Benchmark indices of TSX back in green, S&P/TSX Composite Surged 1.33%.

2 min read | March 01, 2021 05:22 PM EST | By Team Kalkine Media

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The key indices of the Canada rose on Monday, as the US bond yield eased from last week’s peak. The US$ 1.9-billion package by US legislature also helped North American stocks to recover.

The S&P/TSX Composite moved ~240 points or 1.33% to 18,299.62. The S&P/TSX 60 surpassed the broader index gain and traded 1.35% higher at 1,087.89. Midcap and smallcap stocks also strengthened with S&P/TSX MidCap moving up 1.24% to 1,129.97 and S&P SmallCap up 0.84% higher to 724.89, respectively.

All eight constituent sectors of the TSX settled in green, with major gains reported by Health Care sector that went up 2.78%. This was followed by Metals and Mining Sector and Industrials, which moved settled above 2% as well. Financials gained around 1.38%.

American Crude Oil benchmark WTI Crude extended losses, gave up approximately 1.40% to $60.64/bbl and the International oil benchmark Brent Oil declined 3.96% to $63.58/bbl, respectively.

Canada Bond Yield cooled down for the second straight day and settled at 1.344% against 1.357% on Friday.

S&P/TSX Composite Index 5-day Price Chart (as on March 01, 2021). Source: EODHD/Others (Thomson Reuters)

Top Gainers: CAE Inc (up 12.8%), WSP Global Inc (up 8.1%), and BlackBerry Ltd (up 7.1%), respectively.

Top Losers: Cargojet Inc (down 8.2%), First Majestic Silver Corp (down 7.2%), and Fortuna Silver Mines Inc (down 6%), respectively.

Volume Active: Suncor Energy Inc., Manulife Financial Corporation and ClearStream Energy Services Inc.

On Wall Street: US benchmark indices featured in green, with Dow Jones bagging 603 points or 1.95% to 31,535.51. The S&P 500 index surged 90.67 points or 2.38% to 3,901.82 and the Nasdaq Composite surged 396.48 points or 3.01% respectively.


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