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The benchmark index of the Toronto Stock Exchange, the S&P/TSX Composite Index, lost 118.31 points or 0.67% lower at 17,534.63. However, the S&P/TSX 60 VIX, which measures the implied volatility of index options, was unchanged at 11.27.
Despite a lower close, the index managed to trade above its near-term support levels of 5-day, 10-day and 20-day simple moving averages (SMAs). Also, the index is hovering in a bullish trend with price traded well above its crucial short-term as well as long-term support levels of 50-day and 200-day SMAs.
The moving average convergence divergence (MACD) is hovering above its 9-day SMA signal line, with the difference between short length 12-day Exponential Moving Average (EMA) and long-length 26-day EMA is positive.
At the close, S&P/TSX Composite featured a dividend yield of 3.35% and traded at a P/E multiple of 19.60x.
S&P/TSX Composite 5-day Price Chart (as on December 18, 2020); Source: EODHD/Others (Thomson Reuters)
Stocks in Play*
Top Gainers: Trillium Therapeutics Inc (4.7%), Ballard Power Systems Inc (up 4.2%), and Methanex Corp (up 3.8%).
Top Losers: BlackBerry Ltd (down 15.8%), Enghouse Systems Ltd (down 8.9%), and OceanaGold Corp (down 5.9%)
On Wall Street: Stocks on the Wall Street traded lower with the Dow Jones closed 0.41% lower at 30,179.05, the S&P 500 index settled 0.35% lower at 3,709.41 and the Nasdaq Composite index closed slightly lower by 0.07% to 12,755.64.
Commodity News*
Gold Futures was down 0.25% or 4.45 points to US$ 1885.98/bbl.
WTI Crude Futures traded 1.53% higher at USD 49.10/bbl and Brent Crude Oil Futures traded 1.49% higher at US$ 52.26/bbl.
Canadian Dollar weakened against the US counterpart; CAD/USD pair traded 0.51% lower at 0.7820.
*All details on December 18, 2020, after markets close.
