Nasdaq set new records in 1999; Composite Index shatters 4000, share volume reaches all-time record; 484 initial public offerings and 63 new non-U.S. listings.

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M2 PRESSWIRE-31 January 2000-NASDAQ: Nasdaq set new records in 1999; Composite Index shatters 4000, share volume reaches all-time record; 484 initial public offerings and 63 new non-U.S. listings (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:28012000 Washington, D.C. -- The Nasdaq Stock Market ended 1999 in record territory, continuing its fifth consecutive year of record gains.

The Nasdaq Composite Index experienced the greatest point and percentage gain in its 28 year history, closing at 4069.31. The Index gained 1876.62 points and 85.59 percent for the year. The Nasdaq Composite Index also eclipsed the 3000 and 4000 point milestones during the last quarter of 1999. Final figures demonstrate that share volume for the year reached 272.6 billion, up...