TSX Snaps 4-day Losing Streak, Ends On Buoyant Note

RTTNews | 459天前

(RTTNews) - The Canadian market snapped a 4-day losing streak and ended on a buoyant note on Thursday with stocks from across several sectors moving up north on sustained buying support. Some encouraging earnings announcements, upbeat U.S. jobless claims data, and bargain hunting contributed to market's rise.

The benchmark S&P/TSX Composite Index opened modestly higher and stayed firm right through the day's session to eventually close with a strong gain of 344.66 points or 1.58% at 22,225.61, after hitting a high of 22,288.79.

Healthcare, technology, energy, consumer discretionary, materials and financials shares posted impressive gains. Several stocks from other sectors moved up as well. Mirroring all-round buying, all the sectoral indices ended in green with solid gains.

Canadian Tire Corporation (CTC.A.TO) climbed 7.8% on strong results. The company reported net income of C$198.8 million or C$3.56 per share for the second quarter, significantly higher than C$99.4 million or C$1.76 per share in the same quarter a year ago, primarily due to exceptional items.

Docebo Inc (DCBO.TO) zoomed 14.3%. Shopify Inc (SHOP.TO) surged 7.2%. Boyd Group Services (BYD.TO) gained 5.7% on strong results. TerraVest Industries (TVK.TO), goeasy (GSY.TO) and Kinaxis Inc (KXS.TO) ended higher by 4 to 5%.

Quebecor Inc. (QBR.B.TO) climbed more than 3.5% after reporting adjusted net income of $205.1 million for the second quarter, up $22.8 million or 12.5% from a year ago.

ATS Corporation (ATS.TO) gained 2.5% after the company reported a net income of $35.3 million for the first quarter of its current financial year, compared to $47.7 million a year ago.

Cargojet (CJT.TO), Colliers International (CIGI.TO), Constellation Software (CSU.TO) and Fairfax Financial Holdings (FFH.TO) also posted impressive gains.

European Shares Seen Higher As US Senate Passes Bill To End Shutdown

European stocks are seen opening on a positive note Tuesday after the U.S. Senate passed the funding bill to end the longest-running government shutdown in history.

RTTNews | 2小時4分鐘前

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3小時15分鐘前

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 4小時18分鐘前

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 4小時37分鐘前

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 5小時9分鐘前

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 5小時40分鐘前

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 6小時10分鐘前

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 6小時24分鐘前

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