Saturday, October 27, 2007

NEX Report for October 26, 2007


On Friday, the Barrel's Bottom Composite Index for the NEX closed at 88.04, down 0.05 points or 0.0568% from its previous close of 88.09. The first minute of trading after market's open saw the BBC Index move hardly at all. A 0.5 cent/share opening gain in Champlain Resources Inc. [NEX: CPL.H] was more than enough to counterbalance a 1 cent/share opening decline in ITI World Investment Group Inc. class 'A' [NEX: IWI.H]. Consequently, the BBCI was pushed up to 88.08. The index stayed above 88 until 10:12 AM ET, when a 2.5 cent/share drop in the price of Gold Star Resources Corp. [NEX: GXX.H] put the BBCI down to 87.98 as of the next minute. A 1 cent/share drop in the price of Silvio Ventures Inc. [NEX: SIV.H] as of about 10:14 AM ET put the index down a little more, to 87.94. A temporary return to above 88 was caused by a 2 cent/share opening gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H], by 10:22 AM, but 88 was descended below as of 10:30 AM ET. The index stayed between 87.9 and 88 for the rest of the morning.

At 12:02 PM ET, a 1 cent/share interday rise in the price of Mazarin Inc. [NEX: MAZ.H] brought the index back above 88. This gain erased an earlier 1 cent/share decline that put the index below 88 at 10:30. The high of the day was reached at 12:24 PM ET, due to a 2 cent/share opening rise in Toba Industries Ltd. [NEX: TBG.H]: Toba put the BBCI at 88.31. This high lasted only one minute; a 1 cent/share opening decline in the price of Tapango Resources Ltd. [NEX: TPA.H] put the index a little below 88.2. This turned to slightly below 88.2 because of a 1.5 cent/share interday rise in Magnate Ventures Inc. [NEX: MGV.H]. This leap put Magnate at a gain of 5 cents/share, and the BBCI at 88.19, as of 12:42 PM ET.

88 was broken through on the downside again at 1:43 PM ET, due to the erasure of the gain in Toba. Two minutes later, a 2 cent/share drop in the price of Tapango put the BBCI at the day's low of 87.67. After partially recovering to above 87.8 at 2:10 PM due to a 5 cent/share rise in the price of Quartz Mountain Resources Ltd. [NEX: QZM.H], the BBCI ranged between 87.75 and 87.85 until 3:22 PM ET.

At that minute, 88 was vaulted over again, thanks to an 8 cent/share gain in Guildhall Minerals [NEX: GDM.H] with respect to its previous close. The index hung around 88 for the rest of the day, rising gently to reach its closing value of 88.04.

Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
  • 10 AM ET: 88.08
  • 11 AM ET: 87.96
  • 12 PM ET: 87.97
  • 1 PM ET: 88.19
  • 2 PM ET: 87.67
  • 3 PM ET: 87.85
  • 4 PM ET/Close: 88.04


This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 26th 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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