On Thursday, the Barrel's Bottom Composite Index for the NEX closed at 87.93, up 0.48 points or 0.549% from its previous close of 87.45. The BBCI went up more than a tenth of a point in the first minute of trading, thanks to 0.5 cent/share increases in the prices of Golden Hat Resources Inc. [NEX: GHA.H], Rocher Deboule Minerals Corp. [NEX: RD.H] and Toba Industries Ltd. [NEX: TBG.H]. The index also gained in both of the next two minutes of trading, thanks to a 2 cent/share gain in Moneta Resources [NEX: MOT.H] and a 5 cent/share opening leap in the price of Electrohome Limited Class 'Y' non-voting shares [NEX: ELL.K], which put the BBCI slightly above 87.72 and minisculely below 87.8 respectively. A slight dip at 9:45 AM ET, due to a 1 cent/share interday drop in ELL.K, left the BBCI at 87.78, where it stayed until 10:49 AM ET.
The index had several further declines between 10:50 AM ET and 11:43 AM ET, leaving it at a trough of 87.47 from the latter time to 12:10 PM ET. A rise slightly above 87.5 in the next minute, due to a 1 cent/share interday gain in the price of Rocher Deboule, was more than erased by a 1.5 cent/share interday decline in the same stock's price as of about 12:42 PM ET. This next trough was at 87.45, and it marked the first time in the day that the BBCI was in a loss position with respect to yesterday's close, even if that loss was zeroed out by rounding.
As of 1 PM ET, the BBCI had jumped up well above 87.5 due to a 3 cent/share interday rise in Cantrell Capital Corp. [NEX: CLJ.H], which erased a 3 cent/share loss established by its first trade as of about 11:42 AM ET. The index then crested up to 87.64 before declining to the day's low of 87.38, reached at 2:24 PM ET. A small rise was effected at 2:27 PM ET due to a 0.5 cent/share opening, or first-trade, rise in the price of Rose Marie Resources Inc. [NEX: RSR.H].
The next upturn was far from insignificant: it took the BBCI up to territory not seen in weeks. Fairchild Investments Ltd. [NEX: FIC.H] rose 4 cents/share on its first and last trade of the day, pushing it up to 5.5 cents/share. This triple-digit gain in FIC.H pushed the BBCI up above 88. The day's high of 88.11 was reached at 2:39 PM ET thanks to a 0.5 cent/share interday rise in Toba Industries. Despite a decline as of 2:27 PM ET, due to a 5 cent/share first-trade drop in the price of Avigo Resources Inc. [NEX: TMX.H], the BBCI stayed above 88 until 3:42 PM ET. A further, 1.5 cent/share, drop in Avigo's price by that time brought the BBCI down to its closing level of 87.93.
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 18th 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.
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The index had several further declines between 10:50 AM ET and 11:43 AM ET, leaving it at a trough of 87.47 from the latter time to 12:10 PM ET. A rise slightly above 87.5 in the next minute, due to a 1 cent/share interday gain in the price of Rocher Deboule, was more than erased by a 1.5 cent/share interday decline in the same stock's price as of about 12:42 PM ET. This next trough was at 87.45, and it marked the first time in the day that the BBCI was in a loss position with respect to yesterday's close, even if that loss was zeroed out by rounding.
As of 1 PM ET, the BBCI had jumped up well above 87.5 due to a 3 cent/share interday rise in Cantrell Capital Corp. [NEX: CLJ.H], which erased a 3 cent/share loss established by its first trade as of about 11:42 AM ET. The index then crested up to 87.64 before declining to the day's low of 87.38, reached at 2:24 PM ET. A small rise was effected at 2:27 PM ET due to a 0.5 cent/share opening, or first-trade, rise in the price of Rose Marie Resources Inc. [NEX: RSR.H].
The next upturn was far from insignificant: it took the BBCI up to territory not seen in weeks. Fairchild Investments Ltd. [NEX: FIC.H] rose 4 cents/share on its first and last trade of the day, pushing it up to 5.5 cents/share. This triple-digit gain in FIC.H pushed the BBCI up above 88. The day's high of 88.11 was reached at 2:39 PM ET thanks to a 0.5 cent/share interday rise in Toba Industries. Despite a decline as of 2:27 PM ET, due to a 5 cent/share first-trade drop in the price of Avigo Resources Inc. [NEX: TMX.H], the BBCI stayed above 88 until 3:42 PM ET. A further, 1.5 cent/share, drop in Avigo's price by that time brought the BBCI down to its closing level of 87.93.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 87.78
- 11 AM ET: 87.69
- 12 PM ET: 87.47
- 1 PM ET: 87.58
- 2 PM ET: 87.48
- 3 PM ET: 88.07
- 4 PM ET/Close: 87.93
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 18th 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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