successful.

Volume has increased enormously since its introduction in February and there have been a number of rallies, stirring investor interest.

As the chart at left shows, daily trading and the involvement of independent investment advisors have added to the volatility of the Exchange Index.

The Exchange enjoyed its first rally in late May, jumping some 50 points to break the 1000 point barrier and it then took off in July, soaring past 1200 by the middle of the month.

Part of the rise was due to the rapid increase in the value of Commercial Bank shares, and when that bubble was pricked -- by the bank itself -- profit taking ensued and the Index plunged back to around 1150.

The market enjoyed a second, smaller rally in October, briefly returning to the 1200 mark before a second round of profit taking last month. Now it looks like it is heading back up, although volume may be light.