TSX Comes Off 20-month High, Ends Moderately Lower

RTTNews | 596天前

(RTTNews) - Canadian stocks closed lower on Tuesday, weighed down by losses in materials and financials sectors.

The mood remained cautious with investors awaiting U.S. inflation data and earnings updates from major U.S. banks.

The benchmark S&P/TSX Composite Index, which tumbled to 20,880.43 in early trades, ended the day's session at 20,970.98, recording a loss of 103.93 points or 0.49%.

Healthcare stock Tilray Inc (TLRY.TO) ended more than 9% down. Bausch Health Companies (BHC.TO) ended 0.8% down.

Materials shares Nutrien (NTR.TO), Ero Copper (ERO.TO), New Gold Inc (NGD.TO), Lundin Mining (LUN.TO), First Quantum Minerals (FM.TO), Novagold (NG.TO), Capstone Mining Corp (CS.TO) and Teck Resources (TECK.B.TO) lost 2.5 to 4%.

K92 Mining Inc (KNT.TO) soared nearly 10% after the company announced that it generated 39,101 oz AuEq or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver in the fourth quarter. Sales during the quarter were 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.

In the financials sector, Toronto-Dominion Bank (TD.TO) and Nuvei Corp (NVEI.TO) lost 4.4% and 4%, respectively. Bank of Montreal (BMO.TO), Manulife Financial (MFC.TO), CDN Western Bank (CWB.TO) and Fairfax Financial Holdings (FFH.TO) ended lower by 1 to 1.5%.

Technology stocks Shopify Inc (SHOP.TO) and Alithya Group (ALYA.TO) gained 3.4% and 3.3%, respectively. Enghouse Systems (ENGH.TO), Docebo Inc (DCBO.TO), Kinaxis Inc (KXS.TO) and Softchoice Corp (SFTC.TO) advanced 1 to 1.5%.

Blackberry (BB.TO) climbed more than 2.5% after Dutch auto manufacturer Stellantis N.V. (STLA) announced the launch of a virtual cockpit platform that will use the QNX Hypervisor from Canadian software company, BlackBerry.

The platform will enable the delivery of infotainment tech to customers that is expected to be 100 times faster than previous processes.

On the economic front, data from Statistics Canada showed the nation recorded a trade surplus of C$ 1.6 billion in November of 2023, narrowing considerably from the C$ 3.2 billion surplus in the previous month. Exports edged down 0.6% to $65.74 billion in the month, while imports increased 1.9% to C$64.2 billion.

Another data from Statistics Canada showed the total value of building permits in Canada fell by 3.9% from a month earlier to $10.9 billion in November 2023, reversing an upwardly revised 3% growth in the preceding month.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 42分鐘前

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 57分鐘前

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1小時28分鐘前

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1小時40分鐘前

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1小時48分鐘前

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 1小時57分鐘前

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 2小時4分鐘前

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2小時27分鐘前

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