TSX Ends Sharply Lower

RTTNews | 824 dagar sedan

(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.

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.

RTTNews | 22 minuter sedan

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.

RTTNews | 47 minuter sedan

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.

RTTNews | 1h 16minuter sedan

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.

RTTNews | 1h 47minuter sedan

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.

RTTNews | 2h 13minuter sedan

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.

RTTNews | 2h 17minuter sedan

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three 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 24,160-point plateau and it's likely to remain rangebound on Wednesday.

RTTNews | 2h 32minuter sedan

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.

RTTNews | 2h 36minuter sedan

EURUSD	1.14158	GBPUSD	1.34819	AUDUSD	0.65124
USDJPY	144.983	USDCAD	1.36803	USDCHF	0.82264

Advertisement

TSX Ends Sharply Lower