Canadian Market Down Marginally At Noon In Cautious Trade

RTTNews | 1026 dni temu

(RTTNews) - Canadian shares are turning in a mixed performance on Thursday with investors assessing the impact the latest rate hikes by the Federal Reserve and the Bank of England, and prospects of more increases, might have on global economic growth.

Energy, healthcare and industrials shares are gaining ground, while materials shares are down sharply. Shares from the rest of the sectors are mixed.

The benchmark S&P/TSX Composite Index is down 14.27 points or 0.07% at 19,262.74 a few minutes past noon. The index, which dropped to 19,090.64 earlier in the session, rallied to 19,322.44 subsequently before drifting down again.

Among energy stocks, Advantage Oil & Gas (AAV.TO) is surging more than 8%. Pason Systems (PSI.TO) is climbing 5.7% and Cenovus Energy (CVE.TO) is up nearly 4%. Suncor Energy (SU.TO), Precision Drilling Corp (PD.TO), MEG Energy Corp (MEG.TO), Tourmaline Oil Corp (TOU.TO) and Paramount Resources (POU.TO) are up 2 to 3.5%.

Canadian Natural Resources Ltd. (CNQ.TO) reported third-quarter net earnings of C$2.81 billion, up from net earnings of C$2.20 billion in the year-ago quarter. Earnings per share were C$2.49, up from C$1.86 last year. The stock is up by about 1.2%.

In the healthcare sector, Canopy Growth Corp (WEED.TO) is up 5.2%, Tilray Inc (TLRY.TO) is gaining 4.75% and Bausch Health Companies (BHC.TO) is surging 2.5%.

Bombardier Inc (BBD.B.TO), up 6.75%, is the biggest gainer in the Industrials Index. Waste Connections (WCN.TO) is up 5.5%. Nfi Group (NFI.TO), Snc-Lavalin (SNC.TO), Ballard Power Systems (BLDP.TO), Cae Inc (CAE.TO), Toromont Industries (TIH.TO), Ats Automation (ATA.TO), Canadian National Railway (CNR.TO) and Canadian Pacific Railway (CP.TO) are up 1 to 2%.

In the materials section, Equinox Gold Corp (EQX.TO) is plunging 14.5%. Nutrien (NTR.TO) is down 12% and Barrick Gold Corp (ABX.TO) is declining 6.7%. Filo Mining Corp (FIL.TO), Stelco Holdings (STLC.TO) and Oceanagold Corp (OGC.TO) are down 2 to 3%.

BCE Inc. (BCE.TO) reported third-quarter net earnings of $771 million, down 5.2% from net earnings of $715 million a year ago. The stock is down marginally.

Data released by Statistics Canada showed Canada's trade surplus rose to C$ 1.1 billion in September of 2022, from a downwardly revised surplus of C$ 0.6 billion in the previous month but below market expectations of CAD 1.3 billion. Exports were up 1.3% at C$ 66.4 billion, while imports increased by 0.4% to C$ 65.2 billion, the data showed.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 37 minut temu

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 7 minut temu

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1g 22 minut temu

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 37 minut temu