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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®
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.
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% |
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.
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.
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