Canadian Market Modestly Higher At Noon

RTTNews | 606 일 전

(RTTNews) - The Canadian market is modestly higher around noon on Wednesday, supported by gains in the energy sector. Shares from the rest of the sectors are turning in a mixed performance.

Amid a lack of fresh data and corporate news, movements are somewhat lackluster.

The benchmark S&P/TSX Composite Index is up 40.78 points or 0.2% at 20,880.41 a few minutes before noon.

Energy stocks are rising thanks to higher oil prices. Athabasca Oil Corp (ATH.TO) is gaining 4.2%. Athbasca announced on Tuesday that it would work with Cenovus Energy (CVE.TO) to create Duvernay Energy. Athabasca, which will hold 70% equity in the new company will manage the firm. Cenovus will own the remaining 30% stake.

Advantage Oil & Gas (AAV.TO) is rising 3.75%. Topaz Energy (TPZ.TO), Birchcliff Energy (BIR.TO), Secure Energy Services (SES.TO), Tamarack Valley Energy (TVE.TO) and International Petroleum Corp (IPCO.TO) are up 2 to 3%. Canadian Natural Resources (CNQ.TO), Paramount Resources (POU.TO) and Enerplus Corp (ERF.TO) are also notably higher.

Industrials shares Mullen Group (MTL.TO) and Snc-Lavalin Group Inc (ATRL.TO) are up 1.8% and 1.7%, respectively.

Artizia Inc (ATZ.TO) is rising nearly 7%. Cogeco Communications (CCA.TO) is up 2.8%. Constellation Software (CSU.TO) is up 1.8%, BRP Inc (DOO.TO) is gaining 1.5% and Loblaw Companies is advancing 1.3%. West Fraser Timber (WFG.To) and Descartes Systems Group (DSG.TO) are up 1.2% and 1.1%, respectively.

Cargojet (CJT.TO) is down 3%, Maple Leaf Foods (MFI.TO) is declining 2.5% and Boralex Inc (BLX.TO) is down nearly 2%. Franco-Nevada Corporation (FNV.TO), Restaurant Brands International (QSR.TO), Bombardier Inc (BBD.B.TO) and Kinaxis Inc (KXS.TO) are down 1 to 1.4%.

SSR Mining Inc. (SSRM.TO) announced that it has inked a deal with Scotiabank (BNS.TO) under which Scotiabank will purchase by way of a block trade 6,161,524 units at a price of C$1.93 per unit. SSR will the gross proceeds of about C$ 11.891 million towards the company's organic growth initiatives and ongoing capital returns. SSR Mining shares are down by about 0.8%.

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.

RTTNews | 37 분 전

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.

RTTNews | 1 시간 30 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.

RTTNews | 1 시간 53 분 전

Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Indian shares look set to open on a positive note Monday after S&P Global Ratings upgraded India's sovereign ratings, citing buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment.

RTTNews | 2 시간 27 분 전

Thai Shares May Tick Lower Again On Monday

The Thai stock market has finished lower in two straight sessions, slipping almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau and it figures to remain rangebound again on Monday.

RTTNews | 3 시간 3 분 전

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving above the 43,500 level to fresh all-time highs, with gains in automakers and exporters partially offset by weakness in financial and technology stocks.

RTTNews | 3 시간 27 분 전

Indonesia Bourse May Extend Losing Streak

The Indonesia stock market on Friday snapped the five-day winning streak in which it had surged more than 440 points or 5.8 percent. The Jakarta Composite Index now sits just beneath the 7,900-point plateau and it's likely to remain stuck in neutral again on Monday.

RTTNews | 3 시간 33 분 전

Hong Kong Shares May See Continued Consolidation On Monday

The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 340 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,270-point plateau and it may continue to sputter on Monday.

RTTNews | 3 시간 48 분 전

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