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S&P/TSX Composite Index, the main index of the Toronto Stock Exchange, rose by approximately 93 points or 0.56% at 16,675.64, driven by solid strength in the Healthcare stocks, followed by Academic and Education Services, Consumer Cyclicals and Real Estate.
The index is hovering in a bullish zone and trading above all its support levels of 200-day, 100-day, 50-day, 30-day, 20-day, 10-day and 5-day simple moving averages (SMAs). The 14-day and nine-day Relative Price Strength (RSI) is hovering in neutral zone and mostly tilted towards the overbought zone.
The Moving Average Convergence Divergence (MACD) is rising, with the difference between 12-day and 26-day EMAs is positive, another positive technical indicator.
Friday’s top gainers include Trillium Therapeutics Inc (up 10.3%), Intertape Polymer Group Inc (up 6.54%), Celestica Inc (up 5.80%). The top losers are Altus Group Ltd (Ontario) (down 10.35%), Inter Pipeline Ltd (down 3.55%), and Fortuna Silver Mines Inc (down 3.41%). Volume leaders are Manulife Financial Corporation, Enbridge Inc., and Suncor Energy Inc.
S&P/TSX Composite Index featured a dividend yield of 3.51% and traded at a Price-to-Earnings (PE) multiple of 19.20x at the close.
TSX Composite Index Five-Day Price Chart (as on November 13, 2020)/ Source: EODHD/Others (Thomson Reuters)
The leading index of the Toronto Venture Exchange, the S&P/TSX Venture index, settled 0.71% higher at 736.37.
On Wall Street: The global benchmark index of the United States traded in green, with the Dow Jones surging approximately 400 points or 1.37% to 29,479.81, the S&P 500 index traded 48 points or 1.36% higher at 3,585.15 and -dominated Nasdaq Composite index traded 120 points or 1.02% higher at 11,829.29.
Commodity News*
Safe haven yellow metal “Gold Futures” rose 0.69% to US$ 1,886.20/oz.
Crude WTI traded 2.4% lower at US$ 40.13/bbl and the International Oil benchmark Brent oil traded 1.72% lower at US$ 42.78/bbl.
Forex*
Currency Pair USD/CAD traded slightly lower at 1.3131 vs 1.3139 in the previous trading session.
U.S greenback loses ground against the basket of majors, with Dollar Index traded 0.22% higher at 92.75.
* All details after markets close on November 13, 2020.
