TSX Snaps 4-day Losing Streak, Ends On Firm Note

RTTNews | Před 825 dny

(RTTNews) - The Canadian market ended on a firm note on Monday, led by gains in technology, healthcare, materials and financials shares.

Energy stocks fell as oil prices dropped on concerns about the outlook for energy demand.

With a slew of key economic data from the U.S., Europe and China due this week, the mood remained a bit cautious.

The benchmark S&P/TSX Composite Index ended with a gain of 108.11 points or 0.54% at 20,182.76, snapping a four-day losing streak. The index scaled a low of 20,096.94 and a high of 20,222.90 intraday.

Healthcare stock Tilray Inc (TLRY.TO) soared more than 9%. Technology stock BlackBerry (BB.TO) zoomed 14%. Dye & Durham (DND.TO) climbed 8.4% and Alithya Group (ALYA.TO) gained 5.2%.

Celestica Inc (CLS.TO), Softchoice Corp (SFTC.TO), Lightspeed Commerce (LSPD.TO), Shopify Inc (SHOP.TO), Kinaxis Inc (KXS.TO), Constellation Software (CSU.TO) and Enghouse Systems (ENGH.TO) gainedd 1 to 2.6%.

Among materials shares, Lithium Americas Corp (LAC.TO) surged 7%. First Quantum Minerals (FM.TO), Teck Resources (TECK.B.TO), Eldorado Gold (ELD.TO), MAG Silver Corp (MAG.TO), B2Gold Corp (BTO.TO), Ero Copper (ERO.TO) and Lundin Mining Corp (LUN.TO) gained 2 to 4%.

Onex Corp (ONEX.TO), Toronto-Dominion Bank (TD.TO), Sun Life Financial (SLF.TO), Manulife Financial (MFC.TO), Canadian Imperial Bank of Commerce (CM.TO) and Bank of Montreal (BMO.TO) gained 1 to 2%.

Crescent Point Energy Corp. (CPG.TO) shares ended 2.2% down. The company announced that it expects annual production of 145,000 to 151,000 barrels of oil equivalent per day or boe/d in 2024. The firm said that this production forecast is based on development capital expenditure of $1.05 billion to $1.15 billion.

The energy company added that it aims production of around 180,000 boe/d by 2028, which equates to a compounded annual growth rate of 5%.

Vermilion Energy (VET.TO) announced today that it has restarted its operations in Australia after completing inspection and repair work at its Wandoo facility. The stock ended modestly higher.

Canadian Natural Resources (CNQ.TO), Parex Resources (PXT.TO), Suncor Energy (SU.TO), Enerplus Corp (ERF.TO), Precision Drilling Corp (PD.TO) and Cenovus Energy (CVE.TO) ended lower by 2 to 3%.

European Shares Seen Higher At Open

European stocks are likely to open higher on Monday as investors ponder whether tech stocks can keep supporting their lofty valuations and heavy AI spending may translate into profits as quickly as once expected.

RTTNews | Před 3 h 57 min

Indian Shares Open Lower In Cautious Trade

Indian shares were moving lower on Monday amid concerns over persistent selling by FIIs and renewed uncertainty around U.S.-India trade negotiations.

RTTNews | Před 5 h 11 min

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market trading on Monday, extending the sharp gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in mining and energy stocks amid tumbling commodity prices.

RTTNews | Před 6 h 19 min

China Industrial Output Climbs 4.8% On Year In November

Industrial production in China was up 4.8 percent on year in November, the National Bureau of Statistics said on Monday.

RTTNews | Před 6 h 27 min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, dragged by tumbling technology stocks fueled by losses on the tech-heavy Nasdaq, which saw heavy selling among the technology stocks on renewed concerns over lofty valuations. Renewed pessimism over the outlook for interest rates is also weighing on the markets.

RTTNews | Před 6 h 32 min

Indian Shares Set To Open Lower On Weak Global Cues

Indian shares are likely to open lower on Monday, tracking weak cues from global markets as investors reduced exposure to tech stocks on doubts over the AI rally.

RTTNews | Před 7 h 9 min

Thai Shares Expected To Remain Rangebound

The Thai stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it's likely to hand back those gains on Monday.

RTTNews | Před 7 h 39 min

Indonesia Shares Tipped To Open Under Pressure

The Indonesia stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,660-point plateau and it's expected to remain rangebound again on Monday.

RTTNews | Před 8 h 9 min

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