Kalkine : TSX index down by 1.62% amid weak market sentiments, loonie dips

Image Source: © Sbotas | Megapixl.com

The S&P/TSX Composite Index posted a triple-digit loss on Tuesday, August 31, as it lost 323.22 points or 1.62 per cent to close at 19,512.9 points, as weak market sentiments affected the broader market.

All the sectors in Canada ended the session in the red, mainly led by the base metals sector, which dipped by 4.34 per cent. The energy sector also decreased by 3.8 per cent, followed by the healthcare sector, which was down by 2.36 per cent.


One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 30). Analysis by © 2022 Kalkine Media®).

Volume Active

Suncor Energy (TSX: SU) held first place in the top volume active lists after seeing 32.45 million SU shares exchanging hands on August 30. With a trading volume of 8.43 million, Enbridge (TSX: ENB) was the second most actively traded stock. The mid-cap oil producer Crescent Point Energy (TSX: CPG) was at the third position, with 6.22 million CPG shares switching hands.

Wall Street update

The NASDAQ Composite Index dropped by 134.53 points, or 1.11 per cent, to 11,883.14 on Tuesday, August 30. The NYSE Composite Index also lowered to 14,931.42, noting a decrease of 187.42 points or 1.24 per cent. Meanwhile, the Dow Industrials index lost 308.12 points or 0.96 per cent, and the S&P 500 moved down by 44.45 points or 1.1 per cent.

Commodities

On August 30, gold closed at US$ 1,749.8 per troy ounce, marking a decline of 13.4 points or 0.77 per cent. The Crude WTI Futures slipped by 5.54 per cent to US$ 91.64 per barrel. Whereas the Brent Oil Futures for November 2022 plunged by 4.95 per cent to US$ 97.84 per barrel.

Currency news

The CAD/USD slipped by 0.65 per cent to stand at 0.76, while the CAD/EUR was at 0.76, marking a decline of 0.82 per cent. Meanwhile, the US Dollar Index Futures was at 108.79 on August 30.

Bond Market

Canada's 10-Year Bond Yield stood at 3.07 on Tuesday, August 30, reflecting a drop of -0.32 per cent. The 10-Year Bond Yield in the US moved to 3.11, down by 0.06 per cent.


 


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