Canadian Market Recovers After Weak Start; TSX Up Marginally

RTTNews | 46 days ago
Canadian Market Recovers After Weak Start; TSX Up Marginally

(RTTNews) - Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

Healthcare stocks are faring well, while materials are exhibiting weakness. Shares from rest of the sectors are mixed.

Although trade tensions have eased, there is still some uncertainty about the U.S. and China eventually drawing up an amicable tariff plan.

The benchmark S&P/TSX Composite Index, which dropped to 25,834.01 in early trades, was up 31.31 points or 0.12% at 25,928.79 about a quarter past noon.

Among the gainers, MEG Energy is soaring nearly 17%. The stock is up following Calgary-Alberta based Strathcona Resources announcing a cash-and-stock bid to acquire the oil sands producer.

Athabasca Oil Corp is up 8.5% and Tilray is rising 6.5%. TerraVest Industries is up 4.3%, while Spin Master Corp, ARC Resources, Jamieson Wellness, Trisura, Baytex Energy Corp, Kelt Exploration, Canadian Tire Corporation, Cargojet, Stantec and Gildan Activewear are gaining 2 to 3%.

Capstone Mining, Ero Copper, Aya Gold & Silver, Endeavour Silver, Denison Mines, Hudbay Minerals, Ivanhoe Mines, Teck Resources, Lundin Mining, Seabridge Gold and First Quantum Minerals are down 3 to 5%.

Fresnillo Plc, a Mexican precious metals miner, said on Friday that it has sold its stake in MAG Silver Corp. (MAG.TO) following the announcement of the deal that Pan American Silver Corp. (PAAS.TO) is set to buy MAG Silver.

Fresnillo had earlier acquired its stake in MAG Silver to support the strong partnership at Juanicipio, a silver mine, where Fresnillo is the operator and majority owner. Shares of MAG Silver are down 1.7%, while Pan American Silver Corp is declining 0.8%.

Data from Statistics Canada showed Canadian investors acquired C$15.6 billion in foreign securities in March, while foreign investors continued to reduce their exposure to Canadian assets, divesting C$4.2 billion during the same period.

read more
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 well moving above the 8,550 level, following the mixed cues from Wall Street overnight, with gains in iron ore miners and energy stocks as well as a mixed performance in all other sectors.
RTTNews | 1h 29min ago
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders cautiously watch developments on the tariff front as the deadline of July 9 set by the US President Donald Trump nears. US Fed Chair Jerome Powell stated that the looming threat of a global trade war stopped the Fed from slashing interest rates. Asian markets closed mixed on Tuesday.
RTTNews | 1h 40min ago
Sensex, Nifty Seen Flat To Higher At Open

Sensex, Nifty Seen Flat To Higher At Open

Indian shares look set to open higher on Wednesday as reports suggest that the India-U.S. trade deal is in its final stages of negotiations.
RTTNews | 2h 32min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, extending the sharp losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,650 level, with weakness in technology and financial stocks as well as mixed performance in most other sectors.
RTTNews | 2h 49min ago
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in two straight sessions, collecting almost 30 points or 2.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,110-point plateau although it may run out of steam on Wednesday.
RTTNews | 3h 6min ago
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,550 level, following the mixed cues from Wall Street overnight, with gains in iron ore miners and energy stocks as well as a mixed performance in all other sectors.
RTTNews | 3h 32min ago
Soft Start Called For Indonesia Stock Market

Soft Start Called For Indonesia Stock Market

The Indonesia stock market on Tuesday ended the two-day winning streak in which it had added almost 100 points or 1.3 percent. The Jakarta Composite Index now sits just above the 6,915-point plateau and the losses may accelerate on Wednesday.
RTTNews | 3h 36min ago