TSX spikes 1.8% as energy rebounds, loonie & bond market gain

Image Source: Pixabay.com

The TSX Composite Index spiked 1.78 per cent, 333.51 points, to 19,063.17, Thursday, July 7, with all major indices rallying. This puts the benchmark index in the green week-to-date by 1.1 per cent. 

The energy sector rebounded 4.5 per cent and the financial sector ended higher by 1.2 per cent. Base metals gained over five per cent. These three sectors account for over 61 per cent of the TSX Composite. 

Meanwhile, the prices of commodities saw a rebound too and the bond market was up. 

One-year price chart (July 7). Analysis by © 2022 Kalkine Media® 

Volume actives

Argonaut Gold Inc saw 16.7 million shares traded, making it the most active stock. It was followed by the Toronto-Dominion Bank that saw 8.9 million shares switch hands, and Crescent Point Energy Corp saw 8.8 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

AAV 

Advantage Energy Ltd 

13.4% 

CPG 

Crescent Point Energy Corp 

13.1% 

VET 

Vermilion Energy Inc 

12.6% 

NVA 

Nuvista Energy Ltd 

11.1% 

FM 

First Quantum Minerals Ltd 

10.8% 

Top-5 Laggards 

NGD 

New Gold Inc 

-2.8% 

PRMW 

Primo Water Corp 

-1.3% 

CCA 

Cogeco Communications Inc 

-1.2% 

RBA 

Ritchie Bros Auctioneers Inc 

-1.1% 

NVEI 

Nuvei Corp 

-0.9% 

Wall Street updates 

On Wall Street, the rally so far in July continued. The Dow spiked 346.87 points, 1.12 per cent, to 31,384.55 points, while the S&P 500 put on 57.54 points, 1.5 per cent, to 3,902.62 points. Nasdaq’s benchmark pushed higher by 259.5 points, 2.28 per cent, to 11,621.35. 

Commodities  

Gold was up 0.18 per cent to US$ 1,739.70. The price of Brent oil rose 3.93 per cent and was at US$ 104.65/bbl and that of crude oil was up 4.26 per cent to US$ 102.73/bbl. 



 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for p