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The main index of the Toronto Stock Exchange, the S&P/TSX Composite Index traded in the green for the fifth consecutive days and settled 0.22% higher at 17,313.07. Further, the index closed well above the crucial support levels of 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day SMAs. Also, the leading momentum indicator, Moving Average Convergence Divergence (MACD) is rising, with the difference between 12-day and 26-day EMAs is positive, and MACD oscillator is hovering above its 9-day SMA signal line, which is another bullish technical indicator.
The information technology sector and Utilities Sector were among the top-performing sectors on the S&P/TSX Composite Index and added 1.67% and 0.41%, respectively. On the other side, Metal and Mining and Energy Stocks were among the laggards and declined 1.05% and 0.72%, respectively.
S&P/TSX Composite Index 5-day Price Chart. Source: EODHD/Others (Thomson Reuters)
Stocks in Play
Gainers: Jamieson Wellness Inc (up 8.0%), Lightspeed POS Inc (up 7.1%), and Cargojet Inc (up 5.4%).
Losers: Canada Goose Holdings Inc (down 7.9%), Aurora Cannabis Inc (down 5.8%), and Prairiesky Royalty Ltd (down 3.4%).
Volume Leaders: Northern Dynasty Minerals Ltd., Suncor Energy Inc, and Canadian Natural Resources Limited
52W High: Lightspeed POS Inc, Sierra Wireless Inc. and Brookfield Renewable Corporation
52W Low: Northern Dynasty Minerals Ltd
Wall Street: The benchmark indices of the United States traded in the mix, with the Dow Jones Industrials traded approximately 174 points or 0.58% lower at 29,872.47, the S&P 500 settled approximately 6 points or 0.16% lower at 3,629.65 and technology dominated Nasdaq Composite traded 57 points or 0.47% higher at 12,094.40.
Commodity News
Safe-haven Gold Futures increased slightly after registering three consecutive days of losing streaks and traded 0.05% higher at USD 1,805.50/oz. Gold is down approximately 5% over the past one month.
Oil price rally extended for the fifth straight days, with international benchmark Brent Oil surged 1.57% to USD 48.61/bbl, and Crude WTI surged 1.78% to USD 45.71/bbl.
Forex News
Canadian Dollar reported marginal weakness against the U.S counterpart after two consecutive days of gains, with USD/CAD pair traded 0.05% higher at 1.300.
U.S Dollar Index recorded weakness against the basket of majors for the third consecutive day and declined 0.28% to 91.966 vs 92.220 in the previous trading session.
* All data as on November 25, 2020 market close.
