TSX Ends At 2-month High

RTTNews | 763 days ago

(RTTNews) - After a somewhat lackluster session, the Canadian market ended modestly higher on Monday. Amid a lack of triggers, the mood remained cautious right through the day's session.

Gains in technology, real estate and healthcare sectors contributed to market's positive close.

The minutes from the Federal Reserve's latest meeting, due on Tuesday, may provide more clarity about the central bank's interest-rate path.

The benchmark S&P/TSX Composite Index ended up 70.70 points or 0.35% at 20,246.47, a two-month closing high. The index touched a low of 20,262.02 and a high of 20,125.94.

Cargojet Inc. (CJT.TO) climbed nearly 3%. Goeasy (GSY.TO), Fairfax Financial Holdings (FFH.TO), Shopify Inc (SHOP.TO), Colliers International (CIGI.TO), TFI International (TFII.TO), Thomson Reuters (TRI.TO) and FirstService Corporation (FSV.TO) gained 1 to 2%.

Dye & Durham Ltd (DND.TO) and Copperleaf Technologies (CPLF.TO) both climbed nearly 6.5%. Hut 8 Mining (HUT.TO), Coveo Solutions (CVO.TO), Converge Technology (CTS.TO), Quarterhill (QTRH.TO) and Enghouse Systems (ENGH.TO) gained 2.2 to 4.2%. Shopify Inc (SHOP.TO) surged 1.7%.

Realty stocks Altus Group (AIF.TO), Storagevault Canada (SVI.TO), Allied Properties (AP.UN.TO) and Tricon Capital Group (TCN.TO) gained 2 to 3%.

Teck Resources Limited (TECK.A.TO) gained about 1% after the company announced that the Toronto Stock Exchange has accepted the notice filed by the company to establish a normal course issuer bid to purchase class B subordinate voting shares. Following this, Teck may purchase up to 40 million class B shares, representing approximately 7.8% of the outstanding class B Shares, or 7.9% of the public float, as at November 15, 2023.

Canadian Tire Corporation (CTC.TO) dropped 5.7%. SSR Mining Inc (SSRM.TO) ended 3.6% down. Wajax Corporation (WJX.TO), Precision Drilling Corporation (PD.TO) and Premium Brands Holdings (PBH.TO) ended lower by 1.5 to 2%.

Franco-Nevada Corporation (FNV.TO) ended 2% down, after the company lowered its production guidance for the year following the Cobre Panama mine ramping down operations due to protests that have blocked supplies.

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1h 13min ago

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 1h 18min ago

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1h 28min ago

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 1h 38min ago

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1h 58min ago

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 2h 28min ago

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 58min ago

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 3h 13min ago

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