TSX Snaps 4-day Losing Streak, Ends On Firm Note

RTTNews | Pred 1201 dňami
TSX Snaps 4-day Losing Streak, Ends On Firm Note

(RTTNews) - The Canadian market ended on a firm note on Friday despite giving up a substantial portion of its gains.

Despite giving up a substantial portion of its gains, the Canadian market ended on a firm note on Friday, thanks to sustained buying in energy and materials shares.

The benchmark S&P/TSX Composite Index, which climbed to 19,478.27, ended the session with a gain of 128.13 points or 0.67% at 19,270.85.

The Materials Capped Index surged 2.55%. Eldorado Gold (ELD.TO), New Gold (NGD.TO), B2Gold Corp (BTO.TO), Wesdome Gold Mines (WDO.TO), Kinross Gold (K.TO), Novagold (NG.TO) and Seabridge Gold (SEA.TO) gained 5 to 6.2%.

Barrick Gold Corp. (ABX.TO) gained about 2.3%. The company said that it agreed to sell a portfolio of royalties to Maverix Metals Inc. for total consideration of up to US$60 million.

The Energy Capped Index climbed 2.1%. Vermilion Energy (VET.TO), Enerplus Corp (ERF.TO), Cenovus Energy (CVE.TO), Crescent Point Energy (CPG.TO), Freehold Royalties (FRU.TO) and Imperial Oil (IMO.TO) gained 2.5 to 3.4%.

Sun Life Financial Inc (SLF.TO) announced that it plans to acquire a 51% interest in Advisors Asset Management, Inc. or AAM for US$214 million subject to customary adjustments with a put/call option to acquire the remaining 49% starting in 2028. The stock gained nearly 0.5%.

On the economic front, labor productivity for Canadian businesses rose 0.2% in the second quarter, after falling 0.5% in the previous quarter, data from Statistics Canada showed. This was the first increase in productivity since the second quarter of 2020.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extends the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 falling below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in mining and technology stocks.
RTTNews | Pred 1 h 36 min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets trade mixed on Wednesday, following the mixed cues from Wall Street overnight, after the release of sluggish US jobs data failed to boost expectations for further interest rate cuts by the US Fed. Data showed stronger than expected job growth in November, but the increase followed a notable loss of jobs in October. Asian markets closed mostly lower on Tuesday.
RTTNews | Pred 1 h 42 min
Thai Stock Market May Extend Tuesday's Losses

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market on Tuesday ended the two-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it may take further damage on Wednesday.
RTTNews | Pred 3 h 3 min
Indonesia Shares Expected To Remain Rangebound

Indonesia Shares Expected To Remain Rangebound

The Indonesia stock market has alternated between positive and negative finishes through the last 10 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,690-point plateau although it's likely to hand back those gains on Wednesday.
RTTNews | Pred 3 h 33 min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 49,300 level, with weakness in exporters and a mixed performance across most other sectors.
RTTNews | Pred 3 h 45 min
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 740 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 25,230-point plateau although it may tick higher on Wednesday.
RTTNews | Pred 3 h 48 min