Reklāma

Technology Stocks Shine As TSX Rises For 2nd Straight Day

RTTNews | 1030 days ago

(RTTNews) - The Canadian market ended on a strong note on Monday, led by gains in technology and healthcare sectors.

Stocks from real estate, consumer discretionary and energy sections too posted impressive gains.

The mood in the market was fairly positive amid rising expectations the central banks, including the Federal Reserve and the Bank of Canada will slow the pace of interest rate hikes thanks to the drop in consumer prices.

The benchmark S&P/TSX Composite Index ended with a gain of 128.37 points or 0.63% at 20,631.58.

The Information Technology Capped Index surged 2.94%. Shopify Inc (SHOP.TO), up 8.77%, was the biggest gainer in the sector. Nuvei Corp (NVEI.TO), Lightspeed Commerce (LSPD.TO) and Quarterhill (QTRH.TO) gained 6.6%, 6.4% and 5.3%, respectively. Hut 8 Mining (HUT.TO), BlackBerry (BB.TO), Coveo Solutions (CVO.TO), Absolute Software (ABST.TO) and Open Text Corp (OTEX.TO) were among the other major gainers.

In the healthcare sector, Canopy Growth Corp (WEED.TO) gained nearly 7%. Tilray Inc (TLRY.TO) surged about 5%, while Cronos Group (CRON.TO) climbed 1.8%.

Canadian Tire Corporation (CTC.TO), Cargojet (CJT.TO), Colliers International (CIGI.TO), Goeasy (GSY.TO), Magna International (MG.TO) and Ritchie Bros. Auctioneers (RBA.TO) were among the prominent gainers from other sectors.

Tourmaline Oil Corp (TOU.TO), Rogers Communications (RCI.A.TO), Kinaxis Inc (KXS.TO), Gildan Activewear (GIL.TO) and Precision Drilling Corporation (PD.TO) were among the notable losers in the session.

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.

Australian Market Trims Early Slight Gains In Mid-market

The Australian stock market is trimming its early slight gains in mid-market moves in choppy trading on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks.

RTTNews | 1h 8min ago

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders look to pick up stocks at a bargain following the three-day sell-off in the markets. They are also cautious ahead to the release of some US economic data that was delayed, including the September jobs report on Thursday for clues on the outlook for interest rates.

RTTNews | 1h 25min ago

Indian Shares Seen Little Changed With Focus On Trade Deal

Indian markets look set to open on a flat note Wednesday as investors watch the latest developments on the India-U.S. trade deal.

RTTNews | 1h 52min ago

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it's got another weak lead for Wednesday's trade.

RTTNews | 2h 36min ago

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening in the green and briefly slipping in to the red, reversing some of the losses in the previous three sessions, following the negative cues from Wall Street overnight. The Nikkei 225 is staying above the 48,700 level, with gains in automakers and index heavyweights partially offset by weakness in financial and technology stocks.

RTTNews | 2h 51min ago

Lower Open Called For Indonesia Stock Market

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,360-point plateau although the losses may accelerate on Wednesday.

RTTNews | 3h 6min ago

Hong Kong Shares Expected To Open In The Red

The Hong Kong stock market has finished lower in three straight sessions, slumping almost 1,150 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend its losses on Wednesday.

RTTNews | 3h 21min ago

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks. Most other sectors are performing mixed.

RTTNews | 3h 28min ago

EURUSD	1.15806	GBPUSD	1.314	AUDUSD	0.64911
USDJPY	155.331	USDCAD	1.39957	USDCHF	0.80023