On Tuesday, the Barrel's Bottom Composite Index for the NEX closed at 89.88, down 0.16 points or 0.178% from its previous close of 90.04. Despite that drop, the BBCI was up for most of the day. This uptrend started right at the first minute of trading, despite a 4 cent/share opening drop in IDG Holdings Inc. [NEX: IDH.H], because of a 2 cent/share opening gain in Monster Uranium Inc. [NEX: MU.H], a 1 cent/share opening gain in the price of Rocher Deboule Minerals Corp. [NEX: RD.H] and a 1 cent/share rise in the price of yesterday's dominant stock, Trilogy Metals Inc. [NEX: TRI.H]. The combination of these four movers put the BBCI up by about 0.08 points in the first minute of trading.
The index bounced around the 9:31 AM ET value for the next six minutes before 9:37 AM ET, when a further 1 cent/share rise in Rocher's price put the index well above 90.15. Trilogy's rise to 86 cents/share put the BBCI above 90.2, but it was a 0.5 cent/share interday rise in the price of Biomerge Industries Ltd. [NEX: BIL.H] that provided the big boost to the index as of about 9:49 AM ET. The BBCI reached 90.56 at that time. Except for a brief up-blip to almost 90.7 that lasted one minute and which established the high of the day, the BBCI stayed at that level until 10.49 AM ET, and about at that level until 11:19 AM ET. A later rise in Rocher put the index well above 90.5 at that time; the index stayed between 90.5 and 90.6 until 12:45 PM ET.
The index bounced around the 9:31 AM ET value for the next six minutes before 9:37 AM ET, when a further 1 cent/share rise in Rocher's price put the index well above 90.15. Trilogy's rise to 86 cents/share put the BBCI above 90.2, but it was a 0.5 cent/share interday rise in the price of Biomerge Industries Ltd. [NEX: BIL.H] that provided the big boost to the index as of about 9:49 AM ET. The BBCI reached 90.56 at that time. Except for a brief up-blip to almost 90.7 that lasted one minute and which established the high of the day, the BBCI stayed at that level until 10.49 AM ET, and about at that level until 11:19 AM ET. A later rise in Rocher put the index well above 90.5 at that time; the index stayed between 90.5 and 90.6 until 12:45 PM ET.
It was at this time that the uptrend ended. The next twenty-five minutes saw a quick decline that ended up at just above 90 by 1:10 PM ET. The stock that put the BBCI there at that time was Moneta Resources [NEX: MOT.H], whose two trades during the day, both made at exactly the same time, dropped its price by 5.5 cents/share. The decline continued apace until the day's low of 89.69 was reached at 1:43 PM ET. The BBCI stayed at this level until 2:03 PM ET.
The rest of the day saw a jagged recovery. 89.8 was reached as of 2:24 PM ET. After a short dawdle, the index moved above 89.84 as of 2:39 PM ET. This secondary recovery didn't last, though; it began caving as of two minutes before the last hour of trading started. A leap-up to above 89.94, as of 3:17 PM ET, lasted only eleven minutes before it vanished. The BBCI spent the last thirty-one minutes of trading on a downward drift, which ended with it reaching its closing value of 89.88
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
The rest of the day saw a jagged recovery. 89.8 was reached as of 2:24 PM ET. After a short dawdle, the index moved above 89.84 as of 2:39 PM ET. This secondary recovery didn't last, though; it began caving as of two minutes before the last hour of trading started. A leap-up to above 89.94, as of 3:17 PM ET, lasted only eleven minutes before it vanished. The BBCI spent the last thirty-one minutes of trading on a downward drift, which ended with it reaching its closing value of 89.88
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 90.56
- 11 AM ET: 90.51
- 12 PM ET: 90.67
- 1 PM ET: 90.37
- 2 PM ET: 89.75
- 3 PM ET: 89.89
- 4 PM ET/Close: 89.88
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during October 30th 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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