Canadian Indices Trade in Green, First Quantum & Ero Copper Top Movers

2 min read | February 20, 2021 09:35 AM AEDT | By Team Kalkine Media

The broader indices of the Candian Stock Market moved up on Friday, with the S&P/TSX Composite Index adding 110.20 points or 0.6% to 18,384.27after two straight days of losses. Other broader indices like S&P/TSX 60, S&P/TSX Midcap and S&P/TSX SmallCap also traded in green, and added 0.57%, 0.74% and 1.70%, respectvely.

The S&P/TSX Venture Index suged 2.47% on Friday.

Top Movers: First Quantum Minerals Ltd (up 11%), Ero Copper Corp (up 10.2%), Magna International Inc (up 9.8%), respectively.

Top Laggards: Ritchie Bros. Auctioneers Inc (down 7.4%), OceanaGold Corp (down 7.3%), and Alamos Gold Inc (down 3.6%), respectively.

Volume Active: Alamos Gold Inc, Manulife Financial Corporation and Enbridge Inc

5-day Price Chart (as on February 19th, 2021). Source: EODHD/Others (Thomson Reuters)

On Wall Street: US stocks traded in mix, with the S&P 500 settled 0.19% lower to 3,906.71. Tech-dominated Nasdaq Composite Index moved slightly higher by 0.7% to 13,874.46 and the Dow Jones Industrial traded flat at 31,494.32, respectively.

 

Commodity Cues*

 

Energy prices cooled down for the second straight day, with Brent Oil traded 1.60% lower on Friday at US$62.91/bbl, and the Crude WTI traded 2.12% lower at US$59.24/bbl.

Gold Futures up for the second straight day, up 0.14% to 1,777.40/oz.

 

Money Market Update*

 

Yields on the US 10-Year Treasury Bond surged 3.27% to 1.34% and Canadian 10-Year Government Bond Yield nudged 5.6% to 1.213% respectively.

 

Forex*

 

Canadian Dollar gained ground against the US greenback for the second consecutive day, up 0.53% on Friday to 0.7928.

 

*Details as on Friday, February 29, after markets close


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