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.

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.

RTTNews | 1h 6minuter sedan

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.

RTTNews | 1h 54minuter sedan

U.S. Consumer Prices Inch Up Slightly Less Than Expected In May

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May.

RTTNews | 2h 7minuter sedan

FTSE 100 Up Slightly As Investors Await Further News On Trade, U.S. Inflation Data

U.K.'s benchmark index FTSE 100 is roughly flat a little over an hour past noon on Wednesday with investors making cautious moves, reacting to news about U.S.-China trade talks, and some corporate updates, while awaiting the crucial inflation data from the U.S.

RTTNews | 2h 28minuter sedan

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.

RTTNews | 3h 2minuter sedan

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.

RTTNews | 4h 9minuter sedan

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.

RTTNews | 4h 18minuter sedan

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.

RTTNews | 4h 19minuter sedan

EURUSD	1.14848	GBPUSD	1.3544	AUDUSD	0.6525
USDJPY	144.762	USDCAD	1.3664	USDCHF	0.81946

Advertisement

TSX Ends Sharply Lower