TSX Up 0.7% As Technology, Energy Stocks Rise Sharply

RTTNews | 843 dni temu

(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.

Australian Market Extends Early Sharp Losses In Mid-market

The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.

RTTNews | 1g 10 minut temu

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.

RTTNews | 1g 35 minut temu

Indian Shares Set To Follow Global Peers Lower

Indian shares look set to open on a sluggish note Tuesday as concerns prevail over tech valuations and the outlook for U.S. interest rates.

RTTNews | 2g 5 minut temu

Thai Shares May Head South Again On Tuesday

The Thai stock market has finished higher in two of three trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it may hand back those gains on Tuesday.

RTTNews | 2g 47 minut temu

Renewed Consolidation Expected For Indonesia Shares

The Indonesia stock market on Monday ended the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,410-point plateau although it's expected to open under water again on Tuesday.

RTTNews | 3g 17 minut temu

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling more than 2 percent to well below the 49,200 level, with weakness across all sectors led by exporters and technology stocks.

RTTNews | 3g 24 minut temu

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has finished lower in consecutive trading days, slumping almost 690 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 26,380-point plateau and it's expected to see continued consolidation on Tuesday.

RTTNews | 3g 32 minut temu

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,600 level, with weakness across most sectors led by mining and technology stocks.

RTTNews | 3g 46 minut temu

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