Technology Stocks Shine As TSX Rises For 2nd Straight Day

RTTNews | 833天前

(RTTNews) - The Canadian market ended on a strong note on Monday, led by gains in technology and healthcare sectors.

Stocks from real estate, consumer discretionary and energy sections too posted impressive gains.

The mood in the market was fairly positive amid rising expectations the central banks, including the Federal Reserve and the Bank of Canada will slow the pace of interest rate hikes thanks to the drop in consumer prices.

The benchmark S&P/TSX Composite Index ended with a gain of 128.37 points or 0.63% at 20,631.58.

The Information Technology Capped Index surged 2.94%. Shopify Inc (SHOP.TO), up 8.77%, was the biggest gainer in the sector. Nuvei Corp (NVEI.TO), Lightspeed Commerce (LSPD.TO) and Quarterhill (QTRH.TO) gained 6.6%, 6.4% and 5.3%, respectively. Hut 8 Mining (HUT.TO), BlackBerry (BB.TO), Coveo Solutions (CVO.TO), Absolute Software (ABST.TO) and Open Text Corp (OTEX.TO) were among the other major gainers.

In the healthcare sector, Canopy Growth Corp (WEED.TO) gained nearly 7%. Tilray Inc (TLRY.TO) surged about 5%, while Cronos Group (CRON.TO) climbed 1.8%.

Canadian Tire Corporation (CTC.TO), Cargojet (CJT.TO), Colliers International (CIGI.TO), Goeasy (GSY.TO), Magna International (MG.TO) and Ritchie Bros. Auctioneers (RBA.TO) were among the prominent gainers from other sectors.

Tourmaline Oil Corp (TOU.TO), Rogers Communications (RCI.A.TO), Kinaxis Inc (KXS.TO), Gildan Activewear (GIL.TO) and Precision Drilling Corporation (PD.TO) were among the notable losers in the session.

Data from Statistics Canada showed new home prices in Canada stalled from the prior month in December of 2022, holding the 0.2% decline in the previous month and compared to expectations of a 0.2% decline.

Canadian new housing prices rose by 3.9% year-on-year, the least since October of 2020, and slowing from the 4.1% rise in the previous month.

Sensex, Nifty Marginally Lower In Early Trade

Indian shares struggled for direction on Tuesday as tensions between India and Pakistan simmered and media reports suggested that India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the U.S.

RTTNews | 30分钟前

Australian Market Slightly Higher In Mid-market After Early Losses

The Australian stock market is slightly higher in mid-market trading on Tuesday after early losses, reversing some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with strong gains in gold miners nearly offset by weakness in iron ore miners, financial and some technology stocks.

RTTNews | 46分钟前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, amid easing global trade concerns after US Treasury Secretary Scott Bessent said 17 trading partners, excluding China, have presented very good trade proposals and some deals may be announced as early as this week. He added there could be substantial progress on trade with China.

RTTNews | 1小时30分钟前

Sensex, Nifty Seen Opening Flat On Muted Asian Cues

Indian shares are seen opening on a flat note Tuesday as investors weigh border tensions against easing global trade concerns.

RTTNews | 1小时50分钟前

Thai Stock Market Due For Consolidation On Tuesday

Ahead of Monday's holiday for Coronation Day, the Thai stock market had moved higher in five straight sessions, gathering more than 50 points or 4.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau although it's expected to open in the red on Tuesday.

RTTNews | 2小时31分钟前

Indonesia Shares Due For Profit Taking On Tuesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 225 points or 3.6 percent along the way. The Jakarta Composite Index now rests just above the 6,830-point plateau although investors may lock in gains on Tuesday.

RTTNews | 3小时1分钟前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower 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 staying below the 8,200 level, with weakness in iron ore miners, financial and some technology stocks partially offset by strong gains in gold miners.

RTTNews | 3小时16分钟前

Hong Kong Bourse May Spin Its Wheels On Tuesday

Ahead of Monday's holiday for the buddha's birthday, the Hong Kong stock market had finished higher in three straight sessions, collecting almost 550 points or 2.4 percent along the way. The Hang Seng Index now sits just above the 22,500-point plateau although the rally may stall on Tuesday.

RTTNews | 3小时31分钟前

EURUSD	1.13172	GBPUSD	1.32987	AUDUSD	0.64603
USDJPY	143.764	USDCAD	1.38204	USDCHF	0.82288

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Technology Stocks Shine As TSX Rises For 2nd Straight Day