TSX Ends On Firm Note

RTTNews | Pred 893 dňami

(RTTNews) - The Canadian market ended on a firm note on Thursday as investors picked up stocks, reacting to some positive news such as a few big banks reportedly in discussion to rescue First Republic Bank, and Swiss lender Credit Suisse securing a lifeline from the Swiss National Bank.

Shares from healthcare, industrials, technology, utilities and consumer discretionary sectors posted strong gains. A few stocks from financials and energy sections too ended notably higher.

The benchmark S&P/TSX Composite Index ended with a gain of 160.17 points or 0.83% at 19,539.01, recovering from an early low of 19,155.77.

Canadian Pacific Railway (CP.TO), Canadian National Railway (CNR.TO) and Shopify Inc (SHOP.TO) gained 2.3 to 3% on strong volumes.

National Bank of Canada (NA.TO), Canadian Imperial Bank of Commerce (CM.TO), Power Corporation of Canada (POW.TO) and Bank of Montreal (BMO.TO) gained 1 to 1.3%.

Tilray Inc (TLRY.TO) soared nearly 10%. Aurora Cannabis (ACB.TO) surged 7.3%. Cronos Group (CRON.TO) climbed nearly 6%.

Bombardier Inc (BBD.B.TO, Aritzia Inc (ATZ.TO), Interfor Corp (IFP.TO), Transcontinental (TCLA.TO) and Chorus Aviation (CHR.TO) gained 4.5 to 7%.

Premium Brands Holdings Corporation (PBH.TO) ended 1.4% down. The company reported fourth-quarter adjusted earnings of $52.9 million, compared with $52.2 million a year earlier.

Fortuna Silver Mines (FVI.TO), Wesdome Gold Mines (WDO.TO), Oceanagold (OGC.TO), New Gold (NGD.TO), Silvercorp Metals (SVM.TO), Empire Company (EMP.A.TO) and Silvercrest Metals (SIL.TO) declined sharply.

On the economic front, data from Statistics Canada showed wholesale sales in Canada rose by 2.4% month-over-month to C$ 84.2 billion in January of 2023, following a downwardly revised 0.7% drop in December.

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 | Pred 25 minútami

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 | Pred 56 minútami

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 | Pred 1 h 11 min

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 | Pred 1 h 26 min