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TSX Snaps 5-day Losing Streak, Ends On Firm Note

RTTNews | 321 days ago

TSX Snaps 5-day Losing Streak, Ends On Firm Note

(RTTNews) - After five successive days of losses, the Canadian market closed on a firm note on Monday thanks to strong gains in consumer discretionary, consumer staples, healthcare and financials sectors.

Several stocks from technology and industrials sectors also closed notably higher. Energy stocks fell as oil prices tumbled.

The benchmark S&P/TSX Composite Index ended up by 101.99 points or 0.42% at 24,565.66. The index touched a low of 24,406.42 and a high of 24,598.96.

Consumer staples stocks Alimentation Couche-Tard (ATD.TO) and Loblaw (L.TO) gained 3.86% and 1.72%, respectively. George Weston (WN.TO) climbed 1.2%.

In the consumer discretionary sector, Magna International (MG.TO) and Spin Master (TOY.TO) climbed about 2.3% and 2.2%, respectively. Brp Inc (DOO.TO) gained nearly 2%, and Dollarama Inc (DOL.TO) ended higher by 1.41%.

Healthcare stocks Bausch Health Companies (BHC.TO) climbed nearly 2%, and Tilray Inc (TLRY.TO) ended higher by about 1.7%.

Bitfarms (BITF.TO) soared 12.8%, topping the list of gainers in the Information Technology Capped Index. Sylogist (SYZ.TO) gained nearly 6% and Sangoma Technologies (STC.TO) ended with a gain of 3%. Open Text Corp (OTEX.TO), Descartes Systems Group (DSG.TO), Celestica Inc (CLS.TO) and Shopify Inc (SHOP.TO) gained 1 to 1.5%.

Igm Financial (IGM.TO), Brookfield Corporation (BN.TO), Open Text Corp (OTEX.TO), Brookfield Asset Management (BAM.TO), CI Financial Corp (CIX.TO) and Manulife Financial (MFC.TO) gained 1.4 to 2.6%.

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Taiwan Bourse Overdue For Profit Taking On Monday

Taiwan Bourse Overdue For Profit Taking On Monday

The Taiwan stock market has tracked higher in eight straight sessions, collecting more than 1,450 points or 5.8 percent along the way. The Taiwan Stock Exchange now sits just beneath the 25,475-point plateau although it's expected to run out of steam on Monday.

RTTNews | 33 minutes ago

Singapore Stock Market Tipped To Open In The Red

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market on Friday snapped the two-day winning streak in which it had risen almost 60 points or 1.4 percent. The Straits Times Index now sits just beneath the 4,350-point plateau and it may take further damage on Monday.

RTTNews | 1h 3min ago

Malaysia Bourse May Hand Back Friday's Gains

Malaysia Bourse May Hand Back Friday's Gains

The Malaysia stock market bounced higher again on Friday, one day after halting the three-day winning streak in which it had collected more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may head south again on Monday.

RTTNews | 1h 33min ago

KOSPI May See Profit Taking On Monday

KOSPI May See Profit Taking On Monday

The South Korea stock market has moved higher in nine straight sessions, surging more than 250 points or 7.9 percent along the way. Now at another fresh record closing high, the KOSPI sits just beneath the 3,350-point plateau and it is overdue for consolidation on Monday.

RTTNews | 2h 3min ago

New Zealand Services Index Slumps In August - BusinessNZ

New Zealand Services Index Slumps In August - BusinessNZ

The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.

RTTNews | 2h 26min ago

China Data On Tap For Monday

China Data On Tap For Monday

China will release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On tap are August numbers for industrial production, retail sales, fixed asset investment, house prices and unemployment.

RTTNews | 3h 3min ago

Canadian Dollar Eases Against Most Majors

Canadian Dollar Eases Against Most Majors

The Canadian dollar retreated against its most major counterparts in the New York session on Friday.

RTTNews | 2 days ago

Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers

Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers

The Switzerland market ended notably lower on Friday after languishing in negative territory right through the day's session.

RTTNews | 2 days ago

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