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The S&P/TSX Composite Index closed 116 points or 0.74% higher at 15,696.87 on Monday, paring all losses of the previous trading session. However, the index is still hovering in a bearish territory. At the closing bell, it traded below its crucial long-term as well as short-term support levels of 200-day, 100-day, 50-day, 30-day, 20-day, 10-day and 5-day simple moving averages (SMAs).
The Moving Average Convergence Divergence (MACD) is hovering below its 9-day SMA signal line, with the difference between 12-day and 26-day EMAs being negative, another negative technical indicator.
Technical Price Chart (as on November 02, 2020, after the market close); Source: EODHD/Others (Thomson Reuters)
At the closing, TSX Composite featured a dividend yield of 3.72% and traded at a Price-to-Earnings (PE) multiple of 18.82x.
Stocks in Play*
Top Gainers on TSX Composite Index: Aurora Cannabis Inc (up 16.2%), Cronos Group Inc (up 12.2%), and Aphria Inc (up 11%).
Top Losers on TSX Composite Index: Lightspeed POS Inc (down 3%), Aritzia Inc (down 2.4%), and CGI Inc (down 2.2%).
Volume Leaders: Enbridge Inc., Monarch Gold Corporation and Suncor Energy Inc.
5-day Price Chart (as on November 02, 2020, after the market close); Source: EODHD/Others (Thomson Reuters)
On Wall Street: Global benchmark indices of the United States traded in green on Monday. The Dow Jones Industrials gained 423 points or 1.60% to 26,925.05, the S&P 500 index bagged 40.28 points or 1.23% to 3,310.24 and the Nasdaq Composite Index traded 46 points or 0.42% higher at 10,957.61.
Commodity News*
Gold January Futures settled 0.83% higher against the previous close at US$ 1,892.50/oz.
International Crude Oil Benchmark surged 7.7% to US$ 38.97/bbl and American Oil benchmark WTI Crude Oil jumped 8.26% to US$ 36.81/bbl, respectively.
USD/CAD ended at 1.3221 vs 1.3369 a day before, down 1.11%.
