On Friday, the Barrel's Bottom Composite Index for the NEX closed at 90.31, up 0.19 points or 0.211% from its previous close of 90.12. Despite the fact that it was almost completely an up day for the BBCI, the index fell more than a tenth of a point in the first minute of trading, to below 90. A 0.5 cent/share opening decline in Sharpe Resources Corporation [NEX: SHO.H] and a 1 cent/share opening decline in the price of Stone Mountain Holdings Inc. [NEX: SMO.H] combined to put the index at 89.98 as of 9:31 AM ET, where it remained until 9:33 AM ET. This level marked the low of the day.
It was a 1 cent/share opening gain in the price of Golden Hat Resources Inc. [NEX: GHA.H], again the NEX board's most active trader of the day, that pushed the BBCI up above 90 again. A 3 cent/share opening rise in the price of Monster Uranium Corp. [NEX: MU.H] as of about 9:39 AM ET, and a 3.5 cent/share gain in the price of Washmax Corp. [NEX: WMC.H] as of about 9:42 AM ET, both pushed the index up above 90.2 as of the latter time. The BBCI stayed between 90.19 and 90.25 until 10:36 AM ET, when 90.3 was broken due to a 1 cent/share recovery in the price of Stone Mountain. 90.4 was broken in the next minute because of a further 1 cent/share advance in the same stock.
After a reversal down to almost 90.3 as of 11:09 AM ET, which lasted for two minutes, the BBCI more than recovered; 90.5 was broken through as of 11:20 AM ET thanks to a 2.5 cent/share interday gain in Washmax. After sinking to just below 90.5, the index leapt up above 90.7 as of 11:59 AM ET because of a 5.5 cent/share opening leap in infrequently-traded Prism Resources [NEX: PRS.H] on its first and last trade of the day. A 2 cent/share interday decline in the price of Trilogy Metals Inc. [NEX: TRI.H] as of about 12:03 PM ET, which put TRI.H back to unchanged, lowered the BBCI from 90.77 to 90.71. This pullback proved to be a long pause, though, in preparation for the index to briefly break above 90.8 as of 12:43 PM ET and to make its daily high of 90.87 as of 12:45 PM ET. The high lasted until 12:50 PM ET, after which an afternoon drop started.
A 5 cent/share opening decline in the price of Maximum Ventures Inc. [NEX: MVI.H] on its first and last trade of the day knocked the index down to 90.53. By 1:00 PM ET, the decline had continued down below 90.4. An hour later, the BBCI was at 90.33. By 2:12 PM ET, a mid-afternoon recovery began, which took the BBCI all the way back to above 90.7 by 2:38 PM ET. This recovery failed to hold, though, despite a second attempt to rise durably above 90.7 as of 3:17 PM ET, and the BBCI found itself at 90.57 as of 3:27 PM ET. It remained at that level until a couple of last-minute declines in International Alliance Resources Inc. [NEX: ALL.H], of 2 cents/share as of about 3:57 PM ET and of a further 3.5 cents/share as of 3:58 PM, lowered the BBCI to its closing value of 90.31.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
It was a 1 cent/share opening gain in the price of Golden Hat Resources Inc. [NEX: GHA.H], again the NEX board's most active trader of the day, that pushed the BBCI up above 90 again. A 3 cent/share opening rise in the price of Monster Uranium Corp. [NEX: MU.H] as of about 9:39 AM ET, and a 3.5 cent/share gain in the price of Washmax Corp. [NEX: WMC.H] as of about 9:42 AM ET, both pushed the index up above 90.2 as of the latter time. The BBCI stayed between 90.19 and 90.25 until 10:36 AM ET, when 90.3 was broken due to a 1 cent/share recovery in the price of Stone Mountain. 90.4 was broken in the next minute because of a further 1 cent/share advance in the same stock.
After a reversal down to almost 90.3 as of 11:09 AM ET, which lasted for two minutes, the BBCI more than recovered; 90.5 was broken through as of 11:20 AM ET thanks to a 2.5 cent/share interday gain in Washmax. After sinking to just below 90.5, the index leapt up above 90.7 as of 11:59 AM ET because of a 5.5 cent/share opening leap in infrequently-traded Prism Resources [NEX: PRS.H] on its first and last trade of the day. A 2 cent/share interday decline in the price of Trilogy Metals Inc. [NEX: TRI.H] as of about 12:03 PM ET, which put TRI.H back to unchanged, lowered the BBCI from 90.77 to 90.71. This pullback proved to be a long pause, though, in preparation for the index to briefly break above 90.8 as of 12:43 PM ET and to make its daily high of 90.87 as of 12:45 PM ET. The high lasted until 12:50 PM ET, after which an afternoon drop started.
A 5 cent/share opening decline in the price of Maximum Ventures Inc. [NEX: MVI.H] on its first and last trade of the day knocked the index down to 90.53. By 1:00 PM ET, the decline had continued down below 90.4. An hour later, the BBCI was at 90.33. By 2:12 PM ET, a mid-afternoon recovery began, which took the BBCI all the way back to above 90.7 by 2:38 PM ET. This recovery failed to hold, though, despite a second attempt to rise durably above 90.7 as of 3:17 PM ET, and the BBCI found itself at 90.57 as of 3:27 PM ET. It remained at that level until a couple of last-minute declines in International Alliance Resources Inc. [NEX: ALL.H], of 2 cents/share as of about 3:57 PM ET and of a further 3.5 cents/share as of 3:58 PM, lowered the BBCI to its closing value of 90.31.
Here are the hourly values for the Barrel's Bottom Composite Index, rounded to the nearest hundredth of a point:
- 10 AM ET: 90.24
- 11 AM ET: 90.40
- 12 PM ET: 90.77
- 1 PM ET: 90.37
- 2 PM ET: 90.33
- 3 PM ET: 90.48
- 4 PM ET/Close: 90.31
This is the first part of the daily NEX report. The second part covers NEX stocks that have sent out news releases during November 1st 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
No comments:
Post a Comment