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84-1 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


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