Canadian Market Down Marginally At Noon In Cautious Trade

RTTNews | 1026 hari yang lalu

(RTTNews) - Canadian shares are turning in a mixed performance on Thursday with investors assessing the impact the latest rate hikes by the Federal Reserve and the Bank of England, and prospects of more increases, might have on global economic growth.

Energy, healthcare and industrials shares are gaining ground, while materials shares are down sharply. Shares from the rest of the sectors are mixed.

The benchmark S&P/TSX Composite Index is down 14.27 points or 0.07% at 19,262.74 a few minutes past noon. The index, which dropped to 19,090.64 earlier in the session, rallied to 19,322.44 subsequently before drifting down again.

Among energy stocks, Advantage Oil & Gas (AAV.TO) is surging more than 8%. Pason Systems (PSI.TO) is climbing 5.7% and Cenovus Energy (CVE.TO) is up nearly 4%. Suncor Energy (SU.TO), Precision Drilling Corp (PD.TO), MEG Energy Corp (MEG.TO), Tourmaline Oil Corp (TOU.TO) and Paramount Resources (POU.TO) are up 2 to 3.5%.

Canadian Natural Resources Ltd. (CNQ.TO) reported third-quarter net earnings of C$2.81 billion, up from net earnings of C$2.20 billion in the year-ago quarter. Earnings per share were C$2.49, up from C$1.86 last year. The stock is up by about 1.2%.

In the healthcare sector, Canopy Growth Corp (WEED.TO) is up 5.2%, Tilray Inc (TLRY.TO) is gaining 4.75% and Bausch Health Companies (BHC.TO) is surging 2.5%.

Bombardier Inc (BBD.B.TO), up 6.75%, is the biggest gainer in the Industrials Index. Waste Connections (WCN.TO) is up 5.5%. Nfi Group (NFI.TO), Snc-Lavalin (SNC.TO), Ballard Power Systems (BLDP.TO), Cae Inc (CAE.TO), Toromont Industries (TIH.TO), Ats Automation (ATA.TO), Canadian National Railway (CNR.TO) and Canadian Pacific Railway (CP.TO) are up 1 to 2%.

In the materials section, Equinox Gold Corp (EQX.TO) is plunging 14.5%. Nutrien (NTR.TO) is down 12% and Barrick Gold Corp (ABX.TO) is declining 6.7%. Filo Mining Corp (FIL.TO), Stelco Holdings (STLC.TO) and Oceanagold Corp (OGC.TO) are down 2 to 3%.

BCE Inc. (BCE.TO) reported third-quarter net earnings of $771 million, down 5.2% from net earnings of $715 million a year ago. The stock is down marginally.

Data released by Statistics Canada showed Canada's trade surplus rose to C$ 1.1 billion in September of 2022, from a downwardly revised surplus of C$ 0.6 billion in the previous month but below market expectations of CAD 1.3 billion. Exports were up 1.3% at C$ 66.4 billion, while imports increased by 0.4% to C$ 65.2 billion, the data showed.

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

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RTTNews | 10 minit yang lalu

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 50 minit yang lalu

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 1j 18min yang lalu

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1j 20min yang lalu

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1j 35min yang lalu

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1j 38min yang lalu

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1j 50min yang lalu

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2j 20min yang lalu

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