TSX Ends Weak Again

RTTNews | 1070 hari yang lalu

(RTTNews) - The Canadian market opened higher Tuesday morning and advanced further in early trades, but turned weak around late morning and eventually ended the day's session on a negative note, losing for the fifth consecutive session.

The benchmark S&P/TSX Composite Index ended with a loss of 60.25 points or 0.32% at 18,986.49.

Energy stocks posted sharp losses. Industrials and financials shares were also weak. Healthcare, communications, technology and consumer discretionary stocks climbed higher.

Energy stocks Tamarack Valley Energy (TVE.TO), Parex Resources (PXT.TO), Cenovus Energy (CVE.TO), Tourmaline Oil Corp (TOU.TO) and Vermilion Energy (VET.TO) and Suncr Energy (SU.TO) lost 1.4 to 2.8%.

In the Industrials section, Tfi International (TFII.TO) plunged 8.3%. Snc-Lavalin Group Inc (SUV.TO), Cargojet Inc (CJT.TO), WSP Global (BBU.TO) and Mullen Group (MTL.TO) declined 2 to 4%.

Toronto-Dominion Bank (TD.TO), EQB Inc (EQB.TO), Canadian Imperial Bank of Commerce (CM.TO) and Bank of Montreal (BMO.TO) were among the major losers in the banking space.

Healthcare stocks Tilray Inc (TLRY.TO) and Bausch Health Companies Inc (BHC.TO) gained 8.6% and 1.9%, respectively.

In the technology sector, Hut 8 Mining Corp (HUT.TO) soared more than 10%. Bitfarms (BITF.TO) climbed nearly 10%. BlackBerry (BB.TO) surged 6.3%, while Lightspeed Commerce Inc (LSPD.TO) and Docebo Inc (DCBO.TO) gained 4.3% and 4.2%, respectively. Shopify Inc (SHOP.TO), Enghouse Systems Inc (ENGH.TO) and Tecsys Inc (TCS.TO) climbed 2 to 3%.

Rogers Communications Inc (RCI.B.TO) gained 2.1%, and Telus Corp (T.TO) advanced 1.3%. Cogeco Communications (CCA.TO) and BCE Inc (BCE.TO) also ended notably higher.

Consumer discretionary stocks Mty Food Group (MTY.TO) ended 3.25% down and Restaurant Brands International (QSR.TO) were among the major gainers in the consumer discretionary band.

In economic news, data from Statistics Canada showed new home prices in Canada went down (NSE. Inc.) 0.2% month-over-month.

Year-on-year, the cost of new homes fell by 1% in September 2023, the sixth consecutive decline since November 2019.

baca selengkapnya

Canadian Market Down Firmly In Negative Territory

Despite regaining a good portion of the ground it lost in early trades, the Canadian market remains firmly down in negative territory around mid-afternoon on Monday and looks headed for a weak close as stocks from the materials space continue to reel under severe selling pressure.

RTTNews | 2 jam 7 menit yang lalu

Swiss Market Fails To Hold Early Gains, Ends Flat

The Switzerland market ended flat on Monday despite starting on a firm note and holding in positive territory till about late morning and seeing a modest spell above the flat line in the penultimate hour.

RTTNews | 2 jam 37 menit yang lalu

Major European Markets Close Mixed After Cautious Session

The major European markets ended little changed on Monday as investors made cautious moves as oil prices climbed higher, fueling concerns about inflation and interest rates. Shares of homebuilders skyrocketed after the UK government said it would unveil a schemed to help first-time home buyers in the upcoming budget.

RTTNews | 2 jam 51 menit yang lalu

NVIDIA Boosts Buyback To $235 Bln Through FY28; Shares Gain

AI chip major NVIDIA Corp. on Monday announced that its board has authorized an additional $150 billion share repurchase program, amid the significant growth in profit on soaring AI demand. The additional authorization increases the remaining total amount under the program to $235 billion. In the early morning trading on the Nasdaq, the shares were trading 3.03% higher.

RTTNews | 7 jam 9 menit yang lalu