TSX Up 0.7% As Technology, Energy Stocks Rise Sharply

RTTNews | 661天前

(RTTNews) - The Canadian market remains firmly entrenched in positive territory Friday afternoon with stocks from several sectors holding their gains thanks to sustained buying interest.

Technology, healthcare, energy, materials and industrials shares are among the prominent gainers.

Encouraging Canadian GDP data, and rising expectations the Federal Reserve will end its tightening cycle soon, contribute to the positive mood in the market.

The benchmark S&P/TSX Composite Index is up 142.70 points or 0.7% at 20,528.17.

Data from Statistics Canada showed the Canadian economy grew 0.3% in May. Meanwhile, preliminary estimates show the economy may have contracted by 0.2% in June.

Celestica Inc (CLS.TO) is soaring 15.2%. The company reported adjusted net earnings per share of $0.55 for the second quarter, compared to $0.44 in the year-ago quarte. The company has also raised its earnings guidance for the year.

Imperial Oil Limited (IMO.TO) shares are up 4.7%. The company reported second-quarter net income of $675 million or $1.15 per share on a diluted basis, compared to $2,409 million or $3.63 per share in the second quarter of 2022. The company cited lower commodity prices and increased planned planned turnaround activity as the reason for the lower net earnings.

Toromont Industries (TIH.TO) is gaining 6%. Methanex Corporation (MX.TO), Precision Drilling Corp (PD.TO), Teck Resources (TECK.A.TO) and Shopify Inc (SHOP.TO) are up 3 to 4%.

Molson Coors Canada (TPX.B.TO), Canadian National Railway (CNR.TO), TFI International (TFII.TO), Constellation Software (CSU.TO), Thomson Reuters (TRI.TO), WSP Global (WSP.TO) and Fairfax Financial Holdings (FFH.TO) are up 1 to 2.6%.

Canadian Pacific Kansas City (CP.TO) reported second-quarter net income of $1,325 million, compared to $765 million in the year-ago quarter. The stock is gaining about 0.5%.

TC Energy Corp (TRP.TO) is down 5.6% after the company reported second-quarter net income of $0.3 billion or $0.24 per common share compared to $0.9 billion or $0.90 per common share in second quarter 2022.

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.

RTTNews | 17分鐘前

Sensex, Nifty Set To Follow Global Peers Higher

Indian shares look set to open higher on Tuesday, tracking firm cues from global markets as China cut its benchmark lending rates for the first time in 7 months to boost its struggling economy amid rising trade tensions.

RTTNews | 48分鐘前

Flat Lead Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last nine trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,185-point plateau and it figures to see little movement on Tuesday.

RTTNews | 1小時25分鐘前

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving up to near the 37,800 level, with gains across all sectors led by index heavyweights and technology stocks.

RTTNews | 1小時46分鐘前

Indonesia Bourse Due For Profit Taking

The Indonesia stock market has finished higher in five straight sessions, improving more than 310 points or 4.5 percent in that span. The Jakarta Composite Index now rests just above the 7,140-point plateau although investors may lock in gains on Tuesday.

RTTNews | 1小時55分鐘前

Hong Kong Shares Due For Support On Tuesday

The Hong Kong stock market has moved lower in three straight sessions, dropping more than 300 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 23,330-point plateau although it may halt its slide on Tuesday.

RTTNews | 2小時10分鐘前

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by technology, mining and financial stocks.

RTTNews | 2小時25分鐘前

Little Movement Seen For China Stock Market

The China stock market on Monday ended the two-day slide in which it had slipped more than 35 points or 1 percent. The Shanghai Composite Index now rests just above the 3,365-point plateau and it's likely to remain in that neighborhood again on Tuesday.

RTTNews | 2小時25分鐘前

EURUSD	1.1242	GBPUSD	1.33646	AUDUSD	0.64467
USDJPY	144.925	USDCAD	1.39587	USDCHF	0.83447

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TSX Up 0.7% As Technology, Energy Stocks Rise Sharply