TSX Ends Moderately Higher

RTTNews | 501 дней спустя

(RTTNews) - The Canadian market ended on a firm note on Thursday, bouncing back after snapping a five-session winning streak a day earlier, as data showing a bigger than expected increase in U.S. jobless claims raised expectations the Federal Reserve will cut interest rates in September.

Materials shares rallied sharply. Stocks from communications, energy, utilities, real estate and financials sectors too found fairly good support. Technology stocks were a bit weak, while shares from the rest of the sectors ended mixed.

The benchmark S&P/TSX Composite Index, which opened marginally up at 22,287.01, climbed to one-month high 22,426.97, ended with a gain of 116.67 points or 0.52% at 22,375.83.

The Materials Capped Index climbed 2.15%. Wesdome Gold Mines (WDO.TO) and Pan American Silver Corp (PAAS.TO) soared 11.1% and 10.3%, respectively. Torex Gold Resources (TXG.TO) surged 8.4% and Fortuna Silver Mines (FVI.TO) surged 7.5%.

B2Gold Corp (BTO.TO), Kinross Gold Corp (K.TO), Stelco Holdings (STLC.TO) and New Gold Inc (NGD.TO) gained 5 to 6%.

Canadian Tire Corporation (CTC.A.TO) gained nearly 7% after the company reported first-quarter net income of C$96.0 million, compared to C$42.8 million a year ago.

Linamar Corporation (LNR.TO) rallied 6.8%. Nutrien (NTR.TO) gained 4.5%. Kinaxis Inc (KXS.TO), Teck Resources (TECK.A.TO), Methanex Corporation (MX.TO), Agnico Eagle Mines (AEM.TO) and Colliers International (CIGI.TO) gained 2 to 4%.

iA Financial Corporation (IAG.TO) gained nearly 4% despite reporting lower quarterly earnings. The company reported net income of $234 million for the first quarter of 2024, compared to $273 million a year ago.

Quebecor Inc (QBR.TO) climbed about 2.5%. The company reported adjusted income from operating activities of $163.1 million ($0.71 per basic share) for the first quarter of 2024, an increase of $27.1 million ($0.12 per basic share) or 19.9%.

Telus International (TIXT.TO) plunged nearly 19% on weak results. The company reported first-quarter net income of $140 million, down 37.5% from a net income of $224 million the company posted in the year-ago quarter.

Malaysia Stock Market May See Additional Support On Tuesday

The Malaysia stock market on Monday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the financial shares, losses from the telecoms and a mixed picture from the plantation stocks. For the day, the index rose 5.11 points or 0.32 percent to finish at 1,603.34 after trading between 1,596.46 and 1,604.31. Among the actives, 99 Speed Mart Retail sank 0.76 percent, while AMMB Holdings jumped 1.26 percent, Axiata plunged 2.95 percent, Celcomdigi slumped 1.06 percent, CIMB Group strengthened 1.11 percent, Gamuda surged 3.08 percent, IHH Healthcare and Maybank both added 0.41 percent, IOI Corporation eased 0.26 percent, Kuala Lumpur Kepong lost 0.50 percent, Maxis was down 0.27 percent, MISC dropped 0.93 percent, MRDIY soared 1.91 percent, Nestle Malaysia spiked 1.88 percent, Petronas Chemicals increased 0.45 percent, Petronas Dagangan plummeted 3.04 percent, Petronas Gas retreated 1.08 percent, PPB Group slipped 0.39 percent, Press Metal shed 0.53 percent, Public Bank improved 0.71 percent, QL Resources tanked 2.05 percent, RHB Bank collected 0.61 percent, Sime Darby stumbled 2.33 percent, SD Guthrie advanced 0.95 percent, Sunway rallied 1.86 percent, Telekom Malaysia fell 0.42 percent, Tenaga Nasional rose 0.30 percent, YTL Corporation gained 0.37 percent and YTL Power climbed 0.96 percent. The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.

RTTNews | 22 минут назад

KOSPI May Extend Its Gains On Tuesday

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at a fresh record closing high, the KOSPI sits just beneath the 3,470-point plateau and it may tick higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KOSPI finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares, chemicals and technology stocks. For the day, the index added 23.41 points or 0.68 percent to finish at 3,468.65 after trading between 3,458.87 and 3,482.25. Volume was 280.84 million shares worth 11.84 trillion won. There were 545 decliners and 332 gainers. Among the actives, Shinhan Financial fell 0.43 percent, while KB Financial collected 0.34 percent, Hana Financial dipped 0.33 percent, Samsung Electronics surged 4.77 percent, Samsung SDI rallied 2.82 percent, LG Electronics improved 0.76 percent, SK Hynix shed 0.57 percent, Naver sank 0.85 percent, LG Chem jumped 1.69 percent, Lotte Chemical lost 0.76 percent, SK Innovation perked 0.19 percent, POSCO Holdings dropped 0.88 percent, SK Telecom slumped 0.72 percent, KEPCO advanced 0.98 percent, Hyundai Mobis strengthened 1.46 percent, Hyundai Motor accelerated 1.87 percent and Kia Motors rose 0.30 percent.

RTTNews | 52 минут назад

U.S. Dollar Declines Amid Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Monday, amid growing expectations of future rate cuts from the Federal Reserve.

RTTNews | 1ч 19мин назад

Singapore Inflation Data Due On Tuesday

Singapore will on Tuesday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In July, overall inflation was down 0.5 percent on month and up 0.6 percent on year, while core CPI rose an annual 0.5 percent,

RTTNews | 1ч 52мин назад

Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.

RTTNews | 6ч 0мин назад

European Stocks Close Mostly Lower After Cautious Session

European stocks closed mostly weak on Monday amid geopolitical tensions, and the Trump administration's announcement of sweeping changes to the H-1B visa regime. Profit warnings by a few major auto companies weighed as well.

RTTNews | 6ч 26мин назад

TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

After moving to a new record high thanks to strong buying in the materials sector, the Canadian market remains fairly well placed in positive territory a little past noon on Monday. Amid geopolitical tensions and rising bets on more monetary easing by the Federal Reserve this year, gold and silver prices have risen sharply today, triggering hectic buying in the materials sector.

RTTNews | 7ч 37мин назад

Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled

Western United Fish Co., dba Annasea Foods Group, is recalling around 3,300 pounds of Kirkland Signature Ahi Tuna Wasabi Poke sold at Costco stores due to potential contamination with Listeria monocytogenes, according to the U.S. Food and Drug Administration.

RTTNews | 11ч 27мин назад

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