Canadian stock market activity was more turbulent in February, as an investor frenzy fueled by a social media movement sent stocks of some companies like BlackBerry soaring.
Total volume across all TMX’s stock markets – Toronto Stock Exchange, TSX Venture Exchange, Alpha TSX Exchange and Montreal Exchange – rose to 26.2 billion shares in February, from 20.6 billion shares in January and 12 billion shares in February 2020.
The value of transactions rose 10.9% from January to $ 251.8 billion, as the number of transactions in February climbed 15.6% from the first month of the year to nearly 35.9 million.
The average daily volume in February was $ 1.38 billion, with nearly 1.9 million transactions valued at a total of almost $ 13.3 billion.
Total volumes for the first two months of 2021 doubled to 46.8 billion shares compared to the same period in 2020, while the number of trades increased 46% to over 66.8 million. The value of transactions totaled nearly $ 478.8 billion, up 34% year-on-year.
Canada’s largest stock market, the Toronto Stock Exchange, accounted for 79% of the total number of trades in February and 87% of the total value.
There were an average of 1.5 million transactions per day, valued at a total of $ 11.5 billion, up from 1.26 million in January, valued at nearly $ 10 billion.