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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: Muwamba who wrote (7859)	1/29/1999 10:24:00 AM
From: topstock	Respond to of 37507

INFO: biz.yahoo.com Friday January 29, 1:27 am Eastern Time Toronto stocks higher in volatile session CHANGE CHANGE TSE300 6668.45 +16.74 HI 6699.54 LO 6668.28 DJIA 9281.33 +81.10 GOLD (LONDON) US$283.55 -0.25 FTSE 5872.50 -3.90 GOLD (COMEX) US$284.70 -0.10 NIKKEI 14342.32 -107.74 LME CASH NICKEL US$4235 -18 CANDLR 1.5170 LME CASH ALUM US$1196 -6.75 CAN 30-YR 140.56 0.07 BRENT CRUDE US$10.99 +0.12 --------------------MARKET COMMENT------------------------- * Toronto stocks closed higher in volatile trading on Thursday on the back of strong showings in the banking and consumer products groups. * Volume was 112.9 million, worth C$2.11 billion. TORONTO, Jan 28 (Reuters) - Toronto's key stock index made slight gains on Thursday after a bumpy ride, helped by an increase in the elephantine financial services sector. The Toronto Stock Exchange's key 300 Composite Index rose 16.74 points to 6668.45 points. But the overall market closed mixed, with declining issues edging advances 476 to 474 while 310 finished steady. By comparison New York's Big Board staged a strong rally: the Dow Jones Industrial Average soared 81.10 points or nearly 0.9 percent to 9281.33 points. ''People are just looking at the growth of the Internet and all these high-tech companies. Their earnings are growing very strongly,'' said Todd Kapala, investment specialist at Priority Brokerage. But high-tech issues in Canada's largest equities market are conspicuously absent, forcing investors to either pick up the ones available such as graphics chip maker ATI Technologies Inc. (Toronto:ATY.TO - news), or look south of the border to the Nasdaq. ''We're having a problem ... because there aren't a lot of big name technology companies here,'' Kapala said. ATI rose C$1.30 to C$27.30 on more than four million shares. The Nasdaq composite index climbed 70.20 points or nearly 3 percent to a record 2477.34 on Thursday. U.S. Federal Reserve Chairman Alan Greenspan may have added steam to Nasdaq's upward run by stating that Internet stocks, despite their high valuations, might have their place in the bull market. Toronto's S&P/TSE 60, its index of large capital stocks, gained 0.85 points to 391.15. ''The tech sector in Canada is getting a bit of a lift from the U.S. and banking's slightly lifting,'' noted Josef Schachter, head of Schachter Asset Management. Kapala noted that investors are eyeing the quarterly corporate earnings reports from banks, due to start in about three weeks with Toronto-Dominion Bank (Toronto:TD.TO - news) reporting first. Overall trading value was C$2.1 billion on 113 million shares. Eight of Toronto's 14 subgroups advanced, led by consumer products, forestry products and financial services, which make up more than one fifth of the 300 Composite Index. The losing side included transportation, conglomerates and real estate. Hot stocks included online auctioneer Bid.Com International Inc. (Toronto:BII.TO - news), which unveiled an expansion into Europe's Internet community and a cyberspace version of the Home Shopping Network. Bid.Com jumped C$0.85 to C$6.30 and topped most actives. ($1=$1.52 Canadian) Regards, TOPSTOCK