Canadian Market Up Firmly In Positive Territory; Materials Shares Rally

RTTNews | Pred 731 dňami

(RTTNews) - The Canadian market is up firmly in positive territory around noon on Thursday, led by gains in energy and materials shares.

The undertone is quite firm amid easing fears of a U.S. debt default, and encouraging Chinese factory activity.

The U.S. House of Representatives approved a debt ceiling and budget cuts package on Wednesday. The bill now heads to the Senate, with passage expected by the weekend.

The benchmark S&P/TSX Composite Index is up 124.67 points or 0.64% at 19,696.91 a few minutes past noon.

The Materials Capped Index is surging nearly 2.5%. Filo Mining Corp (FIL.TO) is rising 8.7%. Fortuna Silver Mines (FVI.TO), Osisko Mining (OSK.TO), Algoma Steel Group (ASTL.TO), Equinox Gold Corp (EQX.TO), Eldorado Gold (ELD.TO), Iamgold Corp (IMG.TO), Ivanhoe Mines (IVN.TO), MAG Silver Corp (MAG.TO), Teck Resources (TECK.B.TO) and K92 Mining Inc (KNT.TO) are up 4 to 6.5%.

Among energy stocks, Precision Drilling Corp (PD.TO), Baytex Energy (BTE.TO), MEG Energy (MEG.TO), Crescent Point Energy (CPG.TO), PrairieSky Royalty (PSK.TO) and Cenovus Energy (CVE.TO) are gaining 2 to 4%.

Healthcare stocks Tilray Inc (TLRY.TO) and Canopy Growth Corp (WEED.TO) are up 5.8% and 2.7%, respectively. Sienna Senior Living Inc (SIA.TO) is gaining 1.7%.

Consumer discretionary stocks Linamar Corp (LNR.TO) and Restaurant Brands International (QSR.TO) are gaining 2.8% and 1.7%, respectively.

BRP Inc. (DOO.TO) reported first-quarter net profit of C$154.5 million, or C$1.92 per share, compared with net profit of C$121 million, or C$1.46 per share, in last year's first quarter. The stock is down by about 1.7%.

Laurentian Bank of Canada (LB.TO) is rising more than 4.5% after the bank reported net income of $49.3 million and diluted earnings per share of $1.11 for the second quarter of 2023, compared with $59.5 million and $1.34 for the second quarter of 2022.

Meanwhile, data from Markit Economics showed the S&P Global Canada Manufacturing PMI fell to 49 in May, slipping into the contractionary territory following the near stagnation of 50.2 in the previous month.

Sensex, Nifty Seen Flat To Lower At Open

Indian shares may drift lower on Monday as investors once again grapple with capricious headlines around Donald Trump's trade regime.

RTTNews | Pred 29 minútami

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the sharp losses in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,550 level, with weakness across all sectors led by index heavyweights and technology stocks.

RTTNews | Pred 1 h 23 min

Losses May Accelerate For Indonesia Stock Market

Ahead of the long holiday weekend for the Ascension, the Indonesia stock market had moved lower in two of three trading days since the end of the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. The Jakarta Composite Index now rests just above the 7,175-point plateau and it's likely to open to the downside again on Monday.

RTTNews | Pred 1 h 25 min

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday, extending the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,400.00 level, with weakness across most sectors led by in iron ore miners and technology stocks. Gold miners are the only bright spot.

RTTNews | Pred 1 h 40 min

Hong Kong Bourse May Extend Friday's Losses

The Hong Kong stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,290-point plateau and it's tipped to open lower again on Monday.

RTTNews | Pred 1 h 55 min