TSX Ends Session On Firm Note, Gains 1.4% In Week

RTTNews | 766 dias atrás

(RTTNews) - The Canadian market ended on a firm note on Friday, led by gains in healthcare, communications, energy and consumer staples sectors.

A few stocks from industrials, consumer discretionary and financials sectors too found some support.

The mood in the market was a bit cautious amid a lack of fresh triggers. Investors appeared a bit reluctant to make big moves ahead of the Federal Reserve's monetary policy meeting next week.

The benchmark S&P/TSX Composite Index ended with a gain of 110.64 points or 0.54% at 20,547.51, after scaling a low of 20,479.25 and a high of 20,561.96 intraday. The index gained about 1.4% in the week.

Tilray Inc (TLRY.TO), Chartwell Retirement Residences (CSH.UN.TO) and Sienna Senior Living Inc (SIA.TO) gained 1.3 to 2.3%.

Telus Corp (T.TO) and Quebecor Inc (QBR.B.TO), up 1.9%, and 1.35%, respectively, were the major gainers in the communications sector.

In the energy sector, Imperial Oil (IMO.TO) gained nearly 3%. Crescent Point Energy (CPG.TO), Athabasca Oil Corp (ATH.TO), Vermilion Energy (VET.TO), Baytex Energy (BTE.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO), Enerplus Corp (ERF.TO), MEG Energy (MEG.TO), Precision Drilling Corp (PD.TO) and Canadian Natural Resources (CNQ.TO) gained 1 to 2.5%.

Among consumer staples shares The North West Company (NWC.TO) gained 2.4%. Jamieson Wellness (JSWL.TO) and Metro Inc (MRU.TO) both gained nearly 1.5%.

On the economic front, data from Statistics Canada showed retail sales advanced by 0.2% in May, revised lower from the first estimate of a 0.5% increase. On yearly basis, retail sales increased 0.5% in May over the same month in the previous year.

Another data from Statistics Canada showed new home prices in Canada fell by 0.7% from the previous year in June 2023, extending slightly the 0.6% drop in May.

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 | 35 minutos 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 | 1 h 15 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 | 1 h 42 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 | 1 h 45 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 | 2 h 0 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 | 2 h 3 min atrás

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 2 h 15 min atrás

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2 h 45 min atrás

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