On Wednesday, the Barrel's Bottom Composite Index for the NEX closed at 86.73, up 0.39 points or 0.452% from Monday's close at 86.34. Within a minute of the opening of trading, the BBC Index was actually down by more than a fifth of a point, despite 1-cent/share opening rises in Toba Industries Ltd. [NEX: TBG.H] and Tapango Resources Ltd. [NEX: TPA.H], because of a 5-cent opening drop in the price of Newstrike Capital Inc. [NEX: NES.H]. NES.H declined to $1.10/share, on a pair of trades at the same time that were the only ones for the day in that stock. As of 9:31 AM ET, the BBCI was below 86.1. A half-cent drop in Toba as of about 9:34 AM pushed the index down to below 86.04.
This slump ended at about 9:43 AM ET with a 1-cent/share opening rise in Arcland Resources Inc. [NEX: ADR.H] and was added to considerably within the next minute by an 8 cent/share upsurge in The Silver Recycling Company Inc. [NEX: TSR.H]. By 9:44 AM ET, the BBCI was at 86.21. A 2-cent/share opening gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H] pushed the index up to 86.32, but it was a half-cent bounceback of Toba to its opening price that put the index in positive territory. It stayed at that level until about 10:28 AM ET, when a boost from a 3-cent/share opening jump in Mazarin Inc. [NEX: MAZ.H] put the BBCI at almost exactly 86.67. It drifted downwards to minisculely below 86.5, at about 11:53 AM ET, and stayed at almost exactly this level, one made 87.5 because of rounding-off, until 1:06 PM ET; it was back at almost exactly the same level after a eighteen-minute jump ended.
At about 2:30 PM ET, another jump took place, but one more durable than the one earlier in the afternoon. After descending to 12 cents/share at about 1:21 PM ET, Toba went back up to 13 cents/share right before 2:30 PM ET. About three minutes later, a 3 cent/share opening rise in Abitibi Mining Corp. [NEX: ABB.H] put the BBCI up to 86.85, and a 4 cent/share opening gain in First Idaho Resources Inc. [NEX: FI.H] pushed the index up to almost exactly 87. It stayed there until about 3:20 PM ET when it dropped to 86.84, and to 86.76 at about 3:21 PM ET. Both drops had the same cause: interday declines in Abitibi, which closed unchanged on the day despite its initial gain.
The BBCI was pushed down further by a drop in the price of Focus Ventures Ltd. [NEX: FCV.H], which had been one of the hidden risers during the day. The seventeen-minute bubble was largely due to Focus moving from its opening board-lot price of 40 cents/share, for an opening gain of 4 cents/share, to the day's high of 44.5 cents/share at exactly the same time of its first trade. It added more than a tenth-of-a-point boost to the index as of the above-mentioned time of 1:06 PM ET. Its impact was cancelled out by a drop in Toba, though, and by a 6.5 cent/share drop in Focus itself as of about 1:24 PM ET, the time of the bubble's end. Focus moved down to 35 cents/share on the last NEX trade of the day, as of about 3:41 PM ET, to close a penny/share below Tuesday's close. This last push-down brought the BBCI to its closing value of 86.73.
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 3rd and the third part covers NEX stocks of note for that day.
This slump ended at about 9:43 AM ET with a 1-cent/share opening rise in Arcland Resources Inc. [NEX: ADR.H] and was added to considerably within the next minute by an 8 cent/share upsurge in The Silver Recycling Company Inc. [NEX: TSR.H]. By 9:44 AM ET, the BBCI was at 86.21. A 2-cent/share opening gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H] pushed the index up to 86.32, but it was a half-cent bounceback of Toba to its opening price that put the index in positive territory. It stayed at that level until about 10:28 AM ET, when a boost from a 3-cent/share opening jump in Mazarin Inc. [NEX: MAZ.H] put the BBCI at almost exactly 86.67. It drifted downwards to minisculely below 86.5, at about 11:53 AM ET, and stayed at almost exactly this level, one made 87.5 because of rounding-off, until 1:06 PM ET; it was back at almost exactly the same level after a eighteen-minute jump ended.
At about 2:30 PM ET, another jump took place, but one more durable than the one earlier in the afternoon. After descending to 12 cents/share at about 1:21 PM ET, Toba went back up to 13 cents/share right before 2:30 PM ET. About three minutes later, a 3 cent/share opening rise in Abitibi Mining Corp. [NEX: ABB.H] put the BBCI up to 86.85, and a 4 cent/share opening gain in First Idaho Resources Inc. [NEX: FI.H] pushed the index up to almost exactly 87. It stayed there until about 3:20 PM ET when it dropped to 86.84, and to 86.76 at about 3:21 PM ET. Both drops had the same cause: interday declines in Abitibi, which closed unchanged on the day despite its initial gain.
The BBCI was pushed down further by a drop in the price of Focus Ventures Ltd. [NEX: FCV.H], which had been one of the hidden risers during the day. The seventeen-minute bubble was largely due to Focus moving from its opening board-lot price of 40 cents/share, for an opening gain of 4 cents/share, to the day's high of 44.5 cents/share at exactly the same time of its first trade. It added more than a tenth-of-a-point boost to the index as of the above-mentioned time of 1:06 PM ET. Its impact was cancelled out by a drop in Toba, though, and by a 6.5 cent/share drop in Focus itself as of about 1:24 PM ET, the time of the bubble's end. Focus moved down to 35 cents/share on the last NEX trade of the day, as of about 3:41 PM ET, to close a penny/share below Tuesday's close. This last push-down brought the BBCI to its closing value of 86.73.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 86.38
- 11 AM ET: 86.56
- 12 PM ET: 86.50
- 1 PM ET: 86.50
- 2 PM ET: 86.50
- 3 PM ET: 87.00
- 4 PM ET/Close: 86.73
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 3rd and the third part covers NEX stocks of note for that day.
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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