AUS
NZ
UK
CA
USA
IND
The broader equity index of the Canadian market, TSX Composite, offset some of the losses it accumulated in Thursday’s (September 24) trading session and settled ~ 95 points or 0.60% higher at 15,912.26. The gain was due to increase in the material, real-estate and consumer-cyclicals. Health care and technology sectors suffered the most during intraday trading.
Five-day Price Chart (as on September 24, 2020, after markets close/ Source: EODHD/Others (Thomson Reuters)
Despite an increase, the TSX Composite index closed below it short-term and long-term support levels of fice-day, 10-day, 20-day, 30-day, 50-day and 200-day Simple Moving Averages (SMAs). The leading momentum indicators, 14-day and nine-day relative strength index (RSI), drifted near oversold territory. Moving average convergence/divergence (MACD) is on a downward trend and hovering below its nine-day SMA. Further, the difference between 12-day and 26-day exponential moving averages (EMAs) was negative, reflecting weakness in the broader market.
TSX Sector Summary
Source: EODHD/Others (Thomson Reuters)
Stock Cues
Gainers: Kinross Gold Corp (up 7.18%), MAG Silver Corp (up 7.12%) and Teranga Gold Corp (up 6.37%)
Losers: Aphria Inc (down 5.23%), Ballard Power Systems Inc (down 4.95%), and Great Canadian Gaming Corp (down 3.61%)
Volume Leaders: Just Energy Group Inc, Kinross Gold Corporation, and Zenabis Global Inc.
52 Week High: Nuvei Corporation and Vecima Networks Inc.
52 Week Low: Molson Coors Canada Inc, Big Banc Split Corp. and Charlotte's Web Holdings Inc.
On Wall Street: The broader indices of the Wall Street settled in green with the Dow Jones up 52.31 points to 0.20%. Technology-heavy NASDAQ settled 39.28 points or 0.37% higher at 10,672.27 and the S&P 500 index ended 9.67 points or 0.30% higher at 3,246.59.
Commodity Cues*
International Oil benchmark Brent Crude Oil ended 0.41% higher at US$ 41.94/bbl and American Oil benchmark WTI Crude settled 0.95% higher at US$ 40.50/bbl.
The Gold Futures went up 0.45% to US$ 1,876.90/oz after three consecutive days of losses.
*Details as on September 24, 2020; after markets close.
