Canadian Shares Turning In Mixed Performance In Cautious Trade

RTTNews | 903日前

(RTTNews) - Canadian shares are turning in a mixed performance on Monday with investors largely making cautious moves as they look for directional clues.

Energy and materials shares are down, tracking weak commodity prices. A few stocks from consumer discretionary, financial and technology sectors are up with notable gains.

The benchmark S&P/TSX Composite Index is down 6.91 points or 0.03% at 20,574.67 a few minutes before noon.

The Energy Capped Index is down 1.22%. Secure Energy Services Inc (SES.TO) shares are down as much as 18.3%. Peyto Exploration (PEY.TO), Birchcliff Energy (BIR.TO), Advantage Oil & Gas (AAV.TO) and Tourmaline Oil Corp (TOU.TO) are down 2 to 3%.

Filo Mining Corp (FIL.TO), Algoma Steel Group (ASTL.TO), Methanex Corp (MX.TO), Capstone Mining Corp (CS.TO), Fortuna Silver Mines Inc (FVI.TO), Osisko Mining Inc (OSK.TO), Centerra Gold Inc (CG.TO), Stelco Holdings (STLC.TO) and Nutrien (NTR.TO) are down 2 to 4%.

Technology stock Hut 8 Mining Corp (HUT.TO) is rising nearly 5%. Enghouse Systems (ENGH.TO), Alithya Group (ALYA.TO), Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Open Text Corp (OTEX.TO) are gaining 1 to 2%.

Cargojet Inc. (CJT.TO) shares are down nearly 10% after the company reported fourth-quarter net income of $2.6 million (net income of $14.1 million excluding warrant valuation loss) compared to net gain of $102.0 million in 2021 (net income of $33.4 million excluding warrant valuation gain).

Consumer discretionary stocks Aritzia Inc (ATZ.TO) and Linamar Corp (LNR.TO) are up 2% and 1.3%, respectively.

On the economic front, the Ivey Purchasing Managers Index in Canada fell to 51.6 in February of 2023 from an eight-month high of 60.1 in the prior month.

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 | 25分前

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 | 28分前

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 | 43分前

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 | 45分前

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 | 58分前

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 | 1時28分前

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 | 1時58分前

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 | 2時28分前

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