TSX Ends Lower For 6th Straight Day

RTTNews | Pred 692 dňami
Stocktwits
TSX Ends Lower For 6th Straight Day

(RTTNews) - Canadian stocks drifted lower on Friday, extending losses to a sixth straight session, amid rising concerns interest rate hikes will hurt growth and weigh on corporate earnings as well.

Healthcare, utilities, financials and energy stocks fell. Several stocks from industrials sector too posted sharp losses.

The benchmark S&P/TSX Composite Index ended with a loss of 162.67 points or 0.83% at 19,418.23, a three-month low.

In the healthcare sector, Canopy Growth Corp (WEED.TO) plunged 11.7% despite reporting a surge in quarterly revenue. The company reported fourth-quarter net revenue of $87.5 million, up 14% compared to the net revenue the company recorded in the year-ago quarter.

Tilray Inc (TLRY.TO) ended more than 6% down, while Bausch Health Companies (BHC.TO) lost about 2.1%.

Among utilities stocks, Algonquin Power and Utilities Corp (AQN.TO), Transalta Renewables (RNW.TO), Transalta Corp (TA.TO), Altagas (ALA.TO) and Capital Power Corp (CPX.TO) lost 2 to 3.45%.

Among financials shares IA Financial Corp (IAG.TO) ended more than 4% down. Goeasy (GSY.TO), EQB Inc (EQB.TO), National Bank of Canada (NA.TO), Power Corp of Canada (POW.TO), Bank of Montreal (BMO.TO) and Manulife Financial (MFC.TO) lost 1 to 2.6%.

Vermilion Energy (VET.TO), Baytex Energy (BTE.TO), Crescent Point Energy (CPG.TO), Parex Resources (PXT.TO), Imperial Oil (IMO.TO) and MEG Energy Corp (MEG.TO) were among the major losers in the energy sector.

Thomson Reuters (TRI.TO), FirstService Corporation (FSV.TO), Kinaxis Inc (KXS.TO), Docebo Inc (DCBO.TO) and Endeavour Mining Inc (EDV.TO) gained 1 to 2.5%.

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Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market on Thursday snapped the four-day winning streak in which it had surged almost 1,250 points or 6.2 percent. The Taiwan Stock Exchange now sits just above the 21,730-point plateau although it's likely to tick higher again on Friday.
RTTNews | Pred 29 minútami
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RTTNews | Pred 1 h 2 min
Malaysia Shares May Bounce Higher Again On Friday

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The Malaysia stock market on Thursday snapped the three-day winning streak in which it had risen more than 40 points or 2.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,570-point plateau although it may see renewed support on Friday.
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The Japanese stock market has moved lower in back-to-back sessions, dropping almost 450 points or 1.3 percent along the way. The Nikkei 225 now sits just above the 37,750-point plateau although it may find traction on Friday.
RTTNews | Pred 1 h 44 min
South Korea Bourse May Reverse Thursday's Losses

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The South Korea stock market on Thursday ended the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,620-point plateau although it's expected to bounce higher again on Friday.
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Japan GDP Data Due On Friday

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RTTNews | Pred 2 h 59 min
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