Bosic, Assistant Director, NASDAQ Operations, at (202) 728-8043. Questions pertaining to trade reporting rules should be directed to Steve Hickman at (202) 728-8202.
Sincerely,
John T. Wall
Executive Vice President
Member and Market Services