TSX Fails To Hold Gains, Ends Flat

RTTNews | vor 1179 Tagen
TSX Fails To Hold Gains, Ends Flat

(RTTNews) - The Canadian market rallied after a slightly weak start on Friday, but shed gains gradually towards the end of the session and finally settled flat.

Worries that aggressive rate hikes by central banks could hurt growth and push global economy into a recession weighed on the market towards the later part of the day's session.

The benchmark S&P/TSX Composite Index, which rallied to 18,685.04, gaining nearly 250 points in the process, ended with just a marginal gain of 2.38 points or 0.01% at 18,444.22.

Real estate and materials shares closed with strong gains. Consumer staples and industrials shares drifted lower. Consumer discretionary stocks also ended mostly lower.

Dye & Durham (DND.TO) soared 9.25%. CCL Industries (CCL.B.TO), Canadian Apartment Properties (CAR.UN.TO), CCL Industries (CCL.A.TO), Wheaton Precious Metals (WPM.TO), Agnico Eagle Mines (AEM.TO), Colliers International (CIGI.TO) and Franco-Nevada Corporation (FNV.TO) gained 2 to 4%.

Cargojet (CJT.TO), TFI International (TFII.TO), BRP Inc (DOO.TO), Canadian Pacific Railway (CP.TO), Loblaw Companies (L.TO), Ritchie Bros. Auctioneers (RBA.TO) and George Weston (WN.TO) shed 1.4 to 4%.

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Win Streak May Continue For China Stock Market

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | vor 1Std 12 Minuten
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.
RTTNews | vor 1Std 21 Minuten
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | vor 1Std 42 Minuten
Singapore Bourse May Extend Monday's Gains

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | vor 2Std 12 Minuten
Malaysia Shares May Open To The Upside Again On Tuesday

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | vor 2Std 42 Minuten
Japan Stock Market May Add To Its Winnings On Tuesday

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.
RTTNews | vor 2Std 57 Minuten
Additional Support Called For South Korea Shares

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | vor 3Std 12 Minuten
RBA Minutes Due On Tuesday

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
RTTNews | vor 3Std 42 Minuten