Base Metals And Utilities Stocks Pull Down TSX Index

2 min read | August 25, 2020 11:11 PM EDT | By Team Kalkine Media

On TSX: The broader benchmark index of the Toronto Stock Exchange, TSX Composite Index, ended the Tuesday’s session slightly lower at 16.617.48, down 9.16 points or 0.06%. Base metals and utilities stocks suffered on the broader exchange. S&P/TSX Global Base Metals Index and S&P/TSX Capped Utilities Index declined 1.09% and 0.61%, respectively.

The TSX Composite Index traded above crucial short-term and long-term moving averages of 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day simple moving averages. This reflects an uptrend in the market. Also, the leading momentum indicator, the 14-day Relative Strength Index, hovered in neutral zone with tilt towards bullish zone.

The TSX Venture Composite Index traded 9.49 points or 1.31% lower at 730.31 on Tuesday.

5-day Price Chart of TSX Composite Index (as on August 25th, 2020, after the market close). Source: EODHD/Others (Thomson Reuters)

52-Week H/L: Andlauer Healthcare Group Inc Subordinate Voting Shares and Dorel Industries Inc. Class A are among the stocks tested 52-week high during on Tuesday trading session. On the other side, Bombardier Inc. Class A Multiple Voting Shares touched a new 52-week low.

On Wall Street: Technology benchmark index Nasdaq Composite registered a new all-time high for the seventh consecutive day, ending at 11,466.47. The S&P 500 Index also tested a new all-time high for the third straight day and settled 0.36% higher to 3,443.62. The Dow Jones Industrial Average slumped 60.02 points or 0.21% to 28,248.44, respectively.

TSX Cues

Volume Leader: Northern Dynasty Minerals Ltd., Nevada Copper CorpManulife Financial Corporation and Canadian Natural Resources Limited

Stock News:

Top Movers: Prairie Provident Resources Inc. (up 33.3%), Postmedia Network Canada Corp. (up 25%) and Canlan Ice Sports Corp. (up 16.82%).

Bottom Movers: Northern Dynasty Minerals Ltd. (down 35.29%), Horizonte Minerals Plc. (down 20%) NextSource Materials Inc. (down 12.5%), St. Augustine Gold and Copper Limited (down 12.50).

Commodity Cues

Gold*: Gold futures lost 0.47% to trade at US$ 1,930.15/oz.

Crude Oil*: WTI Crude Oil futures traded flat at US$ 42.62/bbl and Brent Oil Futures surged 1.53% to US$ 45.83/bbl.

Forex*: Dollar Index down 0.20% to 93.09. CAD/USD down 0.31% to 0.7588.

*As on August 25, 2020 (after markets close).


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