On Wednesday, the Barrel's Bottom Composite Index for the NEX closed at 87.45, up 0.56 points or 0.645% from its previous close of 86.89. The BBCI rallied above the 87 level in the first minute after market's open, thanks to a 0.5 cent/share opening increase in Biomerge Industries Ltd. [NEX: BIL.H] and despite a 1 cent/share opening drop in the price of Rocher Deboule Minerals Corp. [NEX: RD.H]. 87.5 was broken through on the upside by 9:49 AM ET, because of a 5 cent/share opening rise in the price of Newstrike Capital Inc. [NEX: NES.H]. A 1.5 cent/share interday rise in the price of Rocher, on its second and last trade of the day, pushed the BBCI up to 87.69.
The index stayed between 87.65 and 87.7 until 10:33 AM ET, when the erasure of the opening gain in Biomerge pushed the BBCI down to 87.34. This dip lasted three minutes, and was almost erased when a return to 2.5 cents/share for Biomerge put the index above 87.6 again. A 0.5 cent/share interday rise in the price of Toba Industries Ltd. [NEX: TBG.H] put the index up above 87.65; 87.7 was briefly risen above at 11:52 AM ET with a 0.5 cent/share rise in Mazarin Inc. [NEX: MAZ.H] which put the stock up to unchanged on the day. This break-through lasted only three minutes, and was ended by a return to 2 cents/share for Biomerge. An early-afternoon trough developed, which took the BBCI to exactly the same level at 12:29 PM-12:54 PM ET and 1:20-1:32 PM ET.
That trough vanished as of 1:33 PM ET with Biomerge's rise to 2.5 cents/share by then. Two minutes later, the BBCI reached its high of the day, 87.75, due to a 1 cent/share interday rise in Toba, and stayed there until 2:27 PM ET. The index dipped slightly at that point, and sunk below 87.5 as of 2:56 PM ET because of yet another return to 2 cent/share for Biomerge. The BBCI spent the last hour quietly ranging between 87.45 and 87.5; it closed at the lower end of this range at 87.45.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 17th and the third part covers NEX stocks of note for that day.
[An earlier version of this part of the report has been posted at the Barrel's Bottom Blog over at Stockhouse.]
NOTE: I am not affiliated with the TSX, nor is this blog. The Barrel's Bottom Composite index is not endorsed by the TSX.
TSX Nex Home Page
The index stayed between 87.65 and 87.7 until 10:33 AM ET, when the erasure of the opening gain in Biomerge pushed the BBCI down to 87.34. This dip lasted three minutes, and was almost erased when a return to 2.5 cents/share for Biomerge put the index above 87.6 again. A 0.5 cent/share interday rise in the price of Toba Industries Ltd. [NEX: TBG.H] put the index up above 87.65; 87.7 was briefly risen above at 11:52 AM ET with a 0.5 cent/share rise in Mazarin Inc. [NEX: MAZ.H] which put the stock up to unchanged on the day. This break-through lasted only three minutes, and was ended by a return to 2 cents/share for Biomerge. An early-afternoon trough developed, which took the BBCI to exactly the same level at 12:29 PM-12:54 PM ET and 1:20-1:32 PM ET.
That trough vanished as of 1:33 PM ET with Biomerge's rise to 2.5 cents/share by then. Two minutes later, the BBCI reached its high of the day, 87.75, due to a 1 cent/share interday rise in Toba, and stayed there until 2:27 PM ET. The index dipped slightly at that point, and sunk below 87.5 as of 2:56 PM ET because of yet another return to 2 cent/share for Biomerge. The BBCI spent the last hour quietly ranging between 87.45 and 87.5; it closed at the lower end of this range at 87.45.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 87.69
- 11 AM ET: 87.66
- 12 PM ET: 87.43
- 1 PM ET: 87.38
- 2 PM ET: 87.75
- 3 PM ET: 87.47
- 4 PM ET/Close: 87.45
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 17th and the third part covers NEX stocks of note for that day.
[An earlier version of this part of the report has been posted at the Barrel's Bottom Blog over at Stockhouse.]
NOTE: I am not affiliated with the TSX, nor is this blog. The Barrel's Bottom Composite index is not endorsed by the TSX.
TSX Nex Home Page
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