Trading activity on the Canadian Venture Exchange (CDNX) tapered off as technology stocks retreated from the heights reached earlier this year.

The volume of shares traded on CDNX declined from 2.5 billion in March to 981 million shares in April, a decrease of 61 per cent. The value of shares traded during April was $1.4 billion, down from the $4.2 billion traded during March.

Launched at 2000 in November, 1999, the CDNX Index closed at 3559.69 on April 28, a decrease of 18 per cent over March. The technology index dropped by 28 per cent during the same period, while the mining index lost eight per cent and the oil & gas index held its ground.

There were ten new listings during April, contributing to a total of 42 new listings this year. April’s new listings included: Brasilca Mining Corporation Organic Earth Corp.; Copper Mountain Mines Ltd.; Skyline Gold Corporation; Eveolution Ventures Inc.; New Horizons Capital Corp.; A.C. Global Capital Corp.; Mega Capital Investments Inc.; CZM Capital Corp.; and, Emerging Ventures Corp. Additionally, there was one reverse take-over (RTO) in April, Protector Industries Ltd., bringing the total number of RTOs for 2000 to three.