Canadian Market Modestly Higher At Noon; Docebo Soars On Strong Results

RTTNews | 549 dagar sedan

(RTTNews) - After a flat start and a subsequent fall to lower levels, the Canadian market has recovered and is modestly higher around noon on Friday, led by gains in technology, materials and financials sectors.

The benchmark S&P/TSX Composite Index is up 78.45 points or 0.37% at 21,396.53 at noon.

Technology stock Docebo Inc (DCBO.TO) is soaring 15.7% on strong results. The company reported fourth-quarter net income of $3.2 million, or $0.10 per share, compared to net income of $1.6 million, or $0.05 per share in the year-ago quarter.

Coveo Solutions (CVO.TO) is gaining 3.6%, while Alithya Corp (ALYA.TO), Lightspeed Commerce (LSPD.TO), Softchoice Corp (SFTC.TO), Kinaxis Inc (KXS.TO), Converge Technology Solutions (CTS.TO) and CGI Group Inc (GIB.A.TO) are up 1.5 to 2.3%.

Among materials shares, Hudbay Minerals (HBM.TO) is climbing nearly 7%. Lundin Gold Inc (LUG.TO) is gaining 3%. The company reported fourth quarter 2023 net income of $11.06 million, as against a net loss of $68.3 million in the year-ago quarter.

Ssr Mining Inc (SSRM.TO) is up 4.3%. Agnico Eagle Mines (AEM.TO), New Gold Inc (NGD.TO), Osisko Mining Inc (OSK.TO), Alamos Gold (AGI.TO) and MAG Silver Corp (MAG.TO) are up 2 to 3%.

In the financials sector, CI Financial Corp (CIX.TO) is surging more than 6%, and Nuvei Corp (NVEI.TO) is up 5.5%. EQB Inc (EQB.TO), Fairfax Financial Holdings (FFH.TO) and Sun Life Financial (SLF.TO) are up 1.7% and 1.2%, respectively.

Jamieson Wellness Inc (JWEL.TO) reported a 5.4% jump in adjusted net earnings at $15.0 million in the fourth quarter ended December 2023, as a result of higher revenue and gross profit.The stock is down 3.4%.

Onex Corporation (ONEX.TO) is down 3.5%. The company reported net earnings of $373 million, or $4.81 per diluted share, for the quarter ended December 2023, compared to net earnings of $435 million, or $5.32 per share, in the corresponding quarter of the previous year.

TransAlta Corp (TA.TO) is gaining 6.3%. The company reported net loss of $84 million in the fourth quarter of 2023, significantly down from a net loss of $163 million a year ago.

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 | 25 minuter sedan

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 | 52 minuter sedan

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 | 55 minuter sedan

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 | 1h 10minuter sedan

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 | 1h 12minuter sedan

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 | 1h 25minuter sedan

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 | 1h 55minuter sedan

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 | 2h 25minuter sedan

EURUSD	1.16451	GBPUSD	1.34752	AUDUSD	0.64831
USDJPY	147.435	USDCAD	1.3848	USDCHF	0.80417