TSX Ends Moderately Lower, Sheds Nearly 2% In Week

RTTNews | Před 964 dny

(RTTNews) - The Canadian market ended notably lower on Friday as concerns about turmoil in the financial sector weighed on sentiment.

Industrials, energy, consumer discretionary and financials shares were the prominent losers. Real estate and healthcare stocks too posted sharp losses.

Materials shares gained in strength, riding on firm metal prices.

The benchmark S&P/TSX Composite Index ended down 151.29 points or 0.77% at 19,387.72, about 90 points off the session's low of 19,297.99. The index shed nearly 2% in the week.

Industrials shares Ats Corp (ATS.TO), Bombardier Inc (BBD.B.TO), Ballard Power (BLDP.TO), Canadian Pacific Railway (CP.TO), Tfi International (TFII.TO), Air Canada (AC.TO) and Canadian National Railway (CNR.TO) lost 2.5 to 4%.

Among energy stocks, Precision Drilling Corp (PD.TO) ended nearly 6% down. Baytex Energy (BTE.TO), Paramount Resources (POU.TO), Vermillion Energy (VET.TO), Crescent Point Energy (CPG.TO), Enerplus Corp (ERF.TO), MEG Energy (MEG.TO) and Cenovus Energy (CVE.TO) lost 2 to 5.1%.

Consumer discretionary stocks Brp Inc (DOO.TO) and Mty Food Group (MTY.TO) lost 4.9% and 4.2%, respectively. Linamar Corp (LNR.TO) drifted down 2.6%, and Magna International (MG.TO) ended lower by about 2.4%.

In the financials sector, Power Corp of Canada (POW.TO) ended 4.4% down. National Bank of Canada (NA.TO), Great-West Lifeco (GWO.TO), Onex Corp (ONEX.TO), Manulife Financial (MFC.TO), Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) lost 2 to 3.4%.

Cronos Group (CRON.TO), down 4.6%, was the biggest loser in the HealthCare Index. Bausch Health Companies (BHC.TO) ended 2.06% down, and Canopy Growth Corp (WEED.TO) ended lower by 1.4%.

Materials shares Wesdome Gold Mines (WDO.TO), Equinox Gold Corp (EQX.TO), Dundee Precious Metals (DPM.TO), K92 Mining Inc (KNT.TO), Kinross Gold Corp (K.TO), Silvercrest Metals Inc (SIL.TO) and Torex Gold Resources (TXG.TO) gained 7 to 10%.

On the economic front, data from Statistics Canada showed the Raw Materials Price Index for Canada dropped 5.2% year-on-year in February of 2023, the first decline since December 2020. The index rose 1.1% in January.

The Industrial producer inflation in Canada eased to an over two-year low of 1.4% in February 2023, down from a downwardly revised 5% in the prior month.

European Shares Set For A Firm Start

European stocks are seen opening broadly higher on Thursday as solid U.S. private sector employment and services sector activity data helped calm investor worries about stretched valuations.

RTTNews | Před 1 h 26 min

Sensex, Nifty Open Higher On Firm Global Cues

Indian shares opened a tad higher on Thursday, mirroring mostly positive cues from global markets as solid U.S. private sector employment and services sector activity data helped calm investor worries about stretched valuations.

RTTNews | Před 2 h 25 min

Australian Market Halves Its Early Gains In Mid-market

The Australian market is halving its early gains in mid-market moves on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.

RTTNews | Před 3 h 41 min

Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy.

RTTNews | Před 4 h 8 min

Sensex, Nifty Seen Higher At Open As US Supreme Court Weighs Legality Of Trump Tariffs

Indian shares look set to open higher on Thursday as investors react to signs of a resilient U.S. labor market and reports that the U.S. Supreme Court seems skeptical of President Trump's sweeping global tariffs, with key justices noting that he had overstepped his authority with his signature economic policy.

RTTNews | Před 4 h 23 min

Japanese Market Sharply Higher

The Japanese market is sharply higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up almost 2 percent to above the 50,900 level, with gains across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Před 4 h 32 min

Thai Stock Market May Reclaim 1,300-Point Plateau

The Thai stock market has moved lower in five straight sessions, slumping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau although it's expected to open to the upside on Thursday.

RTTNews | Před 5 h 4 min

Additional Support Anticipated For Indonesia Shares

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 8,320-point plateau and it may add to its winnings on Thursday.

RTTNews | Před 5 h 34 min

EURUSD	1.15124	GBPUSD	1.30674	AUDUSD	0.65116
USDJPY	153.839	USDCAD	1.40998	USDCHF	0.80907