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The TSX Composite Index advanced on the fifth consecutive day, gaining 99.80 points or 0.52% to 19,228.87 amid improved technology stocks, easing bond yields and investors optimism pushed the speedy global economic recovery. Other leading indices also TSX Venture Index showed upside of 0.80% to 962.73 while S&P/TSX 60 up 0.32% settled at 1,145.19.
Daily Price Chart of TSX Composite Index -5D (as on 08 April 2021). Source: EODHD/Others (Thomson Reuters)
Movers and Laggards on TSX Composite
|
Ticker |
Company Name |
% Change |
|
|
Top-5 Movers |
|
|
DND |
Dye & Durham Ltd |
9.9% |
|
NGD |
New Gold Inc |
9.3% |
|
TRIL |
Trillium Therapeutics Inc |
7.3% |
|
FVI |
Fortuna Silver Mines Inc |
7.1% |
|
EDR |
Endeavour Silver Corp |
6.8% |
|
|
Top-5 Laggards |
|
|
WEED |
Canopy Growth Corp |
-5.3% |
|
CAS |
Cascades Inc |
-3.4% |
|
BHC |
Bausch Health Companies Inc |
-3.1% |
|
AC |
Air Canada |
-2.4% |
|
TIH |
Toromont Industries Ltd |
-2.3% |
Source: EODHD/Others (Thomson Reuters)
Volume Shakers:
Supreme-Cannabis Company Inc. was the most active stock on Thursday with 103.6 million stocks being exchanged, followed by Toronto-Dominion Bank with 10.26 million and Bombardier Inc. of 8.6 million.
Market Overview:
US markets rallied on Thursday as bond yields slipped due to the dovish stance of the Federal Reserve. The S&P 500 Index is up by 0.42% to 4,097.17, the Nasdaq Composite Index up 1.03% at 13,829.31 while the Dow Jones up by 0.17% or ~57 points to 33,503.57.
US & Canada Bond Yield:
In response to the dovish stance by the Federal Reserve, bond yields levelled down on Thursday where the US 10-Year Treasury Bond down by 3.16% to 1.62 and the Canada 10-Year Government Bond Yield went down by 2.73% to 1.46.
Commodity and Currency Update
The Oil prices showed mixed results on Thursday after the US reported decline in inventories level. WTI Crude Oil Future down by 0.28% to US$ 59.60/bbl contrarily the Brent Oil up by 0.06% to US$ 63.20/bbl. Gold Futures prices moved up ~0.96% to US$ 1,756.80/oz amid flattened bond yields and optimism over global recovery.
The US dollar was impacted by the unexpected rising unemployment figures in USA along with daunted hopes in monetary policy easing. The USD/CAD down by 0.36% to 1.25 on Thursday while the US Dollar Index down by 0.44 at 92.069 due to optimism in US recovery, launch of coronavirus vaccine and surging Treasury Yields.
