Energy, Metals & Mining Sector Pull Up TSX

February 12, 2021 05:14 PM EST | By Team Kalkine Media
 Energy, Metals & Mining Sector Pull Up TSX

The largely tracked equity benchmark index of the Canadian Stock Exchange, S&P/TSX Composite Index, pared all the losses of the previous trading session and moved 0.37% or 67.22 points to 18,460.21 on Friday. The gain was largely driven by high-weighted Energy and Metals and Mining sector, which surged 2.2% and 1.31%, respectively. However, the gains were partially offset by weakness in the Utilities, Telecommunication and Healthcare sectors.

At the last traded level, the S&P/TSX Composite settled at a Price-to-Earnings ratio of 20.10x, and featured a dividend yield of 3.3%, respectively.

The leading momentum indicators, the 14-day and 9-day RSI, are hovering in neutral zone and tilted towards the overbought zone, implying a potential continuation of positive bias in the broader market.

Five-Day Price Chart (as on February 12th, 2021). Source: Refinitiv

Most Active: Supreme Cannabis Company Inc., SOPerior Fertilizer Corp. and SOPerior Fertilizer Corp.

Top Movers: Prairiesky Royalty Ltd (up 8.2%), Vermilion Energy Inc (up 5.9%), and Air Canada (up 5.3%).

Top Laggards: Aurora Cannabis Inc (down 13.7%), Agnico Eagle Mines Ltd (down 6.2%), and Colliers International Group Inc (down 5.3%).

 

On Wall Street: Three major indices on Wall Street – Dow Jones Industrial, Nasdaq Composite Index and S&P 500 -- settled in the green zone. They were up by 0.09%, 0.50% and 0.47%, respectively.

 

Commodity Cues*

 

Brent Oil moved 2.11% higher on Friday at $62.43/bbl and Crude WTI added 2.1% to settle at $60.37/bbl, respectively.

The safe-haven Gold Futures ended lower for the second straight day and declined 0.20% to $1,823.20/oz.

 

Bond and Forex*

 

Canada 10-Year Government Bond Yield move 3.4% to 1.034% and the United States 10-Year Treasury Bond Yield surged 3.87% to 1.210%, respectively.

Canadian Dollar strengthened against the US Dollars on Friday with currency pair USD/CAD declined 0.06% to 1.2694.

 

*Details as on Feb 12 after markets close


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