Canadian Stocks Up Firmly In Positive Territory; Corus Entertainment Soars

RTTNews | 774 dias atrás

(RTTNews) - The Canadian market is up firmly in positive territory a little past noon on Thursday, with stocks from across various sectors moving higher on sustained buying interest.

Concerns about interest rates have eased after data on Wednesday showed U.S. inflation softened in the month of June. Hopes of additional stimulus in China to boost growth in the world's second largest economy contributed as well to the positive mood in the market.

The benchmark S&P/TSX Composite Index is up 175.10 points or 0.87% at 20,245.87 about a quarter past noon.

Corus Entertainment Inc. (CJR.B.TO) shares are soaring nearly 20% after the company said its subsidiary, Nelvana Limited, has entered into a definitive agreement under which Integrated Media Company, a TPG platform, will acquire Nelvana's subsidiary, Toon Boom Animation Inc. for approximately C$147.5 million in cash.

Canopy Growth Corp (WEED.TO) is rising 12.5% and Hut & Mining Corp (HUT.TO) is up 11%, while Aritzia Inc (ATZ.TO) is up nearly 6%. Capstone Corp (CS.TO), Docebo Inc (DCBO.TO), Nuvei Corporation (NVEI.TO), Hudbay Minerals (HBM.TO), Ballard Power Systems (BLDP.TO), Ivanhoe Mines (IVN.TO) and Mullen Group (MTL.TO) are up 3.5 to 5.3%.

Cameco Corporation (CCO.TO), First Quantum Minerals (FM.TO), Haivision Systems (HAI.TO), American Lithium Corp (LI.TO), Innergex Renewable Energy (INE.TO) and Lightspeed Cormmerce (LSPD.TO) are among the other prominent gainers.

SNC-Lavalin Group Inc. (SNC.TO) is down 2.5%. The company announced today that it has received an $85 million transportation development general engineering consultant (GEC) services contract from Florida's Turnpike Enterprise.

ARC Resources (ARX.TO), MAG Silver Corp (MAG.TO), Birchcliff Energy (BIR.TO), Canfor Corp (CFP.TO), Tecsys Inc (TCS.TO), MTY Food Group (MTY.TO), Spin Master Corp (TOY.TO) and Stantec (STN.TO) are down 1 to 1.6%.

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 | 15 minutos atrás

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 | 45 minutos atrás

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 | 1 h 0 min atrás

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 | 1 h 15 min atrás