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The leading equity gauge of the Toronto Stock Exchange, the S&P/TSX Composite Index traded higher for the sixth straight day and added 38.27 points or 0.22% to 17,351.34.
S&P/TSX Price to 200-day SMA ratio stood at 1.109x, implies that the index is up approximately 11% from its long-term moving average. Now, 200-day SMA would act as a strong support level of the index. Further, at the last close, the index traded above all the moving averages of 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 200-day, which reflects a strong bullish trend in the index.
Further, S&P/TSX closed with a dividend yield of 3.39% and traded at a Price-to-Earnings (P/E) multiple of 19.70x.
S&P/TSX Composite Index 5-day Price Chart. Source: EODHD/Others (Thomson Reuters)
Sector Summary
Source: EODHD/Others (Thomson Reuters)
Stocks in Play
Gainers: Trillium Therapeutics Inc (up 6.9%), Osisko Mining Inc (up 6.5%), and BRP Inc (up 5.5%)
Losers: Brookfield Asset Management Inc (down 2.1%), Cenovus Energy Inc (down 2.1%), and Vermilion Energy Inc (down 2.1%)
Volume Leaders: Score Media and Gaming Inc., Suncor Energy Inc., and Bombardier Inc.
52W High: Brampton Brick Limited, Lightspeed POS Inc. and Toromont Industries Ltd.
52W Low: Northern Dynasty Minerals Ltd.
On Wall Street: Markets in the United States were shut on Thursday on account of thanksgiving.
Despite the potential COVID-19 vaccine on the table, market sentiment remains fragile as the virus toll continue to surge in Europe and the US.
Commodity and Money Market Update
Gold Futures traded marginally higher by 0.08% to US$ 1,807.
Brent Crude Oil declined by 1.67% to US$ 47.8, while WTI Crude Oil futures fell 1.60% to US$ 44.98/bbl.
The Canadian Dollar ended at 1.3013 against the U.S Dollar on Thursday, as compared to Wednesday’s close of 1.3000.
The yield on the 10-year U.S treasury bonds fell three basis points to 0.85%.
*All data as on November 26, after market close
