Canadian Stocks Up Firmly In Positive Territory; Corus Entertainment Soars

RTTNews | hace 774

(RTTNews) - The Canadian market is up firmly in positive territory a little past noon on Thursday, with stocks from across various sectors moving higher on sustained buying interest.

Concerns about interest rates have eased after data on Wednesday showed U.S. inflation softened in the month of June. Hopes of additional stimulus in China to boost growth in the world's second largest economy contributed as well to the positive mood in the market.

The benchmark S&P/TSX Composite Index is up 175.10 points or 0.87% at 20,245.87 about a quarter past noon.

Corus Entertainment Inc. (CJR.B.TO) shares are soaring nearly 20% after the company said its subsidiary, Nelvana Limited, has entered into a definitive agreement under which Integrated Media Company, a TPG platform, will acquire Nelvana's subsidiary, Toon Boom Animation Inc. for approximately C$147.5 million in cash.

Canopy Growth Corp (WEED.TO) is rising 12.5% and Hut & Mining Corp (HUT.TO) is up 11%, while Aritzia Inc (ATZ.TO) is up nearly 6%. Capstone Corp (CS.TO), Docebo Inc (DCBO.TO), Nuvei Corporation (NVEI.TO), Hudbay Minerals (HBM.TO), Ballard Power Systems (BLDP.TO), Ivanhoe Mines (IVN.TO) and Mullen Group (MTL.TO) are up 3.5 to 5.3%.

Cameco Corporation (CCO.TO), First Quantum Minerals (FM.TO), Haivision Systems (HAI.TO), American Lithium Corp (LI.TO), Innergex Renewable Energy (INE.TO) and Lightspeed Cormmerce (LSPD.TO) are among the other prominent gainers.

SNC-Lavalin Group Inc. (SNC.TO) is down 2.5%. The company announced today that it has received an $85 million transportation development general engineering consultant (GEC) services contract from Florida's Turnpike Enterprise.

ARC Resources (ARX.TO), MAG Silver Corp (MAG.TO), Birchcliff Energy (BIR.TO), Canfor Corp (CFP.TO), Tecsys Inc (TCS.TO), MTY Food Group (MTY.TO), Spin Master Corp (TOY.TO) and Stantec (STN.TO) are down 1 to 1.6%.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 49 minutos

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | hace 1h 17min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 1h 19min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 1h 34min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | hace 1h 37min

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | hace 1h 49min

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | hace 2h 19min

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 49min

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