Reklāma

Canadian Market Up In Positive Territory; Technology Stocks Rise

RTTNews | 973 days ago

(RTTNews) - The Canadian market is up firmly in positive territory in late morning trade on Monday, led by gains in technology and healthcare sectors.

Several stocks from real estate, energy, industrials and consumer discretionary sectors are also notably higher.

Easing worries about interest rate hikes following recent data showing a drop in consumer price inflation in the U.S. and Canada appear to be aiding sentiment.

The benchmark S&P/TSX Composite Index is up 94.14 points or 0.46% at 20.597.35.

The Information Technology Index is rising 2.3%. Hut 8 Mining Corp (HUT.TO) and Shopify Inc (SHOP.TO) both are gaining about 7.5%. Lightspeed Commerce (LSPD.TO), Payfare Inc (PAY.TO), Coveo Solutions (CVO.TO), Nuvei Corp (NVEI.TO), BlackBerry (BB.TO) and Absolute Software Corp (ABST.TO) are up 2 to 5%.

In the healthcare section, Canopy Growth Corp (WEED.TO) is rising nearly 6.5% and Tilray Inc (TLRY.TO) is gaining 4%. Bellus Health Co (BLU.TO) shares are up 1.5%.

Real estate stocks Colliers International Group (CIGI.TO), Granite Real Estate (GRT.UN.TO), Crombie Real Estate (CRR.UN.TO), Tricon Capital Group (TCN.TO), CT Real Estate (CRT.UN.TO), Smartcentres Real Estate (SRU.UN.TO) and Primaris REIT (PMZ.UN.TO) are up 1 to 2%.

Among energy stocks, Africa Oil Corp (AOI.TO) is up 4.3%, while Suncor Energy (SU.TO), Vermilion Energy (VET.TO), Paramount Resources (POU.TO) and MEG Energy (MEG.TO) are gaining 2 to 2.6%.

Industrials stocks Ballard Power Systems (BLDP.TO) and Cargojet (CJT.TO) are up 5.2% and 3.5%, respectively. Ritchie Bros Auctioneers (RBA.TO), Exchange Iron Corp (EIF.TO), Brookfield Business Partners (BBU.UN.TO) and Tfi International (TFII.TO) are up 2 to 3%.

In the consumer discretionary sector, Aritzia Inc (ATZ.TO) is up 3%, Canada Goose Holdings (GOOS.TO) is up 2.3% and Sleep Country Canada Holdings (ZZZ.TO) is rising 1.75%. Magna International (MG.TO) and Mty Food Group (MTY.TO) are also notably higher.

Data from Statistics Canada showed new home prices in Canada stalled from the prior month in December of 2022, holding the 0.2% decline in the previous month and compared to expectations of a 0.2% decline.

Canadian new housing prices rose by 3.9% year-on-year, the least since October of 2020, and slowing from the 4.1% rise in the previous month.

European Shares Seen Flat To Higher At Open

European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.

RTTNews | 2h 44min ago

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.

RTTNews | 2h 59min ago

Sensex, Nifty Extend Losses In Cautious Trade

Indian shares were a tad lower on Tuesday, with tariff worries and escalating tensions in Europe and the Middle East keeping investors on edge.

RTTNews | 3h 39min ago

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.

RTTNews | 4h 48min ago

Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.

RTTNews | 5h 13min ago

Sensex, Nifty Seen Lower At Open

Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.

RTTNews | 5h 44min ago

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.

RTTNews | 6h 14min ago

Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.

RTTNews | 6h 44min ago

EURUSD	1.17853	GBPUSD	1.35157	AUDUSD	0.65902
USDJPY	147.762	USDCAD	1.38428	USDCHF	0.79328