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The benchmark indices of the Toronto Stock Exchange inched higher on Tuesday, with the main S&P/TSX Composite index adding approximately 180 points or 1.05% to 17,274.25. Large-cap, mid-cap and small-cap stocks indices surged up. The benchmark S&P/TSX MidCap gauge increased 0.80% to 1,042.01 and the S&P/TSX SmallCap index gained 1.87% to 613.82 respectively.
However, leading index of the Toronto Stock Exchange Venture, S&P/TSX Venture Index, declined by 1.18% to 734.95.
From the technical standpoint, the TSX composite index is still hovering in a bullish territory, trading well above all its crucial long-term, short-term and immediate support levels. At the close, the index was offering a dividend yield of 3.36% and traded at a price-to-earnings multiple of 19.63x, respectively.
S&P/TSX Composite 5-day Price Chart (as on November 24, 2020, after the market close); Source: EODHD/Others (Thomson Reuter)
Sector Summary*
Gainers: Healthcare (up 5.09%), Academic & Educational Services (up 4.75%), and Energy (up 3.57%), respectively.
Losers: Basic Materials (down 0.70%), Consumer Non-Cyclicals (down 0.37%), and Technology (down 0.22%), respectively.
Sector Summary: Source: EODHD/Others, Thomson Reuters
Stocks in Play*
Top Gainers: Aurora Cannabis Inc (up 27.7%), Crescent Point Energy Corp (up 10.1%), and Whitecap Resources Inc (up 9.0%).
Top Laggards: Silvercorp Metals Inc (down -12.5%), Ballard Power Systems Inc (down -7.8%), and Alamos Gold Inc (down -5.9%).
Volume Leaders: Aurora Cannabis Inc., Suncor Energy Inc. and Air Canada.
On Wall Street: Stocks in the United States traded in green with the Dow Jones surging 455 points or 1.54% to 30,046.24, the S&P 500 up 58 points or 1.62% to 3,635.41 and the Nasdaq Composite adding 156 points or 1.31% to 12,036.79.
Commodities*
Oil prices soared higher for the fourth consecutive day, with international benchmark Brent Oil traded 3.91% to US$47.86/bbl, and the Crude WTI traded 4.30% higher to US$44.91/bbl respectively. Oil prices are recovering on gradual recovery in the global economy and lifting travel restrictions as well.
Safe-haven gold futures continued to decline for the third straight day and traded 1.81% lower at 1,804.60/oz respectively.
Canadian Dollar continued to gain strength against greenback for the second straight day, with USD/CAD traded 0.63% lower at 1.2994. US Dollar index declined 0.30% to 92.22.
* Details as on November 24, 2020, after markets close
