TSX Ends Sharply Lower

RTTNews | 825 dagar sedan
TSX Ends Sharply Lower

(RTTNews) - The Canadian market ended sharply lower on Thursday on widespread selling amid rising concerns about U.S. interest rates.

Mirroring all-round selling, all the sectoral indices closed in negative territory. Healthcare, communications, financials and materials shares declined sharply.

Several stocks from consumer and industrials sectors too posted sharp losses.

The benchmark S&P/TSX Composite Index ended with a loss of 259.81 points or 1.28% at 20,086.72, slightly above the day's low of 20,063.92. After opening marginally up, the index advanced to 20,441.02 in early trades, before drifting lower.

Hut 8 Mining Corp (HUT.TO) dropped nearly 14% on huge volumes. Among the other stocks that went down on large volumes, Lunding Mining Corporation (LUN.TO) ended nearly 7%, Canadian Imperial Bank of Commerce (CM.TO) ended 4.2% down, Baytex Energy (BTE.TO) lost 3.7%, and Teck Resources (TECK.B.TO) lost 3.1%.

Manulife Financial Corporation (MFC.TO), TC Energy Corporation (TC.TO), Bank of Nova Scotia (BNS.TO), Toronto-Dominion Bank (TD.TO), Shopify Inc (SHOP.TO) and Royal Bank of Canada (RY.TO) lost 1 to 2.3%.

Maple Leaf Foods Inc (MFI.TO) shares tanked 14% on weak results. The company reported fourth-quarter net loss of $41.5 million, or $0.34 per share, compare with net income of $1.9 million, of $0.02 per share in the year-ago quarter.

Shawcor (SCL.TO) plunged 19.9%. Linamar Corporation (LNR.TO) ended 13.7% down, First Quantum Minerals (FM.TO) lost about 8.4%, Premium Brands Holding Corporation (PBH.TO) drifted down more than 5%, and Canadian Imperial Bank of Commerce (CM.TO) lost 4.1%.

Endeavour Mining Inc (EDV.TO) ended 3.4% down after the company reported net loss of $256 million of $1.04 per share for the quarter ended December 31, 2022, compared with net loss of $87 million or $0.35 per share in the year-ago quarter.

Magnet Forensics (MAGT.TO) reported net income of $4.2 million for the fourth quarter of 2022, up from $0.8 million in the corresponding quarter of the previous year. The stock ended modestly higher.

Docebo Inc (DCBO.TO) gained nearly 3%. The company posted adjusted net income of $3.4 million in the fourth quarter of 2022, compared with adjusted net loss of $0.5 million in the fourth quarter of the previous year.

read more
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 14 minuter sedan
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 36 minuter sedan
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 44 minuter sedan
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 56 minuter sedan
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 59 minuter sedan
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 1h 44minuter sedan
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 2h 14minuter sedan
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 2h 44minuter sedan