TSX Ends Lower For 3rd Straight Day

RTTNews | 657 일 전

(RTTNews) - The Canadian market ended on a negative note on Wednesday, extending losses to a third straight session, as energy and materials stocks tumbled once again due to weak commodity prices amid persisting worries about global economic slowdown.

Uncertainty about the Federal Reserve's interest rate path weighed as well on the market.

The benchmark S&P/TSX Composite Index ended with a loss of 45.38 points or 0.23% at 19,530.21. The index scaled a low of 19,479.39 and a high of 19,646.03 intraday.

The Materials Capped Index dropped 2.05%. Pan American Silver Corp (PAAS.TO) tanked nearly 9%. First Quantum Minerals (FM.TO), Endeavour Silver Corp (EDR.TO), Torex Gold Resources (TXG.TO), Dundee Precious Metals (DPM.TO) and B2Gold Corp (BTO.TO) ended lowr by 4 to 6.1%.

The Energy Capped Index shed 2%. Athabasca Oil Corp (ATH.TO) ended 5.5% down. MEG Energy (MEG.TO), Advantag Oil & Gas (AAV.TO), Baytex Energy (BTE.TO), Paramount Resources (POU.TO), Crescent Point Energy (CPG.TO), Arc Resources (ARX.TO), Whitecap Resources (WCP.TO), Vermilion ENergy (VET.TO), Tourmaline Oil Corp (TOU.TO) and Canadian Natural Resources (CNQ.TO) lost 2 to 4%.

Nuvei Corporation (NVEI.TO) zoomed nearly 20% after the company reported stronger-than-expected revenues for the third-quarter.

ATS Corp. (ATS.TO) soared more than 10% after the company reported that its second quarter net income increased to C$50.7 million from C$29.5 million, a year ago. Earnings per share was C$0.51 compared to C$0.32.

CGI Inc. (GIB.A.TO) ended nearly 3% down despite a surge in earnings. The company reported fourth quarter net earnings of C$414.5 million, up 14.4% compared with the same period last year. Earnings per share were C$1.76 compared to C$1.51 last year, an increase of 16.6%.

TC Energy (TRP.TO) reported third-quarter net loss of $0.2 billion or $0.19 per common share compared to net income of $0.8 billion or $0.84 per common share in third quarter 2022. TC Energy shares gained nearly 1%.

Hydro One Ltd. (H.TO) reported third-quarter net income of $357 million, compared with $307 million in the year-ago quarter. The stock edged down marginally.

Tecsys (TCS.TO) surged nearly 10%. Canadian Tire Corporation (CTC.TO), Ag Growth International (AFN.TO), Intact Financial Corporation (IFC.TO), goeasy (GSY.TO), Cargojet (CJT.TO), Fairfax Financial Holdings (FFH.TO) and Constellation Software (CSU.TO) also posted strong gains.

Wajax Corporation (WJX.TO) dropped 7.5%. Newmont Corporation (NGT.TO), Sprott Inc (SII.TO), CCL Industries (CCL.A.TO), Agnico Eagle Mines (AEM.TO) and Teck Resources (TECK.B.TO) lost 2 to 5%.

On the economic front, data from Statistics Canada showed the total value of building permits in Canada fell sharply by 6.1% from a month earlier to $11.2 billion in September, reversing an upwardly revised 4.3% growth in the prior month.

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 | 13 분 전

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 | 21 분 전

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 | 36 분 전

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 시간 6 분 전

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 시간 36 분 전

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 시간 6 분 전

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 시간 21 분 전

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 시간 36 분 전

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