TSX Rises 0.8%, Ends At 1-month High

RTTNews | 1027 days ago

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

Several stocks from consumer discretionary, industrials, real estate, financials and communications sectors also posted impressive gains.

The mood in the market remained quite positive right through the day's session amid hopes the central banks will slow the pace of interest rate hikes. Optimism about Chinese economy helped as well.

The benchmark S&P/TSX Composite Index ended with a gain of 161.77 points or 0.8% at 20,503.21, a new one-month closing high.

The Health Care Capped Index climbed nearly 2.5%. Bellus Health Inc (BLU.TO) and Bausch Health Companies (BHC.TO) gained about 4.4% and 4%, respectively. Tilray Inc (TLRY.TO) climbed 2.3%, while Cronos Group (CRON.TO) and Canopy Growth Corp (WEED.TO) both gained about 1.8%.

The Information Technology Capped Index gained 2.4%. Hut 8 Mining Corp (HUT.TO) and Magnet Forensics (MAGT.TO) soared 14.4% and nearly 14%, respectively. Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Dye & Durham (DND.TO) gained 5.4 to 6%.

Materials shares Interfor Corp (IFP.TO), Oceanagold (OGC.TO), Algoma Steel Group (ASTL.TO), Wesdome Gold Mines (WDO.TO), Canfor Corp (CFP.TO), Lithium Americas Corp (LAC.TO) and West Fraser Timber (WFG.TO) gained 3 to 6%.

Among gainers from other sectors, Mty Food Group (MTY.TO), Canada Goose Holdings (GOOS.TO), Ballard Power Systems (BLDP.TO), Westshore Terminals (WTE.TO), Goeasy (GSY.TO), Onex Corp (ONEX.TO), CI Financial Corp (CIX.TO), IGM Financial (IGM.TO) and Fairfax Financial Holdings (FFH.TO) advanced 2 to 5%.

In economic news, retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. In November, retail sales dropped 0.1% from a month earlier, after seeing an increase of 1.3% (revised) in October.

Retail sales in Canada increased 5.2% in November of 2022, over the same month in the previous year, the data frm Statistics Canada showed.

Australian Market Extends Early Losses In Mid-market

The Australian market is sharply extending its early losses in mid-market moves on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness is financial, energy and technology stocks partially offset by gains in gold miner stocks.

RTTNews | 2h 30min ago

Asian Markets Mixed Amid Cautious Trades

Asian markets are mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of a barrage of US economic data after the US House of Representatives voted on a bill to end the longest government shutdown in U.S. history. The end to the impasse would enable the US Fed to gauge the economy precisely well ahead of its December meeting.

RTTNews | 2h 35min ago

Higher Open Called For Thai Stock Market

The Thai stock market has finished lower in consecutive trading days, dropping more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,285-point plateau although it's expected to find traction on Thursday.

RTTNews | 4h 7min ago

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 51,250 level, with gains across most sectors led by technology and financial stocks. Index heavyweights were weak.

RTTNews | 4h 24min ago

Indonesia Bourse May Extend Wednesday's Gains

The Indonesia stock market on Wednesday ended the two-day slide in which it had fallen almost 30 points or 0.4 percent. The Jakarta Composite Index now sits just beneath the 8,390-point plateau and it may add to its winnings on Thursday.

RTTNews | 4h 37min ago

Hang Seng May Breach 27,000-Point Level

The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.

RTTNews | 4h 52min ago

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, with weakness is financial, energy and technology stocks partially offset by gains in mining stocks.

RTTNews | 4h 54min ago

China Shares May Find Traction On Thursday

The China stock market has moved lower in two straight sessions, sinking almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Thursday.

RTTNews | 5h 7min ago

EURUSD	1.15883	GBPUSD	1.31233	AUDUSD	0.65609
USDJPY	154.875	USDCAD	1.40067	USDCHF	0.79876