Canadian Stocks Turning In Mixed Performance

RTTNews | 836天前

(RTTNews) - The Canadian market is down in negative territory Friday afternoon, weighed down by losses in technology and financials sectors.

Shares from utilities and industrials are finding some support. Shares from the rest of the sectors are turning in a mixed performance.

The benchmark S&P/TSX Composite Index, which climbed to 20,492.07 earlier in the session, is down 44.16 points or 0.22% at 20,373.45.

Technology stock Converge Technology Solutions (CTS.TO) is down more than 8%. Coveo Solutions (CVO.TO), Constellation Software (CSU.TO), Shopify Inc (SHOP.TO) and BlackBerry (BB.TO) are down 2 to 3%.

Softchoice Corp (SFTC.TO) is down by about 2.8%. The company reported adjusted net income of $7.1 million in the first quarter of 2023, compared with $4.6 million in the first quarter of 2022.

In the financials sector, CI Financial Corp (CIX.TO) is plunging nearly 19%. Manulife Financial (MFC.TO) is declining 2%. Onex Corp (ONEX.TO) is down 3% after reporting net loss of $232 million for the quarter ended March 2023, compared with net income of $164 million in the year-ago quarter.

Crescent Point Energy Corp. (CPG.TO) is down marginally. The company reported Friday that net income for the first quarter plunged to C$216.7 million or C$0.39 per share from C$1.18 billion or C$2.03 per share in the prior-year quarter.

Shawcor (SCL.TO) is up 10%. The company reported net income of $25.23 million for the first quarter of 2023, compared with net loss of $6.9 million in the year-ago quarter.

Park Lawn Corporation (PLC.TO) is up 9.5%, after reporting net earnings of $4.58 million for the first quarter of 2023, compared to $8.7 million.

Emera Inc. (EMA.TO) is gaining 1.3%. The company reported first quarter net income of $560 million, up $198 million, compared with net income of $362 million in the first quarter of 2022.

Stelco Holdings (STLC.TO), Brookfield Infrastructure Corporation (BIPC.TO), Canadian Pacific Kansas City (CP.TO), Teck Resources (TECK.A.TO), Franco-Nevada Corporation (FNV.TO), Toromont Industries (TIH.TO) and TFI International (TFII.TO) are up 1 to 3%.

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 | 36分钟前

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 | 1小时5分钟前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely 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.

RTTNews | 1小时36分钟前

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1小时51分钟前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | 2小时6分钟前

EURUSD	1.16479	GBPUSD	1.34793	AUDUSD	0.64899
USDJPY	147.192	USDCAD	1.3846	USDCHF	0.80363

Canadian Stocks Turning In Mixed Performance

Taiwan Bourse May Hand Back Monday's Gains

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower