TSX Ends Notably Lower

RTTNews | 837天前

(RTTNews) - The Canadian market ended notably lower on Thursday, weighed down by losses in real estate, communications, materials and utilities sectors.

Several stocks from energy, technology, consumer discretionary and industrials sectors fell as well, a few stocks from the healthcare sectors posted strong gains.

Weak bullion prices hurt materials shares. Investors were also reacting to quarterly earnings updates. The market also digested the European Central Bank's monetary policy.

The ECB raised its lending rate by 25 basis points today, and signaled a pause in rate hikes as soon as September.

The benchmark S&P/TSX Composite Index ended lower by 176.17 points or 0.86% at 20,385.47.

Among the stocks in the real estate sector, Colliers International (CIGI.TO) dropped 6.65%. CDN Apartment (CAR.UN.TO) drifted down 2.8% and Granite Real Estate Investment Trust (GRT.UN.TO) ended lower by 1.8%.

FirstService Corp (FSV.TO) ended down 0.41% despite reporting adjusted EPS of $1.46 for the second quarter, up from C$1.12 per share in the year-ago quarter.

In the communications section, Rogers Communications (RCI.B.TO) ended 5.5% down. Quebecor (QBR.B.TO), Telus Corp (T.TO) and BCE Inc (BCE.TO) lost 0.7 to 0.9%.

Atco Ltd. (ACO.X.TO), down 2.4%, was the biggest loser in the Utilities index. Atco posted adjusted net earnings of $87 million ( $0.77 per share) in the second quarter, $5 million ($0.04 per share) lower compared to $92 million ($0.81 per share) in the second quarter of 2022.

Among materials shares, Endeavour Silver Corp (EDR.TO) tumbled 8.8%. Silvercrest Metals (SIL.TO), MAG Silver Corp (MAG.TO), First Majestic Silver (FR.TO), Iamgold Corp (IMG.TO), Eldorado Gold (ELD.TO) and Seabridge (SEA.TO) ended lower by 6 to 7.6%.

Energy stocks Crescent Point Energy (CPG.TO), Athabasca Oil Corp (ATH.TO), Tamarack Valley Energy (TVE.TO), Secure Energy (SES.TO) and Vermilion Energy (VET.TO) lost 2 to 5%.

Among the gainers, Tilray (TLRY.TO) soared 10.6%. Celestica Inc (CLS.TO) and Precision Drilling Corporation (PD.TO) climbed 9.3% and 7%, respectively.

Ag Growth International (AFN.TO) ended stronger by 2.7% and Fairfax Financial Holdings (FFH.TO) gained 1.8%.

On the economic front, a report from the Canadian Federation of Independent Business said Canada's CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July.

Data from Statistics Canada showed average weekly earnings of non-farm payroll employees in Canada rose to 3.6% year-on-year to $1,201 in May 2023, after a 2.9% increase in the prior month. It was the highest increase in earnings since November last year.

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 1小时2分钟前

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | 1小时17分钟前

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | 1小时47分钟前

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | 5小时30分钟前

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | 5小时56分钟前

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | 6小时57分钟前

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | 10小时37分钟前

Dollar Declines Amidst Uncertain Fed Policy Outlook

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

RTTNews | 11小时21分钟前

EURUSD	1.15597	GBPUSD	1.31766	AUDUSD	0.65351
USDJPY	154.08	USDCAD	1.40204	USDCHF	0.80493