TSX Snaps 5-day Winning Streak, Ends Marginally Down

RTTNews | 543 일 전

(RTTNews) - After five successive days of gains, the Canadian market ended marginally down on Wednesday, recovering well after an early tumble thanks to some strong buying at select counters post mid afternoon.

The market fell sharply in early trades as technology stocks tumbled on some weak results, particularly from Shopify Inc. Utilities, consumer staples, financials and real estate stocks found support, contributing significantly to market's recovery from lower levels.

The benchmark S&P/TSX Composite Index, which fell nearly 250 points to 22,048.94, recovered to settle at 22,259.16, down just 31.46 points or 0.14%.

Shopify Inc (SHOP.TO) shares tanked 18.5% after the company reported a net loss of $273.00 million for the quarter ended March 2024, compared to net profit of US$68.00 million in the year-ago quarter. NexGen Energy (NXE.TO) plunged more than 12%. The company announced that it has entered into a binding term sheet with MMCap International Inc. for the purchase of 2,702,410 pounds natural uranium concentrate for an aggregate purchase price of US$250 million.

Aritzia Inc (ATZ.TO) ended 4.2% down. Methanex Corporation (MX.TO) and Cameco Corporation (CCO.TO) closed lower by about 3% and 2.1%, respectively. Bombardier Inc (BBD.B.TO) and Teck Resources (TECK.A.TO) also declined sharply.

Stella-Jones (SJ.TO) soared nearly 11% after the company reported a net income of $77 million or $1.36 per share for the first quarter of 2024, up 32% from the year-ago quarter.

Altus Group (AIF.TO) rallied 4.3%. Celestica Inc (CLS.TO), goeasy (GSY.TO), West Fraser Timber (WFG.TO) and CCL Industries (CCL.A.TO) gained 3 to 3.5%.

WSP Global (WSP.TO), Constellation Software (CSU.TO), George Weston (WN.TO), Loblaw Companies (L.TO) and Intact Financial Corporation (IFC.TO) ended higher by 1 to 2%.

Nuvei Corporation (NVEI.TO) reported adjusted net income of $62.5 million for the first quarter, down 3% from $64.5 million a year ago. The stock gained about 0.5%.

B2Gold Corp (BTO.TO) gained 2%. The company posted a net income of $48.5 million in the first quarter of 2024, compared to $102 million in the year-ago quarter.

Goeasy Ltd. (GSY.TO) reported a net income of $58.9 million for the first quarter, up 15% from $51.4 million in the same period of 2023. The stock climbed 3.3%.

Suncor Energy (SU.TO) gained nearly 0.5% after the company reported adjusted operating earnings of $1,817 million for the first quarter of 2024, compared to $1,809 million a year ago.

European Shares Set For Mixed Open

European stocks are seen opening broadly higher on Monday, though French markets may drift lower after the National Assembly voted down dual proposals to tax the ultra-wealthy, dealing a blow to left-wing lawmakers who had made fiscal reform their condition for passing the budget.

RTTNews | 1 시간 24 분 전

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares struggled for direction on Monday ahead of a big week for earnings, with around 200 prominent companies scheduled to report their quarterly earnings results.

RTTNews | 2 시간 25 분 전

Australian Market Slashes Early Losses In Mid-market

The Australian stock market is slashing its early losses in mid-market trading on Monday, but extending the losses in the previous four sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,850 level, with weakness in materials stocks partially offset by gains in energy, financial and technology stocks.

RTTNews | 3 시간 36 분 전

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as a temporary tariff truce materialized between the U.S. and China wherein China agreed to buy more U.S. energy. This gave fresh optimism about smooth trade relations between the two major oil consumers of the world. Asian markets closed mixed on Friday.

RTTNews | 3 시간 43 분 전

Sensex, Nifty Likely To Open On Cautious Note

Indian shares look set to open on a subdued note Monday after having snapped their four-week winning streak last week due to profit taking after recent gains to record highs.

RTTNews | 4 시간 25 분 전

China Manufacturing Sector Ebbs In October - RatingDog

The manufacturing sector in China continued to expand in October, albeit at a slower rate, the latest survey from RatingDog revealed on Monday with a manufacturing PMI score of 50.6.

RTTNews | 5 시간 0 분 전

Thai Shares Tipped To Open To The Upside

The Thai stock market has moved lower in consecutive trading days, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it's expected to open in the green on Monday.

RTTNews | 5 시간 2 분 전

Indonesia Bourse Tipped To Erase Friday's Losses

The Indonesia stock market on Friday snapped the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,160-point plateau, although it's likely to bounce higher again on Monday.

RTTNews | 5 시간 32 분 전

EURUSD	1.15372	GBPUSD	1.31446	AUDUSD	0.65591
USDJPY	154.115	USDCAD	1.40089	USDCHF	0.80445