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TSX Ends Lower For 6th Straight Day

RTTNews | Před 802 dny

TSX Ends Lower For 6th Straight Day

(RTTNews) - Canadian stocks drifted lower on Friday, extending losses to a sixth straight session, amid rising concerns interest rate hikes will hurt growth and weigh on corporate earnings as well.

Healthcare, utilities, financials and energy stocks fell. Several stocks from industrials sector too posted sharp losses.

The benchmark S&P/TSX Composite Index ended with a loss of 162.67 points or 0.83% at 19,418.23, a three-month low.

In the healthcare sector, Canopy Growth Corp (WEED.TO) plunged 11.7% despite reporting a surge in quarterly revenue. The company reported fourth-quarter net revenue of $87.5 million, up 14% compared to the net revenue the company recorded in the year-ago quarter.

Tilray Inc (TLRY.TO) ended more than 6% down, while Bausch Health Companies (BHC.TO) lost about 2.1%.

Among utilities stocks, Algonquin Power and Utilities Corp (AQN.TO), Transalta Renewables (RNW.TO), Transalta Corp (TA.TO), Altagas (ALA.TO) and Capital Power Corp (CPX.TO) lost 2 to 3.45%.

Among financials shares IA Financial Corp (IAG.TO) ended more than 4% down. Goeasy (GSY.TO), EQB Inc (EQB.TO), National Bank of Canada (NA.TO), Power Corp of Canada (POW.TO), Bank of Montreal (BMO.TO) and Manulife Financial (MFC.TO) lost 1 to 2.6%.

Vermilion Energy (VET.TO), Baytex Energy (BTE.TO), Crescent Point Energy (CPG.TO), Parex Resources (PXT.TO), Imperial Oil (IMO.TO) and MEG Energy Corp (MEG.TO) were among the major losers in the energy sector.

Thomson Reuters (TRI.TO), FirstService Corporation (FSV.TO), Kinaxis Inc (KXS.TO), Docebo Inc (DCBO.TO) and Endeavour Mining Inc (EDV.TO) gained 1 to 2.5%.

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Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | Před 16 minutami

Lower Open Called For Hong Kong Stock Market

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | Před 37 minutami

Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | Před 39 minutami

China Shares May Take Further Damage On Wednesday

China Shares May Take Further Damage On Wednesday

The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.

RTTNews | Před 52 minutami

Taiwan Bourse May Extend Losing Streak

Taiwan Bourse May Extend Losing Streak

The Taiwan stock market has finished lower in four straight sessions, slumping more than 500 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 24,000-point plateau and it may take further damage on Wednesday.

RTTNews | Před 1 h 24 min

Singapore Shares: Resistance Expected At 4,300 Points

Singapore Shares: Resistance Expected At 4,300 Points

The Singapore stock market has moved higher in five straight sessions, collecting more than 50 points or 1.2 percent in that span. The Straits Times Index now sits just shy of the 4,300-point plateau, although it may run out of steam on Wednesday.

RTTNews | Před 1 h 51 min

Malaysia Shares May See Renewed Consolidation On Wednesday

Malaysia Shares May See Renewed Consolidation On Wednesday

The Malaysia stock market on Tuesday snapped the two-day slide in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may head south again on Wednesday.

RTTNews | Před 2 h 17 min

Japan Stock Market May Hand Back Tuesday's Gains

Japan Stock Market May Hand Back Tuesday's Gains

The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | Před 2 h 38 min

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