TSX Ends Flat After Lackluster Session

RTTNews | 1224 days ago

(RTTNews) - After a slightly positive start, the Canadian market slipped into negative territory around mid morning, and despite losing further ground, recovered to end with a small gain on Friday.

The mood was cautious amid concerns about slowing growth in the U.S. and China.

The benchmark S&P/TSX Composite Index ended with a gain of 2.01 points or 0.01% at 20,419.62. The index, which climbed to 20,492.07 in early trades, touched a low of 20,346.90 around mid afternoon. The index shed about 0.6% in the week.

Technology stocks drifted lower, while shares from utilities, industrials, healthcare and materials sectors posted gains. Energy, financials and consumer sector stocks ended on a mixed note.

Shawcor Ltd. (SCL.TO) shares soared nearly 11%. The company reported net income of $25.23 million for the first quarter of 2023, compared with net loss of $6.9 million in the year-ago quarter.

Park Lawn Corporation (PLC.TO) climbed 8.8% after reporting net earnings of $4.58 million for the first quarter of 2023.

Stelco Corporation (STLC.TO), Brookfield Infrastructure Corporation (BIPC.TO), Boyd Group (BYD.TO), Franco-Nevada Corporation (FNV.TO), Canadian Pacific Kansas City (CP.TO), TFI International (TFII.TO) and Teck Resources (TECK.A.TO) gained 1.3 to 3.3%.

Air Canada (AC.TO) reported net income of $4 million for the first quarter of 2023, as against net loss of $974 million in the year-ago quarter. The stock gained about 0.5%.

CI Financial Corp (CIX.TO) plunged more than 17%. The company has agreed to sell a 20% minority investment in its US wealth management business to a group of institutional investors.

Nuvei Corporation (NVEI.TO), Maple Leaf Foods (MFI.TO), Ag Growth International (AFN.TO), Nutrien (NTR.TO), Constellation Software (CSU.TO) and Shopify Inc (SHOP.TO) ended lower by 2 to 4%.

Onex Corporation (ONEX.TO) ended 2.7% down. Onex reported net loss of $2.87 million for the quarter ended March 2023, compared with net income of $1.89 million in the year-ago quarter.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.

RTTNews | 46 minutes ago

Asian Markets Track Wall Street Higher

Asian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, as a pullback in oil prices and bond yields helped ease global inflation worries and the outlook for interest rates. Market sentiment improved after US President Donald Trump stated that Washington is "hopefully toward the end" of fighting with Iran and that he has spoken "directly" with Iran.

RTTNews | 50 minutes ago

Indian Shares Set To Follow Global Peers Higher As Inflation Concerns Ease

Indian shares are seen opening higher on Friday, tracking gains in global markets as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns.

RTTNews | 1h 24min ago

Higher Open Called For Thai Stock Market

The Thai stock market on Thursday halted the six-day losing streak in which it had surrendered more than 55 points or 3.7 percent. The Stock Exchange of Thailand now sits just above the 1,580-point plateau and it's expected to open in the green again on Friday.

RTTNews | 2h 5min ago

Indonesia Stock Market May See Additional Support

The Indonesia stock market on Thursday wrote a finish to the six-day losing streak in which it had tumbled more than 250 points or 3.8 percent. The Jakarta Composite Index now sits just above the 6,460-point plateau and it's likely to open to the upside again on Friday.

RTTNews | 2h 35min ago

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Friday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 64,700 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers, exporters and financial stocks.

RTTNews | 2h 42min ago

Hang Seng Tipped To Remain Rangebound

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,600-point plateau although it's expected to reverse those losses on Friday.

RTTNews | 2h 50min ago

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Friday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.

RTTNews | 3h 4min ago

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