TSX Ends Moderately Lower

RTTNews | 873 dias atrás

(RTTNews) - The Canadian market ended notably lower on Thursday, hurt by losses in healthcare, technology and industrials sectors.

Data showing a slowdown in U.S. private sector job growth, and slowing service sector activity weighed on sentiment.

The benchmark S&P/TSX Composite Index ended with a loss of 116.21 points or 0.57% at 20,159.55, more than 60 points off the day's low of 20,097.59.

Technology stocks Hut 8 Mining (HUT.TO), Lightspeed Commerce (LSPD.TO), Shopify Inc (SHOP.TO), Docebo Inc (DCBO.TO) and Coveo Solutions (CVO.TO) lost 4 to 6%.

Enghouse Systems (ENGH.TO), Celestica Inc (CLS.TO), BlackBerry (BB.TO) and Kinaxis Inc (KXS.TO) also ended notably lower.

In the Healthcare sector, Bellus Health Inc (BLU.TO) tumbled 7%. Canopy Growth Corp (WEED.TO) drifted down 5.73%, Tilray Inc (TLRY.TO) ended 2.1% down, and Bausch Health Companies (BHC.TO) drifted down 1.6%.

Among industrials shares, Ballard Power Systems (BLDP.TO) declined 5.6%. Russel Metals (RUS.TO), Toromont Industries (TIH.TO), WSP Global Inc (WSP.TO), Ats Corp (ATS.TO), Bombardier Inc (BBD.B.TO), Badger Infrastructure (BDGI.TO) and Snc-Lavalin (SNC.TO) lost 2.7 to 4.3%.

Utilities shares Fortis Inc (FTS.TO), Emera Inc (EMA.TO), Atco (ACO.X.TO) and Canadian Utilities (CU.TO) ended lower by 2 to 2.8%.

Communications stocks Telus Corp (T.TO), Rogers Communications (RCI.B.TO) and BCE Inc (BCE.TO) gained 1.4 to 1.7%.

On the economic front, data from Statistics Canada showed Canada posted a trade surplus of C$ 420 million in February of 2023, down sharply from the downwardly revised surplus of C$ 1.2 billion in the previous month. Total exports fell by 2.4% to C$ 65 billion in the period, while imports fell by a slower 1.3% to C$ 64.6 billion.

In U.S. economic news, a report released by payroll processor ADP showed private sector employment rose by 145,000 jobs in March after climbing by an upwardly revised 261,000 jobs in February.

Economists had expected private sector employment to advance by 200,000 jobs compared to the addition of 242,000 jobs originally reported for the previous month.

A separate report released by the Institute for Supply Management said its services PMI PMI slid to 51.2 in March from 55.1 in February. Economists had expected the index to show a much more modest decrease to 54.5.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up 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 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1 h 14 min atrás

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1 h 35 min atrás

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2 h 6 min atrás

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | 2 h 46 min atrás

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3 h 13 min atrás

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start 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 | 3 h 16 min atrás

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 3 h 31 min atrás

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3 h 34 min atrás

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