TSX Ends Marginally Down After Choppy Ride

RTTNews | 1014日前

(RTTNews) - The Canadian market ended marginally down after a choppy session on Wednesday with investors largely making cautious moves.

In addition to digesting the data on Canadian inflation, investors closely followed the developments on the geopolitical front following a missile blast in Poland.

The benchmark S&P/TSX Composite Index ended lower by 36.82 points or 0.18% at 19,957.96 after scaling a low of 19,897.26 and a high of 20,011.58 intraday.

Energy, healthcare and materials shares ended weak, while shares from consumer staples, industrials and consumer discretionary sectors posted strong gains.

Data from Statistics Canada showed Canada's annual inflation rate came in unchanged at 6.9% in October, and that was in line with expectations.

The core inflation rate slowed to 5.8% from 6% in the previous period. On a monthly basis, consumer prices rose by 0.7%, picking up from 0.1% in September.

A report from Canada Mortgage and Housing Corporation showed housing starts in Canada dropped by 11% over month earlier to 267,055 units in October.

First Quantum Minerals (FM.TO), Vermilion Energy (VET.TO), Paramount Resources (POU.TO), Methanex Corporation (MX.TO), Goeasy (GSY.TO) and Shopify Inc (SHOP.TO) ended lower by 3.3 to 6.5%.

Tourmaline Oil Corp (TOU.TO), Canadian Tire Corporation (CTC.A.TO), Nutrien (NTR.TO), West Fraser Timber (WFG.TO) and Kinaxis Inc (KXS.TO) also declined sharply.

Stelco Holdings (STLC.TO) climbed nearly 11%. The company reported adjusted net income of $163 million and adjusted net income per share of $2.40 in the third quarter of this financial year, down 74% from Q3 2021 and 54% from Q2 2022.

Restaurant Brands International (QSR.TO) surged more than 7%. Ag Growth International (AFN.TO), Fairfax Financial Holdings (FFH.TO), Canadian Pacific Railway (CP.TO) and CCL Industries (CCL.B.TO) gained 2.7 to 4.3%.

Metro Inc (MRU.TO) surged 2.75%. The company reported net earnings of $168.7 million in the fourth quarter, down 13.0% from a year ago. Adjusted net earnings came in at $219 .4 million in the latest quarter, up 9.4% over the year-ago quarter.

Loblaw Companies Ltd (L.TO) shares climbed 2.35%. Loblow reported adjusted net earnings of $663 million in the third quarter of this financial year, an increase of $123 million, or 22.8%, over the year-ago quarter.

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 11分前

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 20分前

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 35分前

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 1時5分前

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 1時35分前

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 2時5分前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 2時20分前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2時35分前

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