TSX Climbs To New Record High; Materials Stocks Rally

RTTNews | 4 gün önce

(RTTNews) - The Canadian market climbed to a new record high on Thursday, as firm metal prices triggered strong buying in the materials sector, offsetting losses in technology stocks which reeled under pressure on valuation concerns.

Investors also continued to digest Wednesday's rate decisions by the Bank of Canada and the Federal Reserve.

The benchmark S&P/TSX Composite Index was up 168.50 points or 0.53% at 31,659.35 a few minutes past noon.

The Materials Capped Index climbed 3.2%. Perpetua Resources Corp., the biggest gainer in the sector, soared more than 12%. New Gold Inc. gained nearly 7%, while First Majestic Silver Corp, Endeavour Silver Corp, Skeen Resources, Ssr Mining, Eldorado Gold, G Mining Ventures and Nutrien surged 4.5 to 6%.

Agnico Eagle Mines, Wheaton Precious Metals, Iamgold Corp, Alamos Gold, Aya Gold & Silver, Barrick Mining Corp., and Equinox Gold Corp were among the several other major gainers.

Bausch Health Companies, Gildan Activewear, North West Company, FirstService, Interfor, Brookfield Business Partners, Quebecor and Bank of Montreal also moved higher.

Dollarama Inc gained nearly 1%. The company reported a 16.6% increase in third-quarter net earnings at $321.7 million, compared to a year ago. Diluted net earnings surged 19.4% to $1.17 from 0.98% in the year-ago quarter.

The Information Technology Index dropped more than 2%, hurt by valuation concerns, and a profit warning from Oracle and a rating down grade of the stock by analysts. Shopify, Dye & Durham, Celestica, Constellation Software, Docebo, Lightspeed Commerce, Descartes Systems and Kinaxis lost 1 to 3%.

Empire Company shares tanked 9% after the company reported lower earnings in the second quarter. Empire said it posted a profit of C$159 million or C$0.69 per share in the second-quarter, compared to C$173 million or C$0.73 per share last year.

Premium Brands International, Aecon, Telus, Cenovus Energy, Parex Resources, TransAlta, Ballard Power Systems and Canada Natural Resources were among the other notable losers.

Data from Statistics Canada showed Canada posted a trade surplus of C$0.15 billion in September, up from a C$6.3 billion deficit the month before and well above expectations for a C$4.5 billion deficit.

Exports rose 6.3% month on month to C$64.231 billion, the largest monthly increase since February 2024. Meanwhile imports fell 4.1% to C$64.078 billion.

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness in energy and technology stocks as well as a mixed performance in most other sectors.

RTTNews | 1s 52 dakika önce

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with continued weakness in energy stocks as well as technology stocks on uncertainty remains about AI spending and the possibility of a tech bubble. Traders were also reluctant to make significant moves ahead of the release of some key U.S. economic data in the coming days.

RTTNews | 2s 32 dakika önce

Indian Shares Seen Opening Lower As Investors Await Key US Data

Indian shares are seen opening lower on Tuesday, tracking weak cues from global markets in the run-up to the release of key U.S. economic data that could offer clarity on the economic and rate outlook.

RTTNews | 2s 41 dakika önce

Thai Stock Market May See Profit Taking On Tuesday

The Thai stock market has finished higher in two straight sessions, advancing almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau although it's likely to spin its wheels on Tuesday.

RTTNews | 3s 19 dakika önce

Indonesia Shares May Open Under Water On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last nine 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 8,650-point plateau and it's looking at another soft start on Tuesday.

RTTNews | 3s 49 dakika önce

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had tumbled more than 640 points or 2.6 percent. The Hang Seng Index now sits just beneath the 25,630-point plateau and it's expected to open under pressure again on Tuesday.

RTTNews | 4s 4 dakika önce

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 49,800 level, with weakness across most sectors led by index heavyweights and exporter stocks.

RTTNews | 4s 6 dakika önce

China Stock Market Tipped To Open In The Red On Tuesday

The China stock market headed south again on Monday, one session after ending the three-day losing streak in which it had slipped more than 50 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau and it may extend its losses on Tuesday.

RTTNews | 4s 19 dakika önce

EURUSD	1.17508	GBPUSD	1.33658	AUDUSD	0.66374
USDJPY	154.887	USDCAD	1.37691	USDCHF	0.79596