Canadian Market Continues To Languish In Negative Territory

RTTNews | 936 days ago

(RTTNews) - The Canadian market continues to languish in negative territory Wednesday afternoon with stocks from energy and consumer staples sectors posting sharp losses.

The benchmark S&P/TSX Composite Index, which drifted down to 20,580.50 around noon, is down 109.70 points or 0.52% at 20,657.68.

The Energy Capped Index is down more than 3%. Spartan Delta Corp (SDE.TO) is plunging nearly 10%. Crescent Point Energy (CPG.TO), Vermilion Energy (VET.TO) and Enerplus Corp (ERF.TO) are down 5 to 5.6%.

Cenovus Energy (CVE.TO), Whitecap Resources (WCP.TO), Baytex Energy (BTE.TO), Arc Resources (ARX.TO), Precision Drilling Corp (PD.TO) and Canadian Natural Resources (CNQ.TO) are down 3 to 4%.

Consumer staples stocks Loblaw Co (L.TO), Empire Company (EMP.A.TO), Metro Inc (MRU.TO), Premium Brands Holdings (PBH.TO), Weston George (WN.TO) and Saputo (SAP.TO) are down 1 to 2%.

Among the gainers, Linamar Corporation (LNR.TO), CGI Inc (GIB.A.TO), BRP Inc (DOO.TO) and Boralex (BLX.TO) are up 3 to 4.5%.

Magna International (MG.TO), Canadian Tire Corporation (CTC.A.TO), Cogeco Inc (CGO.TO), Descartes Systems Group (DSG.TO), Tfi International (TFII.TO) and Goeasy (GSY.TO) are gaining 1 to 2.7%.

On the economic front, the S&P Global Canada Manufacturing PMI rose to 51 in January 2022 from 49.2 in the previous month.

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 | 32 minutes ago

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 | 1h 2min ago

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely 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.

RTTNews | 1h 32min ago

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1h 47min ago

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | 2h 2min ago

EURUSD	1.16487	GBPUSD	1.3481	AUDUSD	0.64901
USDJPY	147.135	USDCAD	1.38449	USDCHF	0.80352

Canadian Market Continues To Languish In Negative Territory

Taiwan Bourse May Hand Back Monday's Gains

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower