On Tuesday, the Barrel's Bottom Composite Index for the NEX closed at 87.98, up 0.14 points or 0.159% from its previous close of 87.84. The modest gain for the day hid an interday volatility, which started with a drop the first minute of trading after market's open. The BBCI sunk almost six-tenths of a point during that time, due to a 4 cent/share opening drop in Fairchild Investments Ltd. [NEX: FIC.H] and a 1 cent/share opening drop in the price of Avigo Resources Corp. [NEX: TMX.H]. A few stocks opened unchanged during that time, and only one advanced: Allied Pacific Properties and Hotels Ltd. [NEX: PPH.H], by 0.5 cents/share. The resultant level of 87.25 held until 10:16 AM ET, after which the index dropped slightly for a seventeen-minute timespan due to a 1 cent/share opening drop in the price of BHR Buffalo Head Resources Inc. [NEX: BHR.H]. This span, during when the index was at 87.24, contained the BBCI low of the day.
Recovery started by 10:35 AM ET, with a 3 cent/share interday rise in the price of BHR.H. Two other rises put the BBCI at 87.44, as pushed up by a 1 cent/share opening rise in the price of Mazarin Inc. [NEX: MAZ.H] at about 10:43 AM ET and by a 4.5 cent/share opening rise in the price of HLD Land Development Limited Partnership [NEX: HLD.UN.H] at about 10:50 AM ET. These two gains were small in comparison to the next one, which put the index a little below 87.95 by 11:15 AM ET: a 4 cent/share opening rise in the price of Tapango Respources Ltd. [NEX: TPA.H]. The next significant move was a leap, made just before noon, due to a 2.5 cent/share interday rise in the price of Fairchild, which mostly erased its opening loss. This recovery was short-lived, though: Fairchild's price went down to 2 cents/share by 12:02 PM ET, which put it at only 0.5 cents/share above its opening price. Because of this dropback, the BBCI was just above 88 as of 12:03 PM ET.
The recovery in the index itself, though, proved to be more durable. A 0.5 cent/share interday rise in the price of Biomerge Industries Ltd. [NEX: BIL.H] pushed the index up above 88.3. A 0.5 cent/share interday rise in Allied Pacific's price as of about 12:30 PM ET, which put it at a 1 cent/share gain on the day, put the index up a more than a tenth of a point, to 88.38. 88.4 was crossed by 12:38 PM ET, thanks to a 0.5 cent/share interday rise in Golden Hat Resources Inc. [NEX: GHA.H]. A further 0.5 cent/share rise in Golden Hat put the BBCI above 88.45 by 1:24 PM ET, and a 0.5 cent/share rise in the price of Global Tree Technologies Inc. [NEX: GTT.H] put the index at its day's high of 88.51.
That high didn't last, as the BBCI fell down to about 88 by 1:45 PM ET due to a 6 cent/share drop in the price of Moneta Resources Inc. [NEX: MOT.H]. The index hovered around 88, because of a further 0.5 cent/share rise in Golden Hat which was erased two minutes later, until 2:28 PM ET. A 3.5 cent/share decline in the price of Xgen Ventures Inc. [NEX: XGN.H] at about 2:29 PM ET put the index just below 88 until 3:04 PM ET, when another 0.5 cent/share drop in the price of Golden Hat put the BBCI at 87.94. 87.9 was slid through on the downside by 3:33 PM ET. A last-minute recovery, thanks to a 3 cent/share interday rise in the price of ITI World Investment Group Inc. Class 'A' [NEX: IWI.H], put the index at its closing value of 87.98.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
Recovery started by 10:35 AM ET, with a 3 cent/share interday rise in the price of BHR.H. Two other rises put the BBCI at 87.44, as pushed up by a 1 cent/share opening rise in the price of Mazarin Inc. [NEX: MAZ.H] at about 10:43 AM ET and by a 4.5 cent/share opening rise in the price of HLD Land Development Limited Partnership [NEX: HLD.UN.H] at about 10:50 AM ET. These two gains were small in comparison to the next one, which put the index a little below 87.95 by 11:15 AM ET: a 4 cent/share opening rise in the price of Tapango Respources Ltd. [NEX: TPA.H]. The next significant move was a leap, made just before noon, due to a 2.5 cent/share interday rise in the price of Fairchild, which mostly erased its opening loss. This recovery was short-lived, though: Fairchild's price went down to 2 cents/share by 12:02 PM ET, which put it at only 0.5 cents/share above its opening price. Because of this dropback, the BBCI was just above 88 as of 12:03 PM ET.
The recovery in the index itself, though, proved to be more durable. A 0.5 cent/share interday rise in the price of Biomerge Industries Ltd. [NEX: BIL.H] pushed the index up above 88.3. A 0.5 cent/share interday rise in Allied Pacific's price as of about 12:30 PM ET, which put it at a 1 cent/share gain on the day, put the index up a more than a tenth of a point, to 88.38. 88.4 was crossed by 12:38 PM ET, thanks to a 0.5 cent/share interday rise in Golden Hat Resources Inc. [NEX: GHA.H]. A further 0.5 cent/share rise in Golden Hat put the BBCI above 88.45 by 1:24 PM ET, and a 0.5 cent/share rise in the price of Global Tree Technologies Inc. [NEX: GTT.H] put the index at its day's high of 88.51.
That high didn't last, as the BBCI fell down to about 88 by 1:45 PM ET due to a 6 cent/share drop in the price of Moneta Resources Inc. [NEX: MOT.H]. The index hovered around 88, because of a further 0.5 cent/share rise in Golden Hat which was erased two minutes later, until 2:28 PM ET. A 3.5 cent/share decline in the price of Xgen Ventures Inc. [NEX: XGN.H] at about 2:29 PM ET put the index just below 88 until 3:04 PM ET, when another 0.5 cent/share drop in the price of Golden Hat put the BBCI at 87.94. 87.9 was slid through on the downside by 3:33 PM ET. A last-minute recovery, thanks to a 3 cent/share interday rise in the price of ITI World Investment Group Inc. Class 'A' [NEX: IWI.H], put the index at its closing value of 87.98.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 87.25
- 11 AM ET: 87.44
- 12 PM ET: 88.37
- 1 PM ET: 88.42
- 2 PM ET: 88.02
- 3 PM ET: 87.98
- 4 PM ET/Close: 87.98 [somewhat higher than 3 PM's value, but equalized due to rounding off.]
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 23rd 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
[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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