S&P/TSX Composite continue to march northward for the seventh straight day

2 min read | November 28, 2020 01:16 AM PST | By Team Kalkine Media

S&P/TSX Composite registered seventh consecutive days of positive close and settled 0.26% or 45 points higher to 17,396.56. This is the longest positive close in 2020. Also, the index continues to trade in the bullish zone, with closing well above the short term and long-term support levels.  S&P/TSX is up approximately 9% over the last one month and up approximately 11.65% on a month-to-date basis.

S&P/TSX Composite 5-day Price Chart (as on November 27, 2020). Source: EODHD/Others (Thomson Reuters)

At the close, the index was featuring a dividend yield of 3.3% and traded at Price-to-Earnings (P/E) multiple of 19.6x, respectively.

Sector Summary

Sector Summary: EODHD/Others (Thomson Reuters)

Stocks in Play

Gainers: Aurora Cannabis Inc (up 17.9%), Trillium Therapeutics Inc (up 9.2%), and Aphria Inc (up 7.8%)

Losers: Brookfield Property Partners LP (down 3.4%), OceanaGold Corp (down 3.0%), and Canada Goose Holdings Inc (down 2.9%)

Volume Leaders: Bombardier Inc., Score Media and Gaming Inc and Aurora Cannabis Inc.

52W High: Lightspeed POS Inc., Canopy Growth Corporation and Trillium Therapeutics Inc

52W Low: Newcrest Mining Limited and Cardiol Therapeutics Inc

Wall Street: Stocks in the United States traded in green with all three major global benchmark indices of the Wall Street closed in green. The Dow Jones Industrial Average added approximately 38 points or 0.13% to 29,910.37; the S&P 500 index increased 8.7 points or 0.24% to 3,638.35, and the technology-dominated Nasdaq Composite index traded 106 points or 0.87% higher to 12,258.21.

Commodity News

International oil benchmark Brent Oil Future pared some losses of the previous trading session and climbed ~ 0.80% to US$ 48.18/bbl, on the other hand, WTI Crude Futures gained ~1.22% to US$ 45.53/bbl.

Gold Futures pared all gains of the previous two trading session and halted ~ 1.4% lower at US$ 1,781.9/oz.

Canadian dollar further strengthened against the U.S Greenback, with currency pair USD/CAD traded 0.18% lower on Friday at 1.2989 vs 1.3013 on Thursday.

U.S Dollar Index declined for the fourth straight day and traded 0.18% lower at 91.801 on Friday vs 91.966 on the previous trading session.

 

*All data as on November 27, 2020, after market close

 

 

 

 

 

 

 

 


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