TSX Comes Off 20-month High, Ends Moderately Lower

RTTNews | 671 dni temu

(RTTNews) - Canadian stocks closed lower on Tuesday, weighed down by losses in materials and financials sectors.

The mood remained cautious with investors awaiting U.S. inflation data and earnings updates from major U.S. banks.

The benchmark S&P/TSX Composite Index, which tumbled to 20,880.43 in early trades, ended the day's session at 20,970.98, recording a loss of 103.93 points or 0.49%.

Healthcare stock Tilray Inc (TLRY.TO) ended more than 9% down. Bausch Health Companies (BHC.TO) ended 0.8% down.

Materials shares Nutrien (NTR.TO), Ero Copper (ERO.TO), New Gold Inc (NGD.TO), Lundin Mining (LUN.TO), First Quantum Minerals (FM.TO), Novagold (NG.TO), Capstone Mining Corp (CS.TO) and Teck Resources (TECK.B.TO) lost 2.5 to 4%.

K92 Mining Inc (KNT.TO) soared nearly 10% after the company announced that it generated 39,101 oz AuEq or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver in the fourth quarter. Sales during the quarter were 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.

In the financials sector, Toronto-Dominion Bank (TD.TO) and Nuvei Corp (NVEI.TO) lost 4.4% and 4%, respectively. Bank of Montreal (BMO.TO), Manulife Financial (MFC.TO), CDN Western Bank (CWB.TO) and Fairfax Financial Holdings (FFH.TO) ended lower by 1 to 1.5%.

Technology stocks Shopify Inc (SHOP.TO) and Alithya Group (ALYA.TO) gained 3.4% and 3.3%, respectively. Enghouse Systems (ENGH.TO), Docebo Inc (DCBO.TO), Kinaxis Inc (KXS.TO) and Softchoice Corp (SFTC.TO) advanced 1 to 1.5%.

Blackberry (BB.TO) climbed more than 2.5% after Dutch auto manufacturer Stellantis N.V. (STLA) announced the launch of a virtual cockpit platform that will use the QNX Hypervisor from Canadian software company, BlackBerry.

The platform will enable the delivery of infotainment tech to customers that is expected to be 100 times faster than previous processes.

On the economic front, data from Statistics Canada showed the nation recorded a trade surplus of C$ 1.6 billion in November of 2023, narrowing considerably from the C$ 3.2 billion surplus in the previous month. Exports edged down 0.6% to $65.74 billion in the month, while imports increased 1.9% to C$64.2 billion.

Another data from Statistics Canada showed the total value of building permits in Canada fell by 3.9% from a month earlier to $10.9 billion in November 2023, reversing an upwardly revised 3% growth in the preceding month.

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 1g 14 minut temu

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 2g 17 minut temu

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 2g 36 minut temu

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3g 9 minut temu

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3g 40 minut temu

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 4g 10 minut temu

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 4g 24 minut temu

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 4g 25 minut temu

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